Key Highlights

  • flyExclusive shares were down 6.09 percent to USD 1.08 in pre-market trading on November 2, 2026.
  • A release dated October 29, 2026 said 1,544,575 additional Class A shares would be issued around October 30, 2026.
  • Second quarter 2026 Revenue was USD 111.1 million, up 22 percent from USD 91.3 million.
  • Cash stood at USD 14.3 million at June 30, 2026, against long-term notes payable of about USD 137.9 million.

What moved flyExclusive shares in pre-market trading?

flyExclusive, Inc. (NYSEAMERICAN:FLYX) was down 6.09 percent to USD 1.08 in pre-market trading on November 2, 2026. No new Earnings release or guidance change dated November 2, 2026 was identified, so the move appears to follow recent share-issuance news rather than a fresh operating announcement.

Because the stock trades near USD 1, small shifts in order flow can produce large percentage swings. This is a penny stock, so volatility, thin Liquidity and dilution risk all apply.

What is the share top-up tied to the Jet.AI deal?

According to a press release dated October 29, 2026 from Jet.AI Inc. (NASDAQ:JTAI), flyExclusive will issue 1,544,575 additional Class A common shares to recipients under a previously announced transaction. The shares were expected to be distributed on or about October 30, 2026.

The release said recipients first received 5,676,893 shares, roughly 80 percent of their entitlement. flyExclusive is releasing 1,419,224 reserved shares and issuing 125,351 more, bringing total consideration to 7,221,468 shares. For existing holders, the extra shares matter mainly because they increase the share count.

How did flyExclusive perform recently?

flyExclusive is a private aviation company offering jet charter services. Second quarter 2026 results were released on August 19, 2026. Revenue was USD 111.1 million, up 22 percent from USD 91.3 million, and adjusted EBITDA was USD 4.2 million, a 3.8 percent Margin (calculated), compared with a loss of USD 5.2 million a year earlier.

It was the third consecutive quarter of positive adjusted EBITDA. On the earnings call, management guided third quarter 2026 adjusted EBITDA to USD 5 million to USD 7 million and gave no fourth quarter guidance.

What are the Balance Sheet and risks?

Cash was USD 14.3 million at June 30, 2026, down from USD 18.7 million at the end of the first quarter. Long-term notes payable were about USD 137.9 million, which leaves the company sensitive to financing costs and cash generation.

Depreciation was about USD 5.5 million in the second quarter, so adjusted EBITDA overstates what reaches the bottom line. Ongoing share issuance, a modest cash balance and a share price near USD 1 are the main risks to watch.

What should investors watch next?

The next scheduled catalyst is the third quarter 2026 report, though no date was identified in the sources reviewed. Observers will compare actual adjusted EBITDA with the USD 5 million to USD 7 million guidance and check whether cash improves from USD 14.3 million.