flyExclusive, Inc. announced its fourth quarter and full year 2024 financial results, furnished with the Securities and Exchange Commission. The company reported a further narrowing of its Adjusted EBITDA loss to $6 million in Q4 2024.
This Q4 result continues the sequential improvement observed throughout 2024, where the Adjusted EBITDA loss decreased from $19 million in Q1, to $16 million in Q2, and $10.3 million in Q3. The consistent reduction highlights the effectiveness of the company's transformation efforts.
The full year results reflect the impact of the fleet modernization program and cost discipline measures initiated in late 2023. These efforts are aimed at shedding legacy inefficiencies and driving the company towards its target of positive adjusted EBITDA in 2025.
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