v3.25.1
Segment Information - Components of Segment Profit or Loss (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Dec. 27, 2023
[1]
Segment Reporting Information [Line Items]        
Net sales   $ 327,274 $ 315,362  
Cost of revenue   290,212 264,176  
Selling, general and administrative   91,337 75,430  
Depreciation and amortization   25,709 26,982  
Loss (gain) on aircraft held for sale   2,795 (13,905)  
Net loss $ 1,287 (101,495) (54,738) $ (56,025)
Reportable Segment        
Segment Reporting Information [Line Items]        
Net sales   327,274 315,362  
Cost of revenue   290,212 264,176  
Selling, general and administrative   91,337 75,430  
Depreciation and amortization   25,709 26,982  
Loss (gain) on aircraft held for sale   2,795 (13,905)  
Other expense   18,675 17,417  
Net loss   $ (101,454) $ (54,738)  
[1] The Merger occurred on December 27, 2023. As a result, net loss for the year ended December 31, 2023 was attributed to the pre-Merger period from January 1, 2023 through December 27, 2023 and to the post-Merger period from December 28, 2023 through December 31, 2023. During the pre-Merger period, net loss was attributable to LGM Enterprises, LLC and its noncontrolling interests. During the post-Merger period, net income was attributable to flyExclusive, Inc. and its noncontrolling interests and redeemable noncontrolling interest. Refer to the table below for the attribution of net income (loss) to controlling interests (LGM Enterprises, LLC for the pre-Merger period and flyExclusive, Inc. for the post-Merger period), noncontrolling interests, and redeemable noncontrolling interest during the pre-Merger and post-Merger periods.
(in thousands)Controlling InterestsNoncontrolling
Interests
Redeemable noncontrolling interestTotal
Net loss of LGM Enterprises, LLC attributed to the pre-Merger period from January 1, 2023 through December 27, 2023$(47,134)$(8,891)$— $(56,025)
Net income (loss) of flyExclusive, Inc. attributed to the post-Merger period from December 28, 2023 through December 31, 2023.299 (92)1,080 1,287 
Total net income (loss) for the year ended December 31, 2023$(46,835)$(8,983)$1,080 $(54,738)