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flyExclusive's declining losses show "massive transition," CEO says - Business North Carolina

Summary by Business North Carolina
flyExclusive, the Kinston-based private jet charter company, reported a $101.5 million net loss for 2024. But the declining amount of losses in recent quarters shows that the company is executing and should be reporting positive cash flow and net profitability later this year, CEO Jim Segrave says. “We made a massive transition,” Segrave says, noting that the company is now showing  “unbelievable performance.” He cites income before interest pay…
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flyExclusive's declining losses show "massive transition," CEO says - Business North Carolina

flyExclusive, the Kinston-based private jet charter company, reported a $101.5 million net loss for 2024. But the declining amount of losses in recent quarters shows that the company is executing and should be reporting positive cash flow and net profitability later this year, CEO Jim Segrave says. “We made a massive transition,” Segrave says, noting that the company is now showing  “unbelievable performance.” He cites income before interest pay…

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Business North Carolina broke the news in on Thursday, March 27, 2025.
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