flyExclusive Appoints Brian P. Reid as Chief Commercial Officer After Record Q2 2026 Revenue of $111.1M

flyExclusive named Brian P. Reid Chief Commercial Officer following second-quarter 2026 revenue of $111.1 million, up 22% year over year, and Adjusted EBITDA of $4.2 million.

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Industry impact

The results show a membership-and-fractional operator lifting margin and flight hours from a smaller fleet, signalling utilization gains rather than fleet growth as the near-term profitability lever.

What happened

flyExclusive has appointed Brian P. Reid as Chief Commercial Officer, giving him responsibility for growing revenue across the Jet Club, Fractional Ownership, and Retail Charter Sales divisions. Jim Segrave, Founder and Chief Executive Officer of flyExclusive, said "Our operating platform is performing at a high level, and Brian's leadership will help us reach more customers and build on the momentum we have created."

Reid brings more than 30 years of experience across private aviation, luxury real estate, financial services, consumer technology, and professional sports. He previously served as Executive Vice President at a membership-based private aviation platform, where he secured partnerships with American Express, Goldman Sachs, Morgan Stanley, Pinehurst Resort, Sea Island Club, Palmetto Bluff, and Costco. He later served as Chief Sales and Marketing Officer at Thomas James Homes, and most recently as Chief Revenue Officer at a private aviation marketplace.

Reid's appointment follows what the company described as its strongest quarter as a public company. In the second quarter of 2026, flyExclusive reported revenue of $111.1 million, up 22% year over year, and Adjusted EBITDA of $4.2 million, a $9.4 million improvement over the prior-year period and the third consecutive quarter of positive Adjusted EBITDA. Gross margin expanded more than 500 basis points to 20.4%, and flight hours grew 8% on a fleet 6% smaller than a year ago. flyExclusive has guided to Adjusted EBITDA of $5 million to $7 million for the third quarter of 2026.

Who this affects

• Aircraft Management Companies — A managed-fleet program lifted flight hours 8% while operating a fleet 6% smaller than a year earlier, raising the utilization bar owners may expect elsewhere.
• Charter Brokers — A membership charter provider posting record quarterly revenue and expanding referral channels gives brokers a stronger financial story to cite when placing clients.
• Maintenance Repair and Overhaul (MRO) — In-house maintenance facilities supporting a smaller but harder-flown fleet face higher utilization per aircraft as flight hours rise.