While our customer base isn't overly sensitive to interest rates or currency fluctuations, what we are seeing is a modest shift from international to domestic travel, which plays to our strengths given the our U.S.-based fleet.

May 14, 2025 / CEO / receipt, needs a key / Jim Seagrave, CEO | earnings call 2025-05-14 | transcript e26163d4-5f8e-497c-899f-b6262a8f27d5 | chars 7606-7833 | segment 7

Under this agreement, Fly Exclusive now manages Velato's fleet consisting of 10 fractional aircraft and two leased aircraft. Velato's customers now enjoy the advantages of our significantly larger fleet, our vertically integrated service model, and enhanced reliability. Furthermore, we have seamlessly handled the added volume with 175 fewer employees than VELADO previously required thanks to our efficient infrastructure. This represents an impressive 80% reduction in the staffing needed to meet their flight demand.

Nov 14, 2024 / CEO / receipt, needs a key / Jim Seagrave, CEO | earnings call 2024-11-14 | transcript 2c583b89-80e1-49d5-a1c1-07979eb74098 | chars 8411-8931 | segment 8