Revenues from jet card and fractional programs dropped in Q3 as Jet.AI said it is ‘optimistic’ about its aviation group sale to FlyExclusive.
Year-over-year revenues at Jet.AI dropped from $3.9 million to $1.7 million in the third quarter of 2025.
The decline is due to the Las Vegas-based operator’s plans to move into data centers.
It plans to sell its aviation division to FlyExclusive.
Per its SEC filing, “The decrease was primarily due to a reduction in Cirrus charter and jet card revenue due to the planned sale of the company’s fractional and jet card business to FlyExclusive.”
Cirrus is the operator for Jet.AI’s owned and leased aircraft.
Jet card and fractional program revenues went from $547,186 in Q3 2024 to $184,655 this year.
Software app and Cirrus charter revenue went from $2.4 million to $642,279.
Management and other services revenues dipped from $960,465 to $884,054.
Year-to-date overall revenues were down from $10.8 million to $7.4 million.
In the quarter, operating loss dropped from $2.9 million to $2.0 million.
Year-to-date operating loss fell from $9.3 million to $7.7 million.
Executive Chairman Mike Winston said, “Over the past several weeks and months, we’ve made meaningful progress across our ongoing initiatives to further transition Jet.AI into a leader of high-performance GPU infrastructure and AI cloud services.”
He added, “The AI Infrastructure Acquisition Corp. initial public offering successfully closed and was oversubscribed, which bolstered Jet.AI’s book equity by $20 million through our ownership stake in the sponsor.”
Winston continued, “We also extended the outside date for our FlyExclusive merger agreement amidst the government shutdown; however, both parties remain eager and optimistic about closing the transaction by year-end.”
The agreement was initially announced in February.
The Aviation segment, which would go to FlyExclusive, features fractional ownership, jet cards, on-fleet charter, management, and buyer’s brokerage.
The Software segment features the B2C CharterGPT app.
It also holds the agentic booking AI Ava.
There is also the B2B Jet.AI Operator platform.
Winston concluded, “We remain fully committed in our pivot into the data center sector and look forward to the upcoming progress, achievements, and milestones to come in 2026.”
JTAI closed at $1.85.
The 52-week range was from $1.82 to $11.77.
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