JTAI

LAS VEGAS, May 15, 2026 (GLOBE NEWSWIRE) -- Jet.AI Inc. (“Jet.AI” or the “Company”) (Nasdaq: JTAI), an emerging provider of high-performance GPU infrastructure and AI cloud services, today announced financial results for the first quarter ended March 31, 2026. General Company Update As of March 31, 2026, the Company had approximately $13.5 million in cash and no debt, compared to $1.8 million in cash as of December 31, 2025. The proposed merger with flyExclusive remains on track for a shareholder vote on June 11, 2026. Subsequent to quarter end, the Company sold one of its HondaJet aircraft in coordination with flyExclusive and in preparation for the anticipated closing of the transaction. Following quarter end, the Company also announced the acquisition of a $5 million economic interest in SpaceX, which has recently been widely reported to be pursuing an IPO in June/July. Consensus Compute JV secured natural gas supply equivalent to 500MW of generation capacity for the Manitoba campus, along with the environmental permits required to use the gas for power generation. The 395-acre Manitoba campus continues to attract significant interest from hyperscalers, and this achievement marked completion of the JV’s third milestone. The next major phase of the project is expected to include turbine acquisition aligned with a tenant commitment, along with additional formal project milestones. The power study for the Moapa data center remains ongoing and the company maintains a robust pipeline of North American data center projects. The AI Infrastructure Acquisition Corp. (NYSE:AIIA), valued at approximately $17.2 million on the balance sheet, is actively engaged with several targets, and outreach remains ongoing. During the quarter, the Board approved a $5 million share repurchase authorization. Proposed Merger with flyExclusive On May 1, 2026, Jet.AI announced that the Registration Statement Form S-4 (File No. 333-284960) filed by flyExclusive, Inc. (“flyExclusive”) related to the proposed merger transaction has been declared effective by the Securities and Exchange Commission (the “SEC”), formally advancing the transaction into its stockholder approval and closing phases. Jet.AI and flyExclusive continue to expect to close the proposed merger in the second quarter of 2026, with Jet.AI’s special meeting of its stockholders scheduled on June 11, 2026. Jet.AI stockholde...

Las Vegas, NV, April 20, 2026 (GLOBE NEWSWIRE) -- Jet.AI Inc. ("Jet.AI" or the "Company") (Nasdaq: JTAI), an emerging provider of high-performance GPU infrastructure and AI cloud services, today announced that the parties have agreed to extend the outside date of the merger agreement between flyExclusive, Inc. (NYSE American: FLYX) ("flyExclusive") and Jet.AI to June 30, 2026, with closing expected in the second quarter of 2026. "We're enthusiastic about the deal and remain fully committed," said Jet.AI Founder and Executive Chairman Mike Winston. "The SEC review process included comments related to flyExclusive’s disclosures for the 2023 period. The comments were addressed and fully resolved. With that progress, we are moving forward toward closing.” flyExclusive's Founder and Chief Executive Officer, Jim Segrave, added: "We are pleased with the transaction and remain firmly committed. Both teams have continued to work expeditiously toward closing, and we look forward to completing the combination in the second quarter." flyExclusive refiled its Form S-4 related to the transaction on April 14, 2026, available on SEC.gov here. Once the Form S-4 registration statement is declared effective by the Securities and Exchange Commission, the definitive proxy statement is expected to be mailed to shareholders of record promptly thereafter. Mailing of the definitive proxy statement is expected to commence a shareholder solicitation period of approximately thirty days, reflecting customary timing for broker distribution, shareholder review, and vote tabulation in advance of the special meeting, after which the parties expect to proceed to closing, subject to the satisfaction of customary closing conditions. About Jet.AI Jet.AI Inc. is a technology-driven company focused on deploying artificial intelligence tools and infrastructure to enhance decision-making, efficiency, and performance across complex systems. The Company is listed on the NASDAQ Capital Market under the ticker symbol "JTAI." Additional Information and Where to Find It In connection with the transactions contemplated by the Amended and Restated Agreement and Plan of Merger and Reorganization, dated May 6, 2025, between Jet.AI, flyExclusive, FlyX Merger Sub, Inc., and Jet.AI SpinCo, Inc. (as amended, the “Merger Agreement”), flyExclusive has filed a Registration Statement on Form S-4 (File No. 333-284960...

LAS VEGAS, March 09, 2026 (GLOBE NEWSWIRE) -- Jet.AI Inc. (“Jet.AI” or the “Company”) (Nasdaq: JTAI), an emerging provider of high-performance GPU infrastructure and AI cloud services, today announced financial results for the full year ended December 31, 2025. The Company had approximately $13.7 million of cash and no debt as of March 5th, 2026 (vs $1.8 million at year end 2025) and is Net Income positive for the full year 2025 ($4.6 million in 2025 vs -$12.7 million in 2024). In the first quarter of 2026, Jet.AI expects the completion of the third milestone of its Canadian data center joint venture - related to powered land at its 385 acre Manitoba site and continued progress in the Maritimes. The power study for our Moapa NV data center site is ongoing, and the flyExclusive transaction remains on track to close April 30th. The Company maintains strong access to capital through its $250 million shelf facility Recent Operational Highlights Adopted limited duration stockholders rights agreement Executed amendment to previously announced Amended and Restated Agreement and Plan of Merger and Reorganization with flyExclusive, Inc., and provided updates regarding capital structure, financing arrangements, and strategic flexibility Issued letter to shareholders highlighting key data center developments, milestones, and 2026 strategic priorities Extended outside date of the merger agreement with flyExclusive, Inc. to April 30, 2026 Announced planned joint venture relating to the development of a planned 50-megawatt data center campus in Moapa, Clark County, Nevada Unveiled Midwestern Canada data center campus details and location (Winnipeg, Manitoba) Completed second milestone of Canadian hyperscale data center campus in Midwestern Canada and Maritime Canada Announced successful closing of AI Infrastructure Acquisition Corp initial public offering, adding approximately $14.5 million in book equity from the Company’s ownership stake in AIIA Sponsor Ltd. Management Commentary “Our focus in 2026 will center on accelerating the development of our AI data center portfolio. Over the past year, we strategically invested across three major projects, establishing a strong foundation to execute our transition into AI infrastructure and next-gen data center platforms as demand continues to rise. With a clean balance sheet and liquidity flexibility to deploy capital, we belie...

Las Vegas, NV, Jan. 14, 2026 (GLOBE NEWSWIRE) -- Jet.AI Inc. ("Jet.AI" or the "Company") (Nasdaq: JTAI), an emerging provider of high-performance GPU infrastructure and AI cloud services, today announced that the parties have extended the outside date of the merger agreement between flyExclusive, Inc. (NYSE American: FLYX) (“flyExclusive”) and Jet.AI to April 30th, 2026, with closing expected in the first quarter of 2026. “We’re excited about the deal and remain firmly committed," said Jet.AI Founder and Executive Chairman Mike Winston." flyExclusive’s Founder and Chief Executive Officer, Jim Segrave added: “We remain enthusiastically committed to the deal.” About Jet.AI Jet.AI Inc. is a technology-driven company focused on deploying artificial intelligence tools and infrastructure to enhance decision-making, efficiency, and performance across complex systems. The Company is listed on the NASDAQ Capital Market under the ticker symbol "JTAI." Additional Information and Where to Find It In connection with the transactions contemplated by the Amended and Restated Agreement and Plan of Merger and Reorganization, dated May 6, 2025, between Jet.AI, flyExclusive, FlyX Merger Sub, Inc., and Jet.AI SpinCo, Inc. (as amended, the “Merger Agreement”), flyExclusive has filed a Registration Statement on Form S-4 (File No. 333-284960) (the “Registration Statement”) to register the shares of flyExclusive common stock that will be issued in connection with the proposed transactions. The Registration Statement includes a proxy statement of the Company and a prospectus of flyExclusive (the “Proxy Statement/Prospectus”), and flyExclusive may file with the SEC other relevant documents concerning the proposed transaction. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND STOCKHOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTIONS AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, FLYEXCLUSIVE, AND THE PROPOSED TRANSACTIONS AND RELATED MATTERS. A copy of the Registration Statement, Proxy Statement/Prospectus, as well as other filings containing information about the Company, may be obtained, free of charge, at the SEC’s website at www.sec.gov when they are filed. You will also...

LAS VEGAS, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Jet.AI. Inc. (“Jet.AI” or the “Company”) (Nasdaq: JTAI), an emerging leader in high-performance GPU infrastructure and AI cloud services, today announced financial results for the third quarter ended September 30, 2025 and highlights the significant progress and advancements made on the third milestone of the Canadian Hyperscale Data Center Project with Consensus Core Technologies, Inc. (“Consensus Core”). Recent Operational Highlights Completed second milestone of Canadian Hyperscale Data Center Project in partnership with Consensus Core Technologies Inc. Extended outside date of proposed merger with flyExclusive, Inc. (“flyExclusive”) to December 31, 2025 amid the government shutdown, which temporarily halted the SEC’s review of all merger proxies Announced successful closing of AI Infrastructure Acquisition Corp.’s initial public offering, bolstering Jet.AI’s book equity by approximately $20 million from the minority ownership stake in AI Infrastructure Acquisition Corp.’s sponsor, AIIA Sponsor Ltd. Management Commentary Founder and Executive Chairman Mike Winston stated: “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. 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. 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. Lastly, and most notably, we have successfully completed our second milestone across our Canada data center projects with our partners at Consensus Core. With a strong foundation of property, energy, and natural resources available, our focus now shifts toward converting these into meaningful, tangible results. For the remainder of the year, we will prioritize driving measurable progress towards our third milestone under the Canada data center project while working towards closing the proposed flyExclusive deal. We remain fully committed in our pivot into the data center sector and look forward to the upcoming progress, achievements, and mileston...

Revenue: US$2.23m (down 28% from 2Q 2024). Net loss: US$2.39m (loss narrowed by 27% from 2Q 2024). US$0.92 loss per share (improved from US$56.66 loss in 2Q 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 41%. Earnings per share (EPS) exceeded analyst estimates by 16%. Looking ahead, revenue is forecast to grow 95% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Airlines industry in the US. Performance of the American Airlines industry. The company's shares are up 4.1% from a week ago. Before we wrap up, we've discovered 4 warning signs for Jet.AI (3 can't be ignored!) that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

LAS VEGAS, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Jet.AI (the “Company”) (Nasdaq: JTAI), a provider of high-performance GPU infrastructure and AI cloud services, today announced financial results for the second quarter ended June 30, 2025. Recent Operational Highlights Announced its capital contribution to AIIA Sponsor Ltd., which serves as the sponsor of AI Infrastructure Acquisition Corp., a special purpose acquisition company (SPAC) that intends to conduct an initial public offering and focus on opportunities with companies and/or strategic assets in high-impact private technology companies advancing artificial intelligence, machine learning capabilities, and those involved in building, operating, or enabling next-generation data center infrastructure. Signed Letter of Intent ("LOI") and later executed a definitive agreement to form a joint venture with Consensus Core Technologies Inc. ("Consensus Core") to pursue the development of two hyperscale data-center campuses in Midwestern Canada and Maritime Canada, respectively. flyExclusive transaction remains on track to close by October 31, 2025. Second Quarter 2025 Financial Results Revenues were $2.2 million compared to $3.1 million in the same period last year. The decrease was primarily due to a reduction in Cirrus Charter and Jet Card revenue which stemmed mainly from clients, prospects and vendors anticipating the sale of the Company’s aviation business to flyExclusive, as well as reduced flying by our management clients, partially offset by an increase in Software App revenue. Software App and Cirrus Charter revenue, the gross amount of charters booked through CharterGPT and Cirrus, was $1.3 million compared to $1.6 million in the same period last year. Management and Other Services revenue, which is comprised of revenues generated from managing and chartering the Company’s customer aircraft, totaled $533,000 compared to $914,000 in the same period last year. Jet Card and Fractional Programs revenue, which is generated from the sale and use of jet cards and service revenue related to ongoing utilization by the Company’s fractional customers, totaled $421,000 compared to $559,000 in the same period last year. Cost of revenues totaled $2.3 million compared to $3.5 million in the same period last year. The decrease was primarily due to decreased Cirrus charter flight activity and a decrease in merchant fees a...

LAS VEGAS, May 15, 2025 (GLOBE NEWSWIRE) -- Jet.AI Inc. (the “Company”) (Nasdaq: JTAI), a pure-play artificial intelligence (“AI”) data center company operating aviation-specific AI software, today announced financial results for the first quarter ended March 31, 2025. Recent Operational Highlights Signed Letter of Intent (“LOI”) to form a joint venture with Consensus Core Technologies Inc. (“Consensus Core”) to pursue the development of two hyperscale data-center campuses in Midwestern Canada and Maritime Canada, respectively. Announced strategic shift into AI data center investment and signed a LOI for a 50-megawatt data center project on a proposed gigawatt campus in Nevada Entered into a definitive agreement with flyExclusive to divest the Company’s jet card and fractional aviation business in a spin-merge transaction expected to close in the second quarter of 2025 Management Commentary Founder and Executive Chairman Mike Winston said, “Since refocusing our long-term strategy on AI-driven infrastructure, we’ve made meaningful progress pursuing and executing on what we believe are extraordinary opportunities in this space. Last month, we signed a letter of intent with Consensus Core, a group that brings both a seasoned track record and something far more valuable: real experience developing AI data centers. Through this partnership, we plan to jointly develop two large-scale campuses-one in Midwestern Canada, the other in the Maritimes. These locations weren’t picked for their postcard views-they were chosen because they sit atop the kind of energy infrastructure this next chapter of computing will depend on: access to grid power, on-site natural gas and hydroelectric/renewable energy sources. What’s especially attractive about this structure is our proposed general partnership interest in each project. That gives us the opportunity to participate in long-term cash flows, for a projected 1.5 gigawatts of capacity. As these sites are developed, leased, and ultimately scaled, we believe both the income and the underlying asset value will grow. We’re moving steadily toward a definitive agreement, and we look forward to sharing updates as we make progress. As always, we’re focused on building value carefully, with good partners, and one step at a time.” First Quarter 2025 Financial Results Revenues were $3.5 million, compared to $3.8 million in the same perio...

Revenue: US$14.0m (up 15% from FY 2023). Net loss: US$13.4m (loss widened by 5.7% from FY 2023). US$47.93 loss per share. The end of cancer? These 15 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 12%. Looking ahead, revenue is forecast to grow 64% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Airlines industry in the US. Performance of the American Airlines industry. The company's shares are down 18% from a week ago. We should say that we've discovered 5 warning signs for Jet.AI (4 can't be ignored!) that you should be aware of before investing here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

LAS VEGAS, March 27, 2025 (GLOBE NEWSWIRE) -- Jet.AI Inc. (the “Company”) (Nasdaq: JTAI), a pure-play artificial intelligence (“AI”) data center company operating aviation-specific AI software, today announced financial results for the full year ended December 31, 2024. As of March 25th, 2025, the Company had a cash balance of $12.5 million and no debt. In addition, it held $4.2 million in aircraft-related deposits. Together, these amounts - totaling $16.7 million - are expected to be sufficient to satisfy the minimum cash condition of the proposed transaction with flyExclusive, Inc. (“flyExclusive”). Recent Operational Highlights Announced strategic shift into AI data center investment and signed a letter of intent for a 50-megawatt data center project on a proposed gigawatt campus Entered into a definitive agreement with flyExclusive to divest the Company’s jet card and fractional aviation business in a spin-merge transaction expected to close in the second quarter of 2025 Launched “Ava”, an agentic AI model for private jet booking at +1-888-492-4538 Commenced pre-sales for fractional ownership interests in its upcoming Cessna Citation CJ4 Gen2 aircraft Regained compliance with Nasdaq stockholders’ equity requirement and minimum bid price requirement Announced a fleet purchase agreement with Textron Aviation Inc. for the purchase of three Cessna Citation CJ4 Gen 2 aircraft Authorized a $2 million share repurchase program and withdrawal of the Company’s registration statement on Form S-1 (SEC File No. 333-281911) for a prospective offering that the Company was previously pursuing Completed reverse stock split at a ratio of 1-for-225 Announced new features and advancements to CharterGPT and Reroute AI Management Commentary Founder and Executive Chairman Mike Winston said, “2024 - and the first stretch of 2025 - was about laying the foundation for something new. We spent the year redefining Jet.AI’s long-term vision and charting a path toward a future centered on AI data centers. Along the way, we continued to invest in our software platform, enhancing existing tools and launching Ava - our agentic AI model that simplifies private jet booking. It’s a product we’re proud of, and one we believe speaks to where intelligent systems are headed. The back half of the year was focused on cleaning up our capitalization structure, following the 2023 de-SPAC transaction...