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Filing Flows › Industries › Air Transportation, Nonscheduled › Capital spending and supply chain

Air Transportation, Nonscheduled: capital spending and supply chain

SIC 4522 · 6 companies with filed cash-flow statements

Capital spending, 12 months$426M
Operating cash flow−$87.5M
Capex / revenue14.8%
Top 3 share97%

Analysis

6 companies in Air Transportation, Nonscheduled (SIC 4522) spent $426M on capital projects over their latest twelve months; the three largest spenders — UP, VTOL, FLYX — account for 97%.

Capital spending is 14.8% of the industry's $2.9B of annual revenue.

By the industry's asset mix most of it goes to equipment (61%); about $60.8M is imported.

The largest supplier of that spending is aircraft manufacturing ($123M).

Its largest supplying industries, by the input-output tables: scenic and sightseeing transportation and support activities ($304M), imports ($231M), petroleum refineries ($201M).

Charts

Air Transportation, Nonscheduled: capital spending by company, latest twelve monthsAir Transportation, Nonscheduled: capital spending by company, latest twelve monthsUP$209MVTOL$159MFLYX$46.0MSRFM$12.0MSOAR$567KCRTD$181K
Filed cash-flow statements (SEC XBRL).
Air Transportation, Nonscheduled: what the capital spending buys (US part)Air Transportation, Nonscheduled: what the capital spending buys (US part)Structures$89.3MEquipment$223MSoftware$39.0MOther$13.9M
Capital spending × the industry’s asset mix (BEA fixed assets): grade C, an industry average applied to filed figures.
Air Transportation, Nonscheduled: the industries that build and sell what it buysAir Transportation, Nonscheduled: the industries that build and sell what it buysAircraft manufacturing$123MTransportation structures and hig…$55.5MAircraft engine and engine parts …$42.6MOffice and commercial structures$32.4MSoftware publishers$21.4MHeavy duty truck manufacturing$13.0MComputer systems design services$8.4MCustom computer programming servi…$7.8MRailroad rolling stock manufactur…$6.8MAll other miscellaneous manufactu…$6.7M
BEA fixed assets: investment by asset type → supplying industry. Estimates (grade C).
Air Transportation, Nonscheduled: its first-tier supplying industriesAir Transportation, Nonscheduled: its first-tier supplying industriesScenic and sightseeing transporta…$304MImports$231MPetroleum refineries$201MCommercial and industrial machine…$104MManagement of companies and enter…$58.2MTruck transportation$52.3MOther real estate$43.8MAll other food and drinking places$37.0MOther state and local government …$33.0MEmployment services$29.7M
Purchased inputs × the industry’s input mix (BEA Use table), US part: grade C.
Air Transportation, Nonscheduled: where the industry's cash came from (+) and went (−)Air Transportation, Nonscheduled: where the industry's cash came from (+) and went (−)Capital spending−$426MOperating cash outflow−$289MOther investing (in)$235MNet borrowing$211MOperating cash flow$190MOther investing (out)−$160MSales of assets & businesses$140MOther financing (in)$134MNet debt repaid−$107MCash drawn from the balance s…$89.8MShares issued$61.4MBuybacks−$43.0MOther financing (out)−$26.7MExchange-rate gains on cash$11.4M
The companies’ cash-flow statements, latest four quarters or fiscal year: every figure filed (grade A).

Capital spending by company

CompanyCapital spendingOperating cash flowCapex / OCFPeriod
UP Wheels Up Experience$209M−$227M—TTM to Q3 2026
VTOL Bristow Group$159M$171M93%TTM to Q3 2026
FLYX Flyexclusive$46.0M$18.9M243%TTM to Q2 2026
SRFM Surf Air Mobility$12.0M−$53.0M—TTM to Q3 2026
SOAR Volato Group$567K$101K561%TTM to Q2 2026
CRTD Creatd$181K$2.3M8%TTM to Q2 2026

Customers and suppliers named in annual reports

SupplierCustomerShare of supplier revenueEvidenceSource
MSFTSOAR—Stated in 10-K (named, share not stated)filing
AMZNFLYX—Stated in 10-K (named, share not stated)filing
AAPLSOAR—Stated in 10-K (named, share not stated)filing
AAPLFLYX—Stated in 10-K (named, share not stated)filing
GOOGLSOAR—Stated in 10-K (named, share not stated)filing
GOOGLFLYX—Stated in 10-K (named, share not stated)filing

The interactive money flow: switch views, follow each dollar →

Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.