Avelo Airlines Announces Capital Raise to Fund Next Phase of Growth

HOUSTON, Texas. Sept. 8, 2025 — Avelo Airlines, America’s ultra-convenient low-fare airline, today announced it has closed on a new round of significant growth capital to support its continued expansion across the United States and the Caribbean.

This financing round represents the single largest investment in Avelo Airlines since the company’s initial Series A funding. This investment from a new partner underscores strong confidence in Avelo’s differentiated business model and track record since the airline’s launch in 2021. The proceeds will be used to fund growth in its scheduled service operation, make targeted technology investments, and enhance the overall Customer experience.

Avelo Airlines Founder and CEO Andrew Levy said, “Today marks another important milestone for Avelo. This new capital strengthens our liquidity position and positions us to continue delivering reliable, affordable travel options to millions of Customers who are underserved by other carriers. This investment comes at a pivotal time in the domestic airline industry and will allow Avelo to double down on an addressable market that is too often being priced out by higher fare airlines.”

Avelo recently closed the books on July, representing the company’s fourth fully allocated profit over the last five months, following approximately breakeven operating income in 2024 with no special items and no sale leaseback proceeds. Avelo’s core margins and cash position continue to improve organically, driven by revenue diversification initiatives and market maturation in our scheduled service operation. Later this year Avelo expects to launch a unique loyalty program, a co-branded credit card, and other third-party ancillary revenue initiatives that have proven value to airline profitability.