They fly the beach this weekend, always a good show in a beautiful location. We have several live cams around all the time and if you know how to stream then you can find one that is pointed Gulf side and show the planes.
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From a local paper:

Friday, July 13, is the Pensacola Beach Air Show dress rehearsal, with the civilian acts beginning just before noon and the Blue Angels overhead at 2 p.m., weather depending.
Saturday, July 14, marks the official Pensacola Beach Air Show, and follows exactly Friday’s dress rehearsal schedule:
At 11:30 a.m., the Veteran’s Flight leads off the civilian acts portion of the air show. Organized by Pensacola attorney and pilot Roy Kinsey, about a dozen vintage Stearman bi-plane pilots from all over the Southeast will be flying World War II veterans over Pensacola Beach on Friday and Saturday as a way to pay tribute to them, and give the tens of thousands of beach spectators a glimpse at aviation history.
At 11:45 a.m., the U.S. Coast Guard will enact a SAR helo demo, which involves an out-the-door, search and rescue demonstration of a person in distress from a helicopter hovering overhead.

At noon, pilots Ken Rieder and Jon Thocker with Redline Aerobatic Team take to the skies, in their signature red and black stunt planes, to perform death-defying opposing stunts and inverted maneuvers and formations.

Next up, at 12:15 p.m., watch solo pilot Kevin Coleman push the limits of his bright yellow Extra 300 SHP stunt plane, his body and his mind, to create a visual spectacle like no other over Pensacola Beach.

About 12:35 p.m., solo pilot Gary Ward will zip overhead in his green and purple MX2 aircraft, showcasing an aerobatic act packed with breathtaking maneuvers that range from zero-speed hovers to dives in excess of 250 mph.
At 12:50 p.m., closing out the civilian acts with high-skill passes and jaw-dropping maneuvers, is stunt pilot Skip Stewart in his famous red, white and black-checkered bi-plane, Prometheus.
Following the civilian acts will be a short 30-minute window for spectators to cool off and take a dip in the Gulf before lifeguards clear the waters again in anticipation of the start of the Blue Angels show.
Then, at 2 p.m., look to the Gulf horizon as six signature blue and gold F-18 Super Hornets make their way over Pensacola Beach. For the next 45 minutes, spectators will get a glimpse of aeronautic maneuvers like the Diamond Dirty Loop, the Double Farvel, the Vertical Pitch, the Fleur-de-Lis, the Opposing Knife-Edge pass, and the crowd-favorite Sneak Pass. These are just a few of the mind-blowing displays of choreographed precision flying the Navy’s flight demonstration team has perfected over the past 70 years.

Following the show, when it’s time to pack up and leave, the SRIA would like to remind the public: Please Leave Only Your Footprints Behind! For the safety and enjoyment of all Pensacola Beach visitors and the preservation of the island’s flora and fauna, please take all that you came with and help keep our beach clean.