Cruise persuaded The Late Late Show host to go on the daring adventure while promoting the movie, a sequel to fighter-pilot action movie, Top Gun, which comes out in cinemas Friday.
The stunt was even more hair-raising than the previous time the pair were filmed jumping out of an aeroplane for Corden’s talk show four years ago.
“I’m very excited that James is doing this,” Cruise said in a 15-minute-long segment that aired in Monday’s episode.
“Was he the first late-night show I asked? Hell, no. He was just the first one, the only one who said yes.”
Corden could be seen looking nervous as the pair undertake Top Gun training in the air for the stunt, with Cruise referring to Corden as ‘Goose’ - a reference to one of the film’s characters.
“You are my Goose,” said Cruise. “When you say I am your Goose, it makes me feel excited and then I realise that Goose dies at the end of the film,” replied Corden.
After finishing the training, Corden told the actor: “The fact that this is your idea of a fun day out shows us how different we are as human beings”.
However, little did the former Gavin and Stacey star know that he would actually be taking to the skies again in a fighter jet the following day - with Cruise saying: “Don’t worry, the next plane has air conditioning”.
In the end Corden, who often drives with celebrities in cars around LA for his Carpool Karaoke segment, appeared to enjoy the adrenaline-inducing flight, singing Kenny Loggins’ Danger Zone.
After they disembarked their last flight, Cruise told his friend: “You can be my wingman, anytime.”
“You know what? I think I’m good,” Corden concluded.