The mode has three phases: 1) Dogfight against enemy starfighters, 2) Destroy Capital Ships, 3) Destroy the Flagship. The first phase is straightforward, wherein you must use all tactics and techniques learned so far to take down as many TIEs (if you’re Vanguard) or New Republic fighters (if you’re Titan) as possible. The best way to move on to the next phase is to specifically target player-controlled ships, as they net you a greater amount of Morale than the AI ships.
After decimating enough starfighters, you’ll move onto the next phase, which requires you to take down two Capital Ships. Be sure to deplete their shields as fast as possible using Ion-powered weaponry, unloading damage to the hull section using a bomber class vessel when the hull is fully exposed. Remember: in Fleet Battles, you can change ship class at any time, so feel free to switch fighters based on your current objective/strategy.
Finally, after destroying the two Capital Ships, you can focus on the Flagship. The key here is to locate and target specific defenses and subsystems. EA suggests you use Interceptors to take out turrets, Bombers to disable shields, and Fighters to destroy shield generators. Taking down the Flagship is always a challenge, but one you can overcome with good communication.
IGN has posted a helpful video showing how each phase in Fleet Battles works in case you need some visuals:
How Glory and Requisition Work
Squadrons thankfully doesn’t feature any microtransactions, but there are two unique in-game currencies you’ll need to earn to unlock items for your ships. The first, known as Glory, strictly relates to cosmetic items unlockable for both your New Republic and Imperial ships, which never directly affect gameplay. Glory is easily earned by leveling up, though you can accrue a lot more by completing Daily Challenges (found in the main menu) or advancing up your Fleet Battles rank during the game’s Battle Pass-style Operations, which is set to refresh every eight weeks. Earning Glory is worth it, if only for the chance to customize all your ships on the inside and out.