Surf Air Mobility Inc

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Surf Air Mobility exceeds Q3 expectations, eyes profitable growth

Surf Air Mobility's Q3 performance exceeded expectations, driven by strategic initiatives and financial restructuring.
While challenges in achieving sustained profitability persist, the company's focus on operational optimization and revenue diversification presents growth opportunities.
With a strong balance sheet and ongoing transformation efforts, Surf Air Mobility is poised for profitable growth and market expansion in the coming years.

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Surf Air Mobility, Inc. operates as an electric aviation and air travel company. The company was founded by Sudhin Shahani and Liam Fayed in 2021 and is headquartered in Hawthorne, CA.

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“the Company”,“Surf Air”), a leading regional air mobility platform, announced the appointment of David Anderman to the Company's board of directors effective December 17, 2024. Mr. Anderman served as Chief Legal Officer of Surf Air from June 2023 to May 2024. Mr. Anderman currently serves as the Co-Founder and General Partner of Stellar Ventures, a venture fund investing in the next generation of space entrepreneurs. Mr. Anderm.

Surf Air Mobility Appoints David Anderman to Board of Directors

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (the “Company” or “Surf Air”), a leading regional air mobility platform, announced today that it anticipates reducing potential future equity dilution by approximately 90%. As part of its new financing strategy, with increased reliance on debt versus equity financing, the Company plans to amend the registration statement associated with its share subscription facility with GEM Global Yield LLC (“GEM”). The anticipated amendment,.

Surf Air Mobility Announces Approximately 90% Reduction to Contemplated Future Equity Dilution

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“the Company”, “Surf Air”), a leading regional air mobility platform, announced today it has appointed Deanna White to the position of Chief Executive Officer & Chief Operating Officer, after having served as the Company's Interim CEO & COO since May 2024. Ms. White also previously served as Surf Air Mobility's Chief Financial Officer from May 2022 to December 2023. “Deanna's clear vision of the company's future and her.

Deanna White Appointed as Surf Air Mobility's Chief Executive Officer

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air”), a leading regional air mobility platform, announced today it has taken delivery of four Cessna Grand Caravan EX turboprop aircraft from Textron Aviation. These four aircraft are the first deliveries of Surf Air's previously announced fleet order with Textron Aviation. Surf Air is financing two of these aircraft through operating leases with ITC-AeroLeasing, Inc., an existing aircraft financing partner for Surf Air a.

Surf Air Mobility Accepts Delivery of Initial Four Cessna Grand Caravan EX Aircraft in Fleet Order from Textron Aviation

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“the Company”,“Surf Air”), a leading regional air mobility platform, announced last week its four-phase Transformation Plan and a $50 million term loan that positions the Company to achieve profitability in its airline operations. Today, the Company is announcing that it has posted details about its Transformation Plan and a new investor presentation on the Events & Presentations page of the Company's investor website here.

Surf Air Mobility Unveils Four-Phase Transformation Plan and Updated Investor Presentation

Surf Air Mobility Inc. (NYSE:SRFM ) Q3 2024 Earnings Conference Call November 14, 2024 5:00 PM ET Company Participants Deanna White - Chief Operating Officer and Interim Chief Executive Officer Oliver Reeves - Chief Financial Officer Sudhin Shahani - Co-Founder Conference Call Participants Ben Johnson - Piper Sandler Austin Moeller - Canaccord Genuity Operator Good afternoon, ladies and gentlemen. Thank you for standing by.

Surf Air Mobility Inc. (SRFM) Q3 2024 Earnings Conference Call Transcript

Surf Air Mobility Inc. (SRFM) came out with a quarterly loss of $0.94 per share versus the Zacks Consensus Estimate of a loss of $1.05. This compares to loss of $6.44 per share a year ago.

Surf Air Mobility Inc. (SRFM) Reports Q3 Loss, Tops Revenue Estimates

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (the “Company”), a leading regional air mobility platform, today reported financial results for the third quarter ended September 30, 2024. “The financial results for the third quarter demonstrate our continued progress on our transformation plan. We are rightsizing our air mobility operations, implementing new processes, driving improved efficiency and repositioning our air mobility operations for sustained profitability,” said.

Surf Air Mobility Reports Third Quarter Financial Results, Exceeding Revenue and Adjusted EBITDA Expectations

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“the Company”), a leading regional air mobility platform, today announced the closing and funding of its new Senior Secured Term Loan from Comvest Partners, a multi-billion-dollar investment management firm. The new facility is comprised of (i) a $44.5 million term loan, which was fully funded today, and (ii) a $5.5 million delayed draw term loan to be used for interest payments over the first 18 months. Oliver Reeves, Chief Fin.

Surf Air Mobility Secures $50 Million Financing to Fund Transformation Plan and Path to Profitability

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM), a leading regional air mobility platform, today announced that it will release its third quarter 2024 financial results after market close on Thursday, November 14, 2024, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here or can find a link on the ‘Events & Presentations' section of our investor relations website. Alternatively, listeners may dial into.

Surf Air Mobility to Announce Third Quarter 2024 Financial Results on November 14, 2024

Amid the massive success of Palantir (NYSE: PLTR), whose stock has steadily grown this year, with some analysts even saying it is starting to look “very expensive,” the big data software manufacturer made a large investment in an air transportation company, driving up the price of its shares.

This stock skyrockets upon massive Palantir investment

Palantir Technologies

On October 2, 2024, Palantir Technologies Inc. (Trades, Portfolio), a prominent data analytics firm, made a significant addition to its investment portfolio by acquiring 1,270,869 shares of Surf Air Mobility Inc. (SRFM, Financial). This transaction increased Palantir's total holdings in the company to 2,730,166 shares, marking a substantial endorsement of Surf Air Mobility's business model and future prospects.

Palantir Technologies Inc. Expands Stake in Surf Air Mobility Inc.

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM), a leading regional air mobility platform, today announced that it received an Acceptance Letter from the NYSE's Listings Operations Committee, dated August 20, 2024, stating that the NYSE has accepted the Company's previously submitted plan to regain compliance with the NYSE's listing standards. In the Acceptance Letter, the NYSE confirmed that the Company has until November 20, 2025 to regain compliance with the continued listi.

Surf Air Mobility Announces NYSE Acceptance of Plan to Regain Listing Compliance

Surf Air Mobility Inc. (NYSE:SRFM ) Q2 2024 Earnings Conference Call August 14, 2024 5:00 PM ET Company Participants Deanna White – Chief Operating Officer and Interim Chief Executive Officer Oliver Reeves – Chief Financial Officer Conference Call Participants Austin Moeller – Canaccord Genuity Operator Thank you for standing by. At this time, I would like to welcome everyone to today's Surf Air Mobility Second Quarter 2024 Earnings Call.

Surf Air Mobility Inc. (SRFM) Q2 2024 Earnings Call Transcript

Surf Air Mobility Inc. (SRFM) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $3.14 per share a year ago.

Surf Air Mobility Inc. (SRFM) Reports Q2 Loss, Tops Revenue Estimates

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM), a leading regional air mobility platform, today reported financial results for the second quarter ended June 30, 2024. “Our financial results for the second quarter demonstrate strong execution by the Surf Air Mobility team. Revenue exceeded our expectations and Adjusted EBITDA was materially higher than our initial plan. We remain focused on executing our strategy and on our unwavering commitment to expand our footprint and lea.

Surf Air Mobility Reports Second Quarter Financial Results, Exceeding Expectations

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility (NYSE: SRFM) (“Surf Air Mobility”, “Surf Air”), a leading regional air mobility platform, has announced that it intends to form Surf Air Technologies LLC (“Surf Air Technologies”), a new venture that will develop, market, and sell AI-powered software tools to create a category-defining operating system for the advanced air mobility industry. Surf Air Technologies' core platform, “SurfOS”, will be powered by Palantir Technologies (NYSE: PLTR) (“Pal.

Surf Air Mobility Announces Plan to Form New Venture, Surf Air Technologies LLC, and Enters Agreement with Palantir Technologies Inc. to Power Operating System for the Advanced Air Mobility Industry

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility,” “we,” or “the Company”) announced today the terms of the Company's previously disclosed reverse stock split (the “Reverse Split”). Authorization for the Reverse Split was approved by stockholders at Surf Air Mobility's Annual Meeting on June 25, 2024. On August 8, 2024, the Board of Directors selected a Reverse Split ratio of 1-for-7 shares (the “Split Ratio”) pursuant to the authorization approved by stockh.

Surf Air Mobility Announces Terms of Reverse Stock Split

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (the “Company”), a leading regional air mobility platform, today announced that it closed the previously announced issuance and sale to GEM of a mandatory convertible security (the “Security”). The Security has a par amount of $35.2 million and is convertible into a maximum of 8,000,000 shares of the Company's common stock. The Company, in consultation with its board of directors, agreed to the sale of the Security to GEM with ob.

Surf Air Mobility Announces Closing of $35.2 Million Mandatory Convertible Security with GEM Global Yield LLC

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM), a leading regional air mobility platform, today announced that it will release its second quarter 2024 financial results after market close on Wednesday, August 14, 2024, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here or can find a link on the ‘Events & Presentations' section of our investor relations website. Alternatively, listeners may dial into.

Surf Air Mobility to Provide Second Quarter 2024 Financial Results on August 14, 2024

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”,“Surf Air”,“the company”), a leading regional air mobility platform, announced today the appointment of Louis Saint-Cyr, an experienced senior leader in airline operations, to the position of President of Hawai'i Operations. As President of Hawaii Operations, Mr. Saint-Cyr will oversee the entirety of Surf Air Mobility's travel brand, Mokulele Airlines (“Mokulele”), including the air operations, safety and co.

Louis Saint-Cyr to Become President of Hawai'i Operations for Surf Air Mobility

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”, “Surf Air”, “the company”), a leading regional air mobility platform, announced today that Jim Sullivan, an experienced airline executive and former airline captain, will become President of Air Mobility starting July 15th. Mr. Sullivan has recently served as Interim CEO and COO of Lynx Air, a Canadian commercial airline. He has also served as Vice President of Flight Operations at both JetBlue Airways and F.

Jim Sullivan, Airline Executive, to Become President of Air Mobility for Surf Air Mobility

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”, “Surf Air”), a leading regional air mobility platform, has entered into a memorandum of understanding with Asta Linhas Aéreas (“Asta”), a Brazil-based regional air operator specializing in tourist, corporate, and cargo charter service, to upgrade, initially, up to 4 of Asta's Cessna Grand Caravan aircraft with Surf Air's proprietary electrified powertrain technology once certified. “We're excited to expand S.

Surf Air Mobility Enters Agreement to Supply Electric Powertrains to Asta, a Brazilian Cessna Caravan Operator

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”,“Surf Air”), a leading regional air mobility platform, announced today its participation at Palantir Technologies (“Palantir”) AIPCon June 2024 on June 6th. Surf Air's CTO will be leading a workshop showcasing the use of Palantir's AI platform in novel ways for the regional air mobility market. Surf Air has been working with Palantir since 2021 to develop the software tools for the Part 135 regional air opera.

Surf Air Mobility Presents at Palantir Technologies AIPCon June 2024

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air”), a leading regional air mobility platform, through its subsidiary airline, Southern Airways (“Southern”), officially began Williamsport's only scheduled commuter service on Thursday, May 23, 2024 with a flight between Williamsport Regional Airport (IPT) and Washington Dulles International Airport (IAD). Via Washington Dulles, passengers can connect to hundreds of worldwide destinations including Orlando, Los Angeles,.

Surf Air Mobility and Williamsport, Pennsylvania, Officially Begin Subsidized Commuter Air Service Between Williamsport Regional Airport (IPT) and Washington Dulles International Airport (IAD)

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