Surf Air Mobility Inc. reported its financial results for the first quarter of 2025, achieving revenue of $23.5 million, which is at the high end of its guidance range of $21.0 million to $24.0 million. The company reported a first-quarter adjusted EBITDA loss of $14.4 million, within its guidance range of a loss between $12 million and $15 million. The company noted a 23% decrease in scheduled service revenue, primarily due to the elimination of unprofitable routes and a brief service interruption in January. Additionally, On Demand service revenue decreased by 25% as Surf Air Mobility continues to focus on charter profitability. For the full year 2025, the company reaffirms its expectation that revenues will exceed $100 million with airline operations achieving profitability. It is exiting unprofitable scheduled routes and prioritizing profitability over revenue growth. The company also provided second-quarter 2025 revenue guidance in the range of $23.5 million to $26.5 million, reflecting its focus on profitability for the On Demand business. Key operational updates include redesigning pilot pay, investing in fleet refurbishment, and launching modules of its SurfOS operating system to drive efficiencies.