Surf Air Mobility Reports Q1 Revenue of $23.5M and Adjusted EPS of ($1.09), Achieving High End of Guidance Range Despite Challenges

Reuters

2025/05/15

Surf Air Mobility Reports Q1 Revenue of $23.5M and Adjusted EPS of ($1.09), Achieving High End of Guidance Range Despite Challenges

Surf Air Mobility Inc. (NYSE: SRFM) reported its first-quarter results with a revenue of $23.5 million, reaching the high end of its guidance range. Despite experiencing a brief unscheduled downtime and a dip in OnDemand services revenue, the company remained within its revenue and EBITDA guidance. The reported adjusted EBITDA was a loss of $14.4 million. The company is transitioning from its Transformation Phase to its Optimization Phase and anticipates improved profitability through strategic cost reductions and optimizations, particularly in the latter half of fiscal year 2025. A notable development includes an interline agreement with Japan Airlines, marking Surf Air Mobility's first international airline partnership. Additionally, the company has launched a new Jet Card, highlighting its focus on enhancing the end-user experience.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Surf Air Mobility Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 252251) on May 15, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Surf Air Mobility Inc. published the original content used to generate this news brief via Newsfile (Ref. 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