Volato Group Inc. reported a significant increase in total revenue for the year ended December 31, 2024, reaching $39.1 million. This marks a rise of $17.6 million, or 82%, compared to the previous year. The company's revenue growth is primarily attributed to its strategic focus on high-growth areas, including aircraft sales and proprietary software development. As part of its business strategy, Volato Group Inc. continues to benefit from margins on aircraft sales without the associated operational costs and generates additional revenue from its proprietary software, such as the Vaunt platform, a successful empty leg consumer app. In a significant operational update, the company transferred its aircraft lease agreements to flyExclusive in the fourth quarter of 2024, absolving itself of further obligations under these leases and ceasing control over flight operations. Additionally, the sale of GC Aviation, Inc. in March 2025 led to the retroactive classification of GC Aviation's managed aircraft business under discontinued operations.