Volato Group Inc. has announced its financial results for the first quarter of 2025, highlighting a positive shift in its financial performance. The company reported a net income of $0.5 million, a significant improvement from the net loss of $17.4 million recorded in the first quarter of 2024. This translates to a net income per diluted share of $0.03, compared to a net loss per diluted share of $14.93 in the same period last year. Total revenue for the quarter amounted to $25.5 million, primarily driven by aircraft sales. This financial period also saw a gross profit of $4.5 million. Additionally, the company achieved an EBITDA of $2.7 million, contrasting with an EBITDA loss of $4.2 million in the first quarter of 2024. Volato successfully reduced its total liabilities by $23.4 million, bringing them down from $62.6 million at the end of 2024 to $39.2 million by March 31, 2025, primarily through disciplined debt reduction and asset sales. Looking ahead, Volato aims to sustain profitability in the second and fourth quarters of 2025, with a projected negative outcome in the third quarter due to aircraft delivery timing. The company plans to raise approximately $8.0 million in outside capital to further address short-term liabilities and extend its operational runway. Additionally, Volato continues to see positive momentum from its experiential travel platform, Vaunt, which is at cash flow breakeven and is expected to achieve full-year profitability in 2025.