Volato Group Inc. has reported its second-quarter 2025 financial results, showcasing a notable turnaround from the previous year's performance. The company achieved total revenue of $24.9 million, alongside a gross profit of $3.8 million. This marks a significant improvement in net income, which stood at $3.6 million, reversing a net loss of $16.9 million in Q2 2024. The net income per diluted share was recorded at $0.75, compared to a net loss per diluted share of $14.41 in the same period last year. Additionally, Volato reported an EBITDA of $1.6 million, a marked recovery from an EBITDA loss of $3.4 million in Q2 2024. The company also reported a substantial $19.1 million reduction in total liabilities during the second quarter, enhancing its financial flexibility. Volato's outlook for the remainder of 2025 is optimistic, with management expecting continued profitability in both the third and fourth quarters. The company anticipates incremental revenue and margin from the scheduled delivery of an additional Gulfstream G280 in Q4 2025. In terms of operational updates, Volato's Vaunt™ experiential travel platform continues to expand, adding new operator partners and onboarding more customers each month. This expansion is expected to drive further top-line growth and enhance data-driven insights. Additionally, Volato is preparing for a planned merger with M2i Global, with integration teams focusing on readiness plans across key operational areas and targeting a fourth-quarter 2025 close.