Welcome to our dedicated page for Jet.AI news (Ticker: JTAI), a resource for investors and traders seeking the latest updates and insights on Jet.AI stock.
Jet.AI Inc. (JTAI) operates a leading technology platform for private jet travel, offering jet card solutions and fractional aircraft ownership. This news hub provides investors and industry stakeholders with timely updates on the company’s financial performance, strategic partnerships, and innovations in luxury aviation.
Access verified press releases, earnings announcements, and operational developments in one centralized location. Track key initiatives including aircraft fleet expansions, technology platform upgrades, and market expansion efforts within the private aviation sector.
Discover updates across essential categories: quarterly financial results, executive leadership changes, regulatory filings, and new service launches. Our curated collection ensures efficient monitoring of JTAI’s progress in revolutionizing air charter services through its proprietary booking technology.
Bookmark this page for streamlined access to Jet.AI’s latest corporate communications. Check back regularly to stay informed about critical developments impacting the company’s position in the competitive private aviation market.
Jet.AI, trading under NASDAQ: JTAI, announced its participation in the Maxim Group Virtual TMT Conference on June 4, 2024. The company, known for its advancements in private aviation and AI, will present at 1:30 p.m. ET. The session will feature a fireside chat with Chairman Mike Winston and CEO George Murnane, moderated by Maxim's Senior Research Analyst Allen Klee, covering how emerging growth companies leverage AI for innovation. The event includes a Q&A session and will be accessible via webcast.
Jet.AI (Nasdaq: JTAI) announced a correction to its first quarter financial results for 2024. The original release on May 15, 2024, inaccurately reported raising $16.5 million from Ionic Ventures The updated statement clarifies that the company has entered into a $16.5 million convertible preferred agreement with Ionic Ventures and has so far received $1.5 million. This correction does not affect the company's financials, and the original financial statements remain accurate.
Jet.AI (Nasdaq: JTAI) reported its Q1 2024 financial results, showing a 105% year-over-year revenue increase to $3.8 million. Key revenue drivers included significant increases in Software App and Management and Other Services revenues. The company's net margin improved by 17% points after adjusting for stock option expenses. Jet.AI maintained its cash and cash equivalents at $2.1 million. Operational highlights include the launch of the National Jet Card Program, a partnership with FL3XX for the DynoFlight carbon removal platform, and the introduction of the Reroute AI software tool. The company also added a King Air 350i to its managed fleet and raised $16.5 million through a convertible preferred sale to Ionic Ventures Despite these positive developments, operating losses increased to $3.1 million due to higher professional services and insurance costs.
Jet.AI Inc. announced the launch of its national jet card program, providing private jet services across the continental U.S. with guaranteed rates, availability, and a 48-hour call out. The program features an optional escrow, only 44 peak days, and aims to leverage existing jet card buyers for cross-sales.
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