Welcome to our dedicated page for Surf Air Mobility news (Ticker: SRFM), a resource for investors and traders seeking the latest updates and insights on Surf Air Mobility stock.
Surf Air Mobility Inc (SRFM) is a leader in sustainable regional air travel, pioneering electric aviation solutions to connect communities efficiently. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.
Investors and industry observers will find curated news covering key areas including quarterly earnings reports, technology advancements in electric propulsion, partnership announcements, and regulatory milestones. All content is sourced directly from company communications to ensure accuracy and timeliness.
Regular updates provide insights into SRFM's progress in decarbonizing regional air travel while expanding service networks. Users can track the company's unique position at the intersection of aviation innovation and sustainable transportation.
Bookmark this page for streamlined access to Surf Air Mobility's latest developments. Check back frequently for real-time updates on initiatives shaping the future of eco-conscious air mobility.
Surf Air Mobility (NYSE: SRFM) announced that Co-Founder and Board Member Sudhin Shahani has made a significant insider purchase of 408,163 shares of company stock at market price, totaling approximately $1 million in a private transaction directly with the company.
Shahani expressed confidence in the company's Transformation Plan, noting early positive impacts in improved operations and strengthened core business. The company continues to focus on its Optimization Phase, which includes initiatives to optimize airline operations, recalibrate the On Demand business, and drive efficiencies from SurfOS.
Surf Air Mobility (NYSE: SRFM), a regional air mobility platform, announced its participation in the upcoming Jefferies eVTOL / AAM Summit. The company's CEO and COO Deanna White, along with co-founder Sudhin Shahani, will deliver a presentation at the event on Wednesday, May 28, 2025, at 1:20 PM ET. The summit marks the third annual edition of this industry gathering focused on electric vertical takeoff and landing (eVTOL) and Advanced Air Mobility (AAM) sectors.
Surf Air Mobility (NYSE: SRFM) announced a new interline agreement between its subsidiary Mokulele Airlines and Japan Airlines (JAL). The partnership will enable seamless connectivity between Japan and various Hawaiian airports through Honolulu International Airport (HNL). Mokulele Airlines, Hawaii's largest commuter airline by scheduled departures, will connect JAL passengers to airports including Molokai, Kapalua, Lana'i City, Hana, Waimea-Kohala, and Kailua-Kona.
The agreement facilitates single-ticket issuance, easier itinerary changes, and improved communication for schedule changes. This marks Surf Air Mobility's fifth interline agreement with major carriers, alongside American Airlines, United Airlines, Alaska Airlines, and Hawaiian Airlines, who collectively serve approximately 435 million passengers annually.
Surf Air Mobility (NYSE: SRFM), a regional air mobility platform, has scheduled its first quarter 2025 financial results announcement for May 13, 2025, after market close. The company will host a webcast at 5:00 pm ET on the same day. Investors and interested parties can participate through advance registration online or by dialing in using the provided toll-free and international numbers with Conference ID 4775356.
Surf Air Mobility (NYSE: SRFM) has successfully closed its previously announced registered direct offering, raising $5 million through the sale of 2,000,000 shares of common stock (or pre-funded warrants) at $2.50 per share. H.C. Wainwright & Co. served as the exclusive placement agent for this transaction.
The regional air mobility platform intends to utilize the net proceeds, after deducting placement agent fees and offering expenses, for debt reduction and general corporate purposes. The offering was conducted under a shelf registration statement on Form S-3, which was declared effective by the SEC on March 26, 2025.
Surf Air Mobility (NYSE: SRFM) has announced a $5 million registered direct offering of common stock, pricing 2,000,000 shares at $2.50 per share. The offering includes options for pre-funded warrants in lieu of common stock.
The transaction, expected to close around April 1, 2025, is being facilitated by H.C. Wainwright & Co. as the exclusive placement agent. The company plans to use the net proceeds to reduce certain debt obligations and for general corporate purposes.
The offering is being conducted under a previously filed shelf registration statement on Form S-3, which was declared effective by the SEC on March 26, 2025.
Surf Air Mobility Inc. (NYSE: SRFM) has received coverage initiation from Stonegate Capital Partners. The company reported strong financial results with revenue of $28.0M, adjusted EBITDA of ($6.9M), and adjusted EPS of $1.27.
Notable achievements include exceeding both revenue and EBITDA guidance, driven by significant growth in On Demand service revenue, which increased 39% over Q4 2023 and 28% for FY24 compared to FY23. The company has transitioned from its Transformation Phase to the Optimization Phase, focusing on improving profitability through strategic cost reductions.
Additionally, SRFM secured a $50.0M term loan and extended its secured debt maturity. The company also obtained MOUs from seven customers for the upgrade of approximately 100 aircraft.
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