Surf Air Mobility (SRFM) Stock News, May-Jul 2025

Surf Air Mobility (NYSE:SRFM), a regional air mobility platform, has announced its participation in the upcoming Emerging Growth Conference. CEO and COO Deanna White and CFO Oliver Reeves will deliver a presentation on Thursday, July 17, 2025, at 11:30 AM ET. Interested participants can register to attend the conference through the provided link.

Surf Air Mobility (NYSE:SRFM), a regional air mobility platform, has closed its previously announced registered direct offering, raising $27 million through the sale of 10,800,002 shares of common stock at $2.50 per share. The offering also included pre-funded warrants as an alternative to common stock.

H.C. Wainwright & Co. served as the exclusive placement agent. The company plans to use the net proceeds to reduce debt and for general corporate purposes. The offering was conducted under a shelf registration statement previously filed and declared effective by the SEC.

Surf Air Mobility (NYSE:SRFM) has announced a registered direct offering of 10,800,002 shares of common stock at $2.50 per share, aiming to raise approximately $27 million in gross proceeds. The offering includes pre-funded warrants as an alternative to common stock.

The company plans to use the net proceeds to pay down certain indebtedness and for general corporate purposes. H.C. Wainwright & Co. is serving as the exclusive placement agent, with the offering expected to close around June 26, 2025.

Surf Air Mobility (NYSE: SRFM) reported significant progress in the Optimization phase of its four-phase Transformation Plan, focusing on achieving profitability in airline operations. The company achieved record-high reliability metrics, with a 10% increase in controllable completion factor and 21% improvements in both on-time departures and arrivals compared to FY24. Surf Air secured a contract renewal worth approximately $9.9 million in subsidy revenue over four years. The Surf On Demand business has expanded to work with over 425 operators. The company's SurfOS technology implementation has doubled pilot reporting for Flight Risk Assessment Tool reports. These improvements are attributed to new leadership from Southwest, Flexjet, and Amazon Air, along with investments in aircraft refurbishment and new Cessna Caravans. The company plans to enter its Expansion phase in 2026, focusing on new routes and offering SurfOS to third-party customers.

Surf Air Mobility (NYSE: SRFM) has unveiled SurfOS, an AI-enabled operating system for the Air Mobility industry, featuring three flagship products: BrokerOS, OperatorOS, and OwnerOS. Set for commercial release in 2026, these software tools are designed to streamline operations for charter brokers, aircraft operators, and aircraft owners. Powered by Palantir Technologies, SurfOS integrates industry data into a unified platform. BrokerOS focuses on streamlining charter booking processes, OperatorOS optimizes aircraft and crew scheduling, while OwnerOS provides transparency and optimization for aircraft owners. The company has secured beta agreements with eight users and targets markets including the global private jet charter services ($41B by 2029) and private aircraft sales ($40B). The platform is being developed to serve both current aviation needs and future electrified aircraft operations, with the Regional Air Mobility industry projected to reach $75-115B globally by 2035.

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) reported Q1 2025 financial results with revenue of $23.5M, reaching the high end of guidance. The company posted a net loss of $18.5M, improved from $37M loss in the prior year, and an Adjusted EBITDA loss of $14.4M. Scheduled service revenue declined 23% due to unprofitable route eliminations and January service interruption, while On Demand revenue decreased 25%. Key developments include relocating operations center to Dallas/Fort Worth, returning five older aircraft, and launching new SurfOS features. The company secured $5M through a stock offering and entered an interline agreement with Japan Airlines. For Q2 2025, SRFM expects revenue of $23.5M-$26.5M and Adjusted EBITDA loss of $10M-$13M. The company reaffirmed 2025 revenue expectations exceeding $100M and aims to achieve airline operations profitability this year.

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.