Canaccord Genuity upgraded Surf Air Mobility from Hold to Buy and set a new price target of $3.25

Canaccord Genuity downgraded Surf Air Mobility from Buy to Hold and set a new price target of $1.00 from $2.50 previously

Piper Sandler initiated coverage of Surf Air Mobility with a rating of Overweight and set a new price target of $4.00

Canaccord Genuity initiated coverage of Surf Air Mobility with a rating of Buy and set a new price target of $3.00

Bernstein initiated coverage of Surf Air Mobility with a rating of Outperform

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Company has achieved record-high scheduled airline reliability. Surf Air Mobility Inc. (NYSE:SRFM) ("the Company", "Surf Air Mobility"), a leading regional air mobility platform, today announced key progress within the second phase of the Company's four-phase Transformation Plan. The Optimization phase is focused on operational improvements and internal SurfOS™ technology deployment to achieve profitability in the Company's airline operations this year, defined as positive Adjusted EBITDA. Recent Optimization phase key achievements include: Optimize airline operations (Southern Airways and Mokulele Airlines) Steadily improved controllable completion factor1 over the past several mo

Unveils BrokerOS, OperatorOS, and OwnerOS: a unified, AI-enabled software platform to make the Air Mobility industry more efficient, reliable, and profitable. Software tools are being designed to serve the current regional aviation industry while laying the foundation for the future Air Mobility customer landscape. Surf Air Mobility Inc. (NYSE:SRFM) ("the Company", "Surf Air Mobility"), a leading regional air mobility platform, today unveiled the three flagship software products of the Company's SurfOS AI-enabled operating system scheduled for broad commercial release in 2026. BrokerOS, OperatorOS, and OwnerOS are purpose-built to address the needs of charter brokers, aircraft operators

Co-Founder and Member of the Board, Sudhin Shahani, purchased over 400,000 shares of Surf Air Mobility Inc. Common stock at market price Surf Air Mobility Inc. (NYSE:SRFM) ("the Company", "Surf Air Mobility"), a leading regional air mobility platform, announced that Co-Founder and Member of the Board, Sudhin Shahani, purchased 408,163 shares of the Company's common stock at the market price, for a purchase price of approximately $1 million, directly from the Company in a private transaction. Mr. Shahani said: "Our Transformation Plan is already having an early impact. We've improved operations and strengthened the core business. I'm confident in our experienced leadership team's continu

Surf Air Mobility Inc. (NYSE:SRFM) ("Surf Air Mobility"), a leading regional air mobility platform, today announced that CEO and COO Deanna White and co-founder Sudhin Shahani will present at the Jefferies eVTOL / AAM Summit on Wednesday, May 28, 2025, at 1:20 PM ET. About Surf Air Mobility Surf Air Mobility is a Los Angeles-based regional air mobility platform and one of the largest commuter airlines in the U.S. by scheduled departures. It is also the largest U.S. passenger operator of Cessna Caravans. In addition to its airline operations and On Demand charter services, Surf Air Mobility is developing an AI-powered software platform for the Regional Air Mobility industry. The company is

Interline flights will connect the large air travel market between Japan and Hawaii by expanding direct flight access for Japan Airlines passengers to more Hawaiian airports. Mokulele Airlines is an airline subsidiary brand of Surf Air Mobility. Surf Air Mobility Inc. (NYSE:SRFM) (the "Company" or "Surf Air Mobility"), a leading regional air mobility platform, today announced that Mokulele Airlines will launch a new interline agreement with Japan Airlines ("JAL"), a leading Japanese airline. This interline agreement expands direct flight connectivity between Japan and Hawaii via Mokulele Airlines, a subsidiary airline brand of Surf Air Mobility. Mokulele Airlines is the largest commuter a

Surf Air Mobility Inc. (NYSE:SRFM) ("Surf Air Mobility"), a leading regional air mobility platform, today announced that it will release its first quarter 2025 financial results after market close on Tuesday, May 13, 2025, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here or can find a link on the ‘Events & Presentations' section of our investor relations website. Alternatively, listeners may dial into the call as follows: North America - Toll-Free (800) 715-9871 International (Toll) - (646) 307-1963 Conference ID: 4775356 About Surf Air Mobility Surf Air Mobility is a Los Angeles-based regional air mobility plat

Surf Air Mobility Inc. (NYSE:SRFM) (the "Company"), a leading regional air mobility platform, closed on the previously announced purchase and sale of 2,000,000 shares of common stock (or pre-funded warrants in lieu thereof) at a purchase price of $2.50 per share (or pre-funded warrant in lieu thereof) in a registered direct offering. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering. The gross proceeds to the Company from the offering were approximately $5 million, before deducting the placement agent's fees and other offering expenses payable by the Company. The Company currently intends to use the net proceeds from the offering to pay down certain indebtednes

Surf Air Mobility Inc. (NYSE:SRFM) (the "Company"), a leading regional air mobility platform, announced today that it has entered into definitive agreements for the purchase and sale of 2,000,000 shares of common stock (or pre-funded warrants in lieu thereof) at a purchase price of $2.50 per share (or pre-funded warrant in lieu thereof) in a registered direct offering. The offering is expected to close on or about April 1, 2025, subject to the satisfaction of customary closing conditions. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. The gross proceeds to the Company from the offering are expected to be $5 million, before deducting the placement agent'

Fourth Quarter Revenue of $28.05 Million Rose 5% Compared with Revenue of $26.8 Million in the Prior Year, Exceeding Expectations of $25 - $28 Million Fourth Quarter Adjusted EBITDA Loss of $6.9 Million Improved by $11.5 Million, or 63%, Versus the Prior Year, Within the Guidance Range of $5 - $8 Million Full Year Revenue of $119.4 Million Rose 6% Compared with Pro Forma Revenue of $112.9 Million in the Prior Year Full Year Adjusted EBITDA Loss of $44.1 Million Improved by $6.8 Million, or 13%, Versus the Prior Year on a Pro-Forma Basis Company Launched SurfOS with Six Beta Users Surf Air Mobility Inc. (NYSE:SRFM) (the "Company"), a leading regional air mobility platform, today reporte

Surf Air Mobility Inc. (NYSE:SRFM) ("the Company"), a leading regional air mobility platform, today announced that it will release its fourth quarter and year end 2024 financial results after market close on Tuesday, March 18, 2025, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here or can find a link on the ‘Events & Presentations' section of our investor relations website. Alternatively, listeners may dial into the call as follows: North America - Toll-Free (800) 715-9871 International (Toll) - (646) 307-1963 Conference ID: 4775356 About Surf Air Mobility Surf Air Mobility is a Los Angeles-based regional air mob

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Surf Air Mobility Inc. (NYSE:SRFM) ("the Company" or "Surf Air Mobility"), a leading regional air mobility platform, today announced the appointment of two new key positions to the Company's air mobility team. Bob Waltz has joined Surf Air Mobility as the Vice President of Flight Operations, effective March 1, 2025. Linda MacAskill has joined Surf Air Mobility as the Director of System Operations Center, effective December 1, 2024. Both Captain Waltz and Mrs. MacAskill will be located at Surf Air Mobility's new air operations center ("AOC") in Addison, TX, a suburb of Dallas, where the Company is actively hiring, including positions in Maintenance, Safety & Regulatory Compliance, Finance

Mr. Anderman previously served as General Counsel of SpaceX and COO/General Counsel of Lucasfilm Ltd. Surf Air Mobility Inc. (NYSE:SRFM) ("the Company","Surf Air"), a leading regional air mobility platform, announced the appointment of David Anderman to the Company's board of directors effective December 17, 2024. Mr. Anderman served as Chief Legal Officer of Surf Air from June 2023 to May 2024. Mr. Anderman currently serves as the Co-Founder and General Partner of Stellar Ventures, a venture fund investing in the next generation of space entrepreneurs. Mr. Anderman was General Counsel of SpaceX from June 2019 to December 2020, during which time he supported the launch of satellite inte

Saint-Cyr will oversee air operations for Mokulele Airlines, the Hawai'i-based subsidiary of Surf Air Mobility Surf Air Mobility Inc. (NYSE:SRFM) ("Surf Air Mobility","Surf Air","the company"), a leading regional air mobility platform, announced today the appointment of Louis Saint-Cyr, an experienced senior leader in airline operations, to the position of President of Hawai'i Operations. As President of Hawaii Operations, Mr. Saint-Cyr will oversee the entirety of Surf Air Mobility's travel brand, Mokulele Airlines ("Mokulele"), including the air operations, safety and compliance, airport management, guest experience, state and local government relations, and community engagement. Mr

Deanna White, former CFO, will become Chief Operating Officer and interim CEO, Stan Little to assume role of "Founder" Q1 2024 Revenue of $30.6 million, up 9.5% Year-Over-Year on a Pro Forma Basis, Beats Guidance Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, today reported its first quarter 2024 results. Please visit the Surf Air Mobility investor relations website at investors.surfair.com for more information and to listen to the accompanying earnings call. CEO Transition: Surf Air Mobility Inc. today announced that Southern Airways founder and current Surf Air CEO Stan Little will transition to a "Founder's" role. Former CFO and current Senior Advis

Bryce Van promoted to Chief Accounting Officer; Deanna White to become Senior Advisor Surf Air Mobility Inc. (NYSE:SRFM), the air mobility platform transforming regional flying through electrification, today announced that Oliver Reeves will join the Company as Chief Financial Officer. Mr. Reeves will lead the Company's financial and capital markets strategies leveraging his nearly two decades of experience in the investment management, enterprise technology, and insurance industries. He will start his new role in January, 2024. Mr. Reeves recently worked at Xinuos, Inc., where he served as the Chief Strategy Officer since 2019. "We are very pleased to have Oliver join us on our journey

Surf Air Mobility Inc. (NYSE:SRFM) ("Surf Air Mobility"), a leading regional air mobility platform, today announced that it will release its first quarter 2025 financial results after market close on Tuesday, May 13, 2025, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here or can find a link on the ‘Events & Presentations' section of our investor relations website. Alternatively, listeners may dial into the call as follows: North America - Toll-Free (800) 715-9871 International (Toll) - (646) 307-1963 Conference ID: 4775356 About Surf Air Mobility Surf Air Mobility is a Los Angeles-based regional air mobility plat

Fourth Quarter Revenue of $28.05 Million Rose 5% Compared with Revenue of $26.8 Million in the Prior Year, Exceeding Expectations of $25 - $28 Million Fourth Quarter Adjusted EBITDA Loss of $6.9 Million Improved by $11.5 Million, or 63%, Versus the Prior Year, Within the Guidance Range of $5 - $8 Million Full Year Revenue of $119.4 Million Rose 6% Compared with Pro Forma Revenue of $112.9 Million in the Prior Year Full Year Adjusted EBITDA Loss of $44.1 Million Improved by $6.8 Million, or 13%, Versus the Prior Year on a Pro-Forma Basis Company Launched SurfOS with Six Beta Users Surf Air Mobility Inc. (NYSE:SRFM) (the "Company"), a leading regional air mobility platform, today reporte

Surf Air Mobility Inc. (NYSE:SRFM) ("the Company"), a leading regional air mobility platform, today announced that it will release its fourth quarter and year end 2024 financial results after market close on Tuesday, March 18, 2025, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here or can find a link on the ‘Events & Presentations' section of our investor relations website. Alternatively, listeners may dial into the call as follows: North America - Toll-Free (800) 715-9871 International (Toll) - (646) 307-1963 Conference ID: 4775356 About Surf Air Mobility Surf Air Mobility is a Los Angeles-based regional air mob

$50 Million Term Loan Secured to Fund Transformation Plan and Path to Profitability Revenue of $28.4 Million as Compared with Revenue of $28.9 Million on a Pro Forma Basis in the Prior Year, Exceeding Expectations of $25 - $28 Million Adjusted EBITDA Loss of $8.9 Million, Flat as Compared to Prior Year on a Pro Forma Basis, Exceeding Expectations of a Loss of $10 - $13 Million Surf Air Mobility Inc. (NYSE:SRFM) (the "Company"), a leading regional air mobility platform, today reported financial results for the third quarter ended September 30, 2024. "The financial results for the third quarter demonstrate our continued progress on our transformation plan. We are rightsizing our air m

Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, today announced that it will release its third quarter 2024 financial results after market close on Thursday, November 14, 2024, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here or can find a link on the ‘Events & Presentations' section of our investor relations website. Alternatively, listeners may dial into the call as follows: North America - Toll-Free (800) 715-9871 International (Toll) - (646) 307-1963 Conference ID: 4775356 About Surf Air Mobility Surf Air Mobility, headquartered in Los Angeles, is a pioneering regional air mobil

Revenue of $32.4 million, up 13.2% Year-Over-Year on a Pro Forma Basis, Exceeding Expectations Adjusted EBITDA Loss of $11.8 million as Compared with a Loss of $11.1 Million on a Pro Forma Basis in the Prior Year, Materially Outperforming Expectations Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, today reported financial results for the second quarter ended June 30, 2024. "Our financial results for the second quarter demonstrate strong execution by the Surf Air Mobility team. Revenue exceeded our expectations and Adjusted EBITDA was materially higher than our initial plan. We remain focused on executing our strategy and on our unwavering commitment to e

Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, today announced that it will release its second quarter 2024 financial results after market close on Wednesday, August 14, 2024, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here or can find a link on the ‘Events & Presentations' section of our investor relations website. Alternatively, listeners may dial into the call as follows: North America - Toll-Free (800) 715-9871 International (Toll) - (646) 307-1963 Conference ID: 4775356 About Surf Air Mobility Surf Air Mobility, headquartered in Los Angeles, is a pioneering regional air m

WEST LAFAYETTE, IN, May 14, 2024 (GLOBE NEWSWIRE) -- Purdue University Airport (LAF) enters a new era on May 15th as it launches the first commercial air service since 2004, offering 4 weekly round-trip flights from West Lafayette to Chicago O'Hare (ORD). In addition, construction will soon begin on the new, $11.8 million, approximately 9,400-square-foot Amelia Earhart Terminal.   But LAF's proximity to Purdue University means it's uniquely situated to address critical needs throughout the aviation industry. Beyond commercial air service, the airport is also a living lab, full of opportunities for Indiana's second-busiest airport to supercharge the spheres of aviation, logistics and conn

Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, today announced that it will release their first quarter 2024 financial results after market close on Tuesday, May 14, 2024, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here, or can find a link on the ‘Events & Presentations' section of our investor relations website. A replay of the call will also be available online for 21 days following the call. About Surf Air Mobility Surf Air Mobility, headquartered in Los Angeles, is a pioneering regional air mobility platform dedicated to transforming regional air travel through electrificati

Full year 2023 GAAP revenue of $60.5 million and Pro Forma revenue of $112.9 million, up 12% year-over-year, beating 2023 guidance. Full year 2023 GAAP Net Loss of $(250.7) million and Pro Forma Net Loss of $(185.0) million, which includes investment in R&D for electrification and software, stock-based compensation, impairments, transaction costs and other non-recurring items. Full Year 2023 Pro Forma Adjusted EBITDA of $(50.9) million, achieving 2023 guidance. Surf Air Mobility is providing unaudited pro forma results for the fourth quarter and year to date period ended December 31, 2023, which assumes the acquisition of Southern Airways closed as of the beginning of 2022. Surf