PROOF Acquisition Corp I - PACIU STOCK NEWS

Volato Group, a leading private aviation company and the largest HondaJet operator in the US, reported its Q1 2024 results. Total revenue was $13.2 million, with aircraft usage revenue rising 72% to $11.5 million. However, total revenue decreased 16% due to no aircraft deliveries. The net loss increased by 131% to $17.4 million, with an adjusted EBITDA loss of $13.1 million.

The company grew flight hours by 39% and improved blended yield by 8% YoY. Volato also secured $14.5 million in new financing and is implementing cost-saving measures to reduce SG&A expenses by $3 million per quarter. Despite OEM delivery delays, the company expects to receive 10-12 new aircraft in FY 2024 and forecasts positive gross margin and EBITDA by Q4 2024.

Volato Group, Inc. (NYSE American: SOAR) will attend the Sidoti Micro Cap Virtual Conference with CEO Matt Liotta and CFO Mark Heinen presenting on May 8 - 9, 2024. They will discuss Volato's private aviation services and HondaJet operations. Investors can schedule one-on-one meetings and access the webcast through Volato's Investor Relations website.

Vaunt, a platform for connecting travelers to private flights, achieved its first cash-positive month in March, reaching $500,000 in annual recurring revenue. Launched in Q4 2023, Vaunt has 25,000+ registered users and addresses the issue of empty-leg flights in the private aviation industry. The success is attributed to consumer enthusiasm and rapid growth, showcasing the potential of technology to make private aviation more accessible. Vaunt's subscription model charges $995 annually, offering unlimited empty-leg flights for users.

Volato Group, Inc. (NYSE American: SOAR) reported key performance indicators (KPIs) for Q1 2024, showing growth in flight hours, optimized demand mix, and strong blended yield despite winter weather. The company aims to enhance customer experience and operational efficiency.

Volato Group, Inc. (NYSE American: SOAR) achieves an outstanding Net Promoter Score (NPS) of 88 for 2023, showcasing a strong commitment to customer satisfaction and continuous improvement. The high NPS score reflects Volato's dedication to delivering exceptional customer experiences, transparency, and the importance of customer feedback in refining business operations. Volato's partnership with SmartSky to enhance inflight connectivity and the launch of a mobile app based on customer feedback demonstrate the company's proactive approach to meeting customer needs and expectations.

Volato Group, Inc. (SOAR) reports fourth quarter and full-year financial results for 2023, showcasing increased revenue and fleet expansion. Despite a net loss and adjusted EBITDA loss, the company highlights growth in aircraft usage revenue and operational achievements.

Volato Group, Inc. (SOAR) will report Q4 and full year results on March 26, 2024. The largest HondaJet operator in the US will discuss financial performance in a conference call. Interested parties can access the call via phone or webcast.

Volato Group, Inc. (NYSE American: SOAR) launches a customer-designed mobile app to enhance customer experiences in private aviation. The app offers personalized travel experiences, streamlined booking, access to exclusive discounts, and real-time financial transaction tracking.

Volato Group, Inc. (NYSE American: SOAR) announces participation in upcoming conferences with CEO Matt Liotta at J.P. Morgan Industrials Conference and Roth Conference. Live webcast available for Roth conference.