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Volato Group Inc-A - SOAR STOCK NEWS

Welcome to our dedicated page for Volato Group Inc-A news (Ticker: soar), a resource for investors and traders seeking the latest updates and insights on Volato Group Inc-A stock.

Volato Group, Inc. (symbol: SOAR) operates within the private aviation sector, offering a variety of services aimed at making luxury air travel more accessible and efficient. The company's core business includes an aircraft ownership program, ad-hoc charter flights, the sale of deposit products, and comprehensive aircraft management for private owners.

Volato's fractional ownership program is one of its standout services. This program is notable for its flexibility, providing owners with customizable flight hours and a revenue-sharing model. This is particularly advantageous for clients who utilize the fleet of HondaJets for missions accommodating up to four passengers. These jets are optimized for efficiency, offering both comfort and cost-effectiveness for short-haul trips.

In addition to fractional ownership, Volato offers managed aircraft services, ensuring that aircraft owners' investments are maintained to the highest standards. The company's jet card and deposit programs provide additional flexibility and convenience for frequent flyers, enabling them to pre-purchase flight hours at competitive rates.

Volato has recently achieved significant milestones, including the expansion of its fleet and the enhancement of its service offerings. The company is financially sound, focusing on sustainable growth and innovation within the private aviation industry. It has also formed strategic partnerships to broaden its reach and enhance the value provided to its clientele.

Overall, Volato Group, Inc. stands out in the private aviation market with its commitment to flexibility, efficiency, and customer-centric services, making it a noteworthy entity for investors and clients alike.

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Volato, a prominent private aviation company and largest HondaJet operator in the U.S., has appointed Luis Garcia as Executive Vice President of Sales. Garcia brings over 19 years of expertise in private aviation sales and operations. His previous roles include Senior Vice President of Sales at Wheels Up and Starbase Jet, where he excelled in membership generation and team development. At Volato, he will drive nationwide sales, enhance market awareness, and expand the sales team as the company receives new HondaJets and Gulfstream G280s. Volato’s CEO, Matt Liotta, emphasized Garcia’s alignment with the company’s modern, customer-focused approach.

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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.

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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.

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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.
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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.
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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.
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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.
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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.
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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.
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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.
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FAQ

What is the current stock price of Volato Group Inc-A (soar)?

The current stock price of Volato Group Inc-A (soar) is $2.21 as of February 28, 2025.

What is the market cap of Volato Group Inc-A (soar)?

The market cap of Volato Group Inc-A (soar) is approximately 4.1M.

What services does Volato Group, Inc. provide?

Volato offers aircraft ownership programs, ad-hoc charter flights, deposit products, and aircraft management services.

What is Volato's fractional ownership program?

Volato's fractional ownership program provides flexible flight hours and a revenue-sharing model for owners, using a fleet of HondaJets for missions up to four passengers.

How does Volato manage aircraft for private owners?

Volato ensures high-standard maintenance and management of privately owned aircraft, offering comprehensive services to aircraft owners.

What are jet cards and deposit programs offered by Volato?

Volato's jet cards and deposit programs allow frequent flyers to pre-purchase flight hours at competitive rates, offering flexibility and convenience.

What recent achievements has Volato Group, Inc. made?

Volato has expanded its fleet and enhanced its service offerings, focusing on sustainable growth and forming strategic partnerships.

What type of aircraft does Volato's fleet primarily consist of?

Volato's fleet primarily consists of HondaJets, optimized for efficient and comfortable missions for up to four passengers.

Is Volato Group, Inc. financially sound?

Yes, Volato Group, Inc. is financially sound and focuses on sustainable growth within the private aviation industry.

Who would benefit most from Volato's services?

Frequent flyers, private aircraft owners, and clients seeking flexible, efficient, and cost-effective private aviation solutions would benefit most from Volato's services.

Does Volato offer revenue sharing for aircraft owners?

Yes, Volato offers a revenue-sharing model as part of its fractional ownership program.

What distinguishes Volato from other private aviation companies?

Volato stands out due to its flexible fractional ownership programs, comprehensive aircraft management, competitive jet card and deposit offerings, and a commitment to customer-centric services.
Volato Group Inc-A

NYSE:SOAR

SOAR Rankings

SOAR Stock Data

4.13M
1.27M
48.8%
12.04%
0.5%
Airports & Air Services
Air Transportation, Nonscheduled
Link
United States
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