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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.
Vaunt, una piattaforma che collega i viaggiatori ai voli privati, ha raggiunto il suo primo mese in positivo a marzo, toccando i $500,000 di entrate ricorrenti annuali. Lanciata nel quarto trimestre del 2023, Vaunt conta più di 25,000 utenti registrati e si occupa della problematica dei voli a tratta singola nel settore dell'aviazione privata. Il successo è attribuito all'entusiasmo dei consumatori e alla rapida crescita, dimostrando il potenziale della tecnologia nel rendere l'aviazione privata più accessibile. Il modello di abbonamento di Vaunt prevede una tariffa annuale di $995, offrendo un numero illimitato di voli a tratta singola agli utenti.
Vaunt, una plataforma que conecta viajeros con vuelos privados, logró su primer mes con ganancias netas en marzo, alcanzando $500,000 en ingresos recurrentes anuales. Lanzada en el cuarto trimestre de 2023, Vaunt tiene más de 25,000 usuarios registrados y aborda el problema de los vuelos de pierna vacía en la industria de la aviación privada. El éxito se atribuye al entusiasmo de los consumidores y al rápido crecimiento, mostrando el potencial de la tecnología para hacer la aviación privada más accesible. El modelo de suscripción de Vaunt cuesta $995 anuales, ofreciendo vuelos ilimitados de pierna vacía para los usuarios.
여행자들과 개인 비행을 연결하는 플랫폼인 Vaunt가 마침내 2023년 3월 첫 번째 수익 창출 월을 달성하며 연간 반복 수익이 $500,000에 도달했습니다. 2023년 4분기에 출시된 Vaunt는 25,000명 이상의 등록 사용자를 보유하고 있으며 개인 항공 산업에서 빈 다리 항공편 문제를 해결합니다. 이 성공은 소비자 열정과 빠른 성장에 기인하며, 기술이 개인 항공을 더 접근하기 쉽게 만드는 잠재력을 보여줍니다. Vaunt의 구독 모델은 연간 $995를 부과하며 사용자에게 무제한 빈 다리 항공편을 제공합니다.
Vaunt, une plateforme reliant les voyageurs aux vols privés, a réalisé son premier mois positif en mars, atteignant 500 000 $ de revenus récurrents annuels. Lancée au quatrième trimestre de 2023, Vaunt compte plus de 25 000 utilisateurs enregistrés et aborde le problème des vols à segment vide dans l'industrie de l'aviation privée. Le succès est attribué à l'enthousiasme des consommateurs et à la croissance rapide, démontrant le potentiel de la technologie pour rendre l'aviation privée plus accessible. Le modèle d'abonnement de Vaunt coûte 995 $ par an, offrant un nombre illimité de vols à segment vide aux utilisateurs.
Vaunt, eine Plattform, die Reisende mit privaten Flügen verbindet, erreichte im März ihren ersten gewinnbringenden Monat und erzielte 500.000 $ wiederkehrende Jahresumsätze. Gestartet im vierten Quartal 2023, verzeichnet Vaunt über 25.000 registrierte Benutzer und befasst sich mit dem Problem leerer Flugsegmente in der privaten Luftfahrtindustrie. Der Erfolg wird der Begeisterung der Verbraucher und dem schnellen Wachstum zugeschrieben und zeigt das Potenzial der Technologie, die private Luftfahrt zugänglicher zu machen. Vaunts Abonnementmodell kostet jährlich 995 $ und bietet unbegrenzte leere Flugsegmente für die Benutzer an.
Positive
Vaunt achieved its first cash-positive month in March, reaching $500,000 in annual recurring revenue.
The platform has attracted over 25,000 registered users since its launch in Q4 2023.
Vaunt addresses the industry-wide issue of empty-leg flights, lowering wastage in private aviation.
Consumer enthusiasm and rapid growth validate Vaunt's potential to make private aviation more accessible.
The subscription model charges $995 annually, allowing users to apply for unlimited empty-leg flights.
Negative
None.
Insights
Vaunt's announcement of a cash-positive month is a notable achievement for a new market entrant, especially one operating within the luxury travel segment. Reaching $500,000 in annual recurring revenue shortly after their Q4 2023 launch demonstrates a significant market demand for their service. This figure, alongside the rapid acquisition of over 25,000 registered users, suggests a strong product-market fit. Moreover, the reduction of inefficient empty-leg flights represents a potential cost-saving innovation that could enhance margins. As for investors, the ability of Vaunt to convert users into higher-value customers for the parent company Volato could forecast a healthy customer lifecycle value and potentially signal increasing revenue streams.
The private aviation industry struggles with the inefficiency of empty-leg flights. Vaunt's progress in this space indicates a successful capture of untapped demand. The high Net Promoter Score (NPS) of 95 indicates consumer satisfaction that is exceptional in any industry, let alone aviation, which traditionally sees lower scores due to the complexity of the travel experience. The affinity between the consumer-friendly Vaunt platform and Volato's more traditional jet card customers shows a strategic cross-pollination of services that might attract investors looking for companies with innovative growth strategies and strong customer retention capabilities.
From a technology standpoint, Vaunt's proprietary platform acts as a differentiator in the aviation industry. The use of technology to optimize the matching of travelers with empty-leg flights is both innovative and practical. This could position Vaunt as a leader in digital transformation within private aviation, a sector historically reliant on more traditional business models. For investors, the potential for scalability and network effects as more users and flights are added could mean a continued upward trajectory for revenue and market share.
- Launched in Q4 2023, Vaunt has reached $500K in annual recurring revenue, and 25,000+ registered users
ATLANTA--(BUSINESS WIRE)--
Vaunt, a platform for connecting travelers to private flights, powered by Volato (NYSE American: SOAR), a leading private aviation company and the largest HondaJet operator in the United States, today announced it achieved its first cash-positive month in March, and has reached $500,000 in annual recurring revenue. This success highlights Vaunt's progress in addressing the longstanding issue of empty-leg flights, where 30% or more of private flights industrywide are repositioning flights with no passengers.
"The consumer enthusiasm and rapid growth we're experiencing with Vaunt validates our belief that we can use technology to make private aviation more accessible. This represents an opportunity to transform the industry. Our proprietary platform reduces inefficient empty-leg flights, lowering wastage while making private flights a reality for a wider audience," said Nicholas Cooper, President of Vaunt.
Since its launch in Q4 of 2023, Vaunt has attracted more than 25,000 registered users. The company has facilitated nearly 300 flights for over 650 passengers on otherwise empty repositioning flights, with Vaunt subscribers providing a world-class Net Promoter Score (NPS) of 95 last quarter.
“Volato is also benefiting from Vaunt through being a source of sales leads,” Cooper added. “We're seeing a subset of Vaunt subscribers enjoying the Volato customer-centric service so much that they are choosing to become jet card customers of our parent Volato, and vice versa. This synergy highlights the value and flexibility we offer, and we're excited to build on this momentum and continue expanding our user base and partnerships.”
Vaunt's subscription model currently charges an annual fee of $995, allowing users to apply for unlimited empty-leg flights. Selected passengers are notified and can experience the full benefits of private air travel at a significantly reduced cost.
Vaunt is currently available for download through the Apple App Store and Google Play. Members have a rewarding referral system to share Vaunt with their friends. More information on Vaunt is available at https://flyvaunt.com/faq/. Terms and conditions apply.
About Vaunt
Vaunt, wholly owned by Volato Group,is a new app tackling one of private aviation’s biggest challenges: empty-leg flights. Leveraging propriety software and a mobile consumer app, Vaunt makes it easy and affordable for spontaneous and frequent travelers to have a chance to fly private while addressing this empty-leg issue. All Vaunt flights are operated by its DOT/FAA- authorized air carrier affiliate or by an approved vendor air carrier.
About Volato
Volato (NYSE American: SOAR) is a leader in private aviation, redefining air travel through modern, efficient, and customer-designed solutions. Volato provides a fresh approach to fractional ownership, aircraft management, jet card, deposit and charter programs, all powered by advanced, proprietary mission control technology. Volato's fractional programs uniquely offer flexible hours and a revenue share for owners across the world’s largest fleet of HondaJets, which are optimized for missions of up to four passengers. For more information visit www.flyvolato.com.
All Volato Part 135 charter flights are operated by its DOT/FAA-authorized air carrier subsidiary (G C Aviation, Inc. d/b/a Volato) or by an approved vendor air carrier.
