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Surf Air Mobility Inc. - SRFM STOCK NEWS

Welcome to our dedicated page for Surf Air Mobility news (Ticker: SRFM), a resource for investors and traders seeking the latest updates and insights on Surf Air Mobility stock.

Surf Air Mobility Inc. (SRFM) is a trailblazer in the field of regional air mobility, focusing on connecting communities sustainably through innovative electric aviation. Founded with a vision to revolutionize regional air travel, the company is dedicated to electrifying the skies and creating a more efficient and eco-friendly mode of air transportation.

As a pioneering electric aviation and air travel enterprise, Surf Air Mobility Inc. aims to expand the category of regional air travel by integrating advanced electric propulsion technologies into their fleet. Their operations are centered around the concept of a regional air mobility ecosystem, which ensures that smaller communities have enhanced connectivity options that are both sustainable and economically viable.

Among the company's core offerings are their air mobility services, which generate revenue by providing sustainable and efficient travel solutions. Surf Air Mobility Inc. is actively involved in numerous projects aimed at enhancing the electrification of air travel, including partnerships with leading technology firms and aviation pioneers to develop next-generation propulsion systems and infrastructure.

Recent achievements include successful pilot programs of electric aircraft and strategic collaborations to extend their service network. Financially, the company is backed by robust investment and strategic partnerships that provide a solid foundation for its ambitious growth plans.

In summary, Surf Air Mobility Inc. is at the forefront of transforming regional air travel, focusing on sustainability and innovative technologies to build a connected, greener future for air transportation. For detailed updates and the latest news about Surf Air Mobility Inc., investors and stakeholders can visit StockTitan for real-time information and developments.

News

Surf Air Mobility and Azul Conecta Enter Agreement to Incorporate Electric Powertrains into Azul’s Cessna Caravan Fleet

Rhea-AI Summary
Surf Air Mobility Inc. (SRFM) and Azul S.A. (AZUL) have agreed to collaborate on the commercial deployment of electric Cessna Caravan within Azul’s existing fleet. By electrifying its Cessna Caravan fleet, Azul believes they can take a meaningful step toward their goal of net-zero carbon emissions by 2045. Surf Air Mobility is targeting certification of its proprietary electrified powertrain in 2026 in the U.S. In doing so, Azul and Surf Air Mobility hope to be a catalyst for change within South America and global leaders in regional air mobility. The agreement will help make it possible to upgrade Azul’s existing aircraft with fully electric powertrains once Surf Air Mobility’s proprietary technology is developed and certified. Surf Air Mobility’s first generation fully electric powertrain technology is targeted to reduce direct operating costs by as much as 50% and eliminate 100% of direct carbon emissions. These performance improvements can have profound impacts on how Azul operates its Cessna Caravan network.
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Surf Air Mobility Reports Revenue Growth In Third Quarter 2023 and Maintains Full Year Guidance

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Surf Air Mobility Inc. (NYSE: SRFM) reported third-quarter 2023 GAAP revenue of $21.9 million and Pro Forma Revenue of $28.9 million, up 6.2% year-over-year. The company is on track to meet its full-year 2023 guidance, with significant business highlights including a public listing on the NYSE, orders for 100 Cessna Grand Caravan EX aircraft, and a partnership with REGENT for all-electric Seaglider airships.
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Surf Air Mobility Files Form S-1 registration statement with the SEC registering up to 300 million shares of Common Stock

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Surf Air Mobility Inc. (NYSE: SRFM) has filed a Form S-1 registration statement with the SEC, registering up to 300 million shares of Common Stock, representing the balance of shares that could be issued and sold to GEM for $100 million of GEM Advances under the Share Subscription Facility. The company also has access to a total $400 million under the Share Subscription Facility with GEM, with $392.5 million remaining. Surf Air Mobility intends to utilize the registered shares to request advances under the share subscription facility and satisfy other current obligations to register shares previously issued to GEM.
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Surf Air Mobility to Provide Third Quarter 2023 Financial Results on November 14, 2023

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Surf Air Mobility Inc. (NYSE: SRFM) will release their Q3 2023 financial results on November 14, 2023, after market close. A webcast will be hosted at 5:00 pm ET on the same day, with a registration link available on the investor relations website. A replay of the call will be available online for 21 days.
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REGENT Announces Deal with Surf Air to Establish Seaglider Service in Miami

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REGENT partners with Surf Air Mobility to establish a seaglider base in Miami for passenger transport service in South Florida and the Caribbean.
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Surf Air Mobility Confirms Order for 100 Aircraft and Exclusive Relationship with Textron Aviation to Support Surf Air Mobility’s Development of an Electrified Cessna Grand Caravan EX

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Surf Air Mobility confirms initial fleet order of 100 Cessna Grand Caravan EX aircraft with deliveries starting in 2024. Collaboration with Textron Aviation accelerates development of electric and hybrid-electric aircraft. Planned benefits include reducing operating costs by 25-50% and carbon emissions by up to 50-100%.
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Surf Air Mobility Publishes Updated Investor Presentation

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Surf Air Mobility (NYSE: SRFM) publishes investor presentation on its IR site.
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Surf Air Mobility Publicly Files Form S-1 Registration Statement Related to Previously Announced Funding from Gem Global Yield LLC SCS

Rhea-AI Summary
Surf Air Mobility files Form S-1 registration statement with the SEC to register up to 25.0 million shares for share subscription facility with GGY. Maximum aggregate purchase price of $400 million. Can request advances of up to $25 million each, totaling $100 million. Shares not utilized now will be available for future advances aligned with business growth.
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Surf Air Mobility Co-Founder Sudhin Shahani and Chairman Carl Albert Purchase SRFM Shares in the Open Market

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Surf Air Mobility co-founder and chairman purchase shares in open market transaction, re-affirming commitment to the company.
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Surf Air Mobility Files Its Second Quarter Results via Quarterly Report on Form 10-Q and Current Report on Form 8-K

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Surf Air Mobility files Quarterly Report on Form 10-Q and Current Report on Form 8-K, provides pro forma financial results. Q2 2023 revenue: $6.2M for Surf Air and $22.4M for Southern. Pro forma revenue for Q2 2023: $28.3M, up 17.5% YoY. Pro forma gross profit: $3.6M, up 44.3% YoY. Pro forma operating loss: $(15.1)M. Non-GAAP Adjusted EBITDA: $(7.8)M. 1H23 revenue: $11.7M for Surf Air and $45.1M for Southern. Pro forma revenue for 1H23: $56.3M, up 23.4% YoY. Pro forma gross profit: $6.6M, up 20.1% YoY. Pro forma operating loss: $(29.6)M. Non-GAAP Adjusted EBITDA: $(18.2)M. Full year 2023 guidance: GAAP revenue: $54.5M to $59.5M. Non-GAAP revenue: $107.5M to $112.5M, up 6.9% - 11.8% YoY. Non-GAAP Adjusted EBITDA: $(46.3)M to $(56.3)M.
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FAQ

What is the current stock price of Surf Air Mobility (SRFM)?

The current stock price of Surf Air Mobility (SRFM) is $3.15 as of March 3, 2025.

What is the market cap of Surf Air Mobility (SRFM)?

The market cap of Surf Air Mobility (SRFM) is approximately 57.1M.

What is Surf Air Mobility Inc.?

Surf Air Mobility Inc. (SRFM) is an electric aviation and air travel company focused on expanding regional air travel through sustainable, electric-powered flights.

What services does Surf Air Mobility Inc. provide?

Surf Air Mobility Inc. provides air mobility services aimed at connecting communities sustainably through advanced electric aviation technologies.

How does Surf Air Mobility Inc. generate revenue?

The company generates revenue through its air mobility services, offering efficient and sustainable travel solutions.

What recent achievements has Surf Air Mobility Inc. made?

Recent achievements include successful pilot programs of electric aircraft and strategic partnerships to extend their service network.

What is the core business of Surf Air Mobility Inc.?

The core business involves developing a regional air mobility ecosystem by electrifying air travel and connecting underserved communities sustainably.

Who are Surf Air Mobility Inc.’s partners?

Surf Air Mobility Inc. collaborates with leading technology firms and aviation pioneers to develop next-generation propulsion systems and infrastructure.

What is unique about Surf Air Mobility Inc.'s approach to air travel?

The company's unique approach includes integrating electric propulsion technologies into their fleet to offer sustainable and eco-friendly air travel solutions.

How is Surf Air Mobility Inc. contributing to sustainability?

Surf Air Mobility Inc. contributes to sustainability by focusing on electric aviation, reducing carbon emissions, and promoting eco-friendly regional air travel.

Where can I get the latest updates about Surf Air Mobility Inc.?

You can get the latest updates and news about Surf Air Mobility Inc. on StockTitan, which provides real-time information and developments.

What are the future plans of Surf Air Mobility Inc.?

Future plans include further electrification of their fleet, expansion of their regional air mobility network, and continued innovation in sustainable aviation technologies.
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Surf Air Mobility Inc.

NYSE:SRFM

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SRFM Stock Data

57.08M
14.58M
16.47%
41.21%
5%
Airlines
Air Transportation, Nonscheduled
Link
United States
HAWTHORNE