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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 leader in sustainable regional air travel, pioneering electric aviation solutions to connect communities efficiently. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.

Investors and industry observers will find curated news covering key areas including quarterly earnings reports, technology advancements in electric propulsion, partnership announcements, and regulatory milestones. All content is sourced directly from company communications to ensure accuracy and timeliness.

Regular updates provide insights into SRFM's progress in decarbonizing regional air travel while expanding service networks. Users can track the company's unique position at the intersection of aviation innovation and sustainable transportation.

Bookmark this page for streamlined access to Surf Air Mobility's latest developments. Check back frequently for real-time updates on initiatives shaping the future of eco-conscious air mobility.

News

REGENT Announces Deal with Surf Air to Establish Seaglider Service in Miami

Rhea-AI Summary
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

Rhea-AI Summary
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

Rhea-AI Summary
Surf Air Mobility (NYSE: SRFM) publishes investor presentation on its IR site.
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-7.58%
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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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-2.44%
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Surf Air Mobility Co-Founder Sudhin Shahani and Chairman Carl Albert Purchase SRFM Shares in the Open Market

Rhea-AI Summary
Surf Air Mobility co-founder and chairman purchase shares in open market transaction, re-affirming commitment to the company.
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6.03%
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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

Rhea-AI Summary
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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6.34%
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Surf Air Mobility Has Filed to Shorten Its Form S-1 Registration Period

Rhea-AI Summary
Surf Air Mobility Inc. files post-effective amendment to shorten registration period, locking up affiliate shares. Affiliate shares remain unsold and will not be freely tradeable until a new registration statement is filed or they become eligible for an exemption. Offering will be terminated upon the effectiveness of the amendment.
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Surf Air Mobility to Present to the Investment Community at Upcoming Investor Conference

Rhea-AI Summary
Surf Air Mobility Inc. (NYSE: SRFM) will attend the Piper Sandler Growth Frontiers Conference on September 13, 2023, in Nashville. Members of senior management will host one-on-one and small group investor meetings.
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Surf Air Mobility Reports Second Quarter Results and Provides Guidance Following Recent Direct Listing on NYSE

Rhea-AI Summary
Surf Air Mobility announces 2Q23 results and outlook for full year 2023
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-17.48%
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Surf Air to Shorten Form S-1 Registration Period, Enabling Broader Investor Outreach and Effectively Locking Up Affiliate Shares

Rhea-AI Summary
Surf Air Mobility shortens Form S-1 registration period for resales to September 1, 2023. Affiliates and insiders face extended restricted period for up to 7M shares until January 2024. Shares registered on Form S-1 will no longer be resold using the form. Affiliates believe in long-term value of stock.
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Surf Air Mobility Inc.

NYSE:SRFM

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SRFM Stock Data

47.44M
12.88M
13.85%
30%
5.87%
Airlines
Air Transportation, Nonscheduled
Link
United States
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