Surf Air Mobility, Inc. ( (SRFM) ) has released its Q2 earnings. Here is a breakdown of the information Surf Air Mobility, Inc. presented to its investors.
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Surf Air Mobility, Inc. is a regional air mobility platform based in Los Angeles, known for being one of the largest commuter airlines in the U.S. by scheduled departures and the largest passenger operator of Cessna Caravans in the country. The company is also developing an AI-powered airline software operating system and working towards electric powertrain technology certification.
In its second quarter of 2025, Surf Air Mobility reported financial results that exceeded expectations, with revenue reaching $27.4 million, surpassing the guidance range of $23.5 to $26.5 million. The adjusted EBITDA loss was $9.5 million, outperforming the anticipated loss range of $10.0 to $13.0 million. Additionally, the company raised $44.7 million in equity capital, further strengthening its balance sheet.
Key financial highlights include a 17% increase in revenue from the first quarter, driven by a 20% rise in Scheduled Service revenue and a 5% increase in On Demand revenue. Despite a year-over-year revenue decrease of 15% due to exiting unprofitable routes, the company achieved profitability in its airline operations for the quarter. The company also entered a five-year agreement with Palantir, enhancing its software business.
The company continues to implement its Transformation Plan, focusing on optimizing airline operations and recalibrating its On Demand business. Notable developments include securing an interline agreement with Japan Airlines, renewing essential air service contracts in Hawaii, and expanding its SurfOS platform.
Looking ahead, Surf Air Mobility reaffirms its full-year 2025 guidance, expecting revenues to exceed $100 million and achieving profitability in airline operations. The company remains committed to its strategic goals, focusing on profitability and operational efficiency as it prepares for its planned expansion phase in 2026.