In a letter to shareholders, the company’s chairman, CEO and co-founder, said, in part, “As we execute the 2026 plan, we are taking this moment to update you on what is working, what is not, and what we are doing about both. Convergence of AI-enabled software and electric aircraft will reshape the future of aviation. We are building the platform at the center of this transformation. SurfOS, the AI-enabled operating system we are building with Palantir, is the digital infrastructure of our platform. Two airlines, a growing charter business, and our electrification partnership with BETA Technologies are the proof points, and 2026 is the year our use of the platform starts showing up in the numbers…This plan is built on milestones. Here are the ones worth watching: Digitalization and optimization of our airline operations; Surf On Demand private charter revenue and margin expansion; 100 brokers onboarded to Powered by Surf On Demand; 10 OperatorOS LOIs signed, 5 operators live; First SurfOS Enterprise contracts signed; BETA electric cargo demonstration flights in Hawaii. To our shareholders who have invested with us throughout our transformation, our platform is seeing momentum. The software is live. The partners are committed. Our own capital is in this round. And the operating numbers are moving in the right direction. Thank you for owning SRFM and being part of the future of aviation.”
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