Revenue at High End of Expectations
First quarter revenue was $23.5 million, at the high end of the expected range of $21 million to $24 million, keeping the company on track to meet full year expectations of over $100 million in revenue.
Renewal Bids Secured
Surf Air Mobility was awarded renewal bids for DuBois, Pennsylvania and Kalaupapa, Hawaii, representing $7.6 million annually in subsidy revenue.
Operational Achievements
Relocation of the company systems operations center to the Dallas/Fort Worth area, attracting top aviation talent, and optimization of airline operations.
Improved Flight Completion Factor
Flight completion factors improved to above 92% in the second quarter, with an objective to reach 96% before initiating route expansion.
Interline Agreement with Japan Airlines
Mokulele Airlines operations entered into an interline agreement with Japan Airlines, expanding access to over 435 million potential customers.