Volato Group, Inc. (the "Company" or "Volato") (NYSE:SOAR), a leader in private aviation, today announced the upcoming delivery of its second Gulfstream G280 in January 2025. This milestone is part of a four-aircraft order and reflects Volato's strategy to capitalize on strong market demand for premium super-midsize jets. The Gulfstream G280 remains one of the most desirable aircraft in its class, with a range of up to 3,600 nautical miles, advanced performance, and a spacious, luxurious cabin. As the private aviation market faces constrained supply and significant backlogs, Volato's ability to secure timely deliveries creates a unique opportunity to meet rising customer demand through ai

Volato Group, Inc. (the "Company" or "Volato") (NYSE:SOAR), a leader in private aviation innovation, today announced it received from NYSE Regulation a Warning Letter (the "Letter") as provided under Section 1009(a) of the NYSE American LLC Company Guide (the "Company Guide") describing the Company's failure to comply with Sections 301 and 713 of the Company Guide. Section 301 of the Company Guide prohibits a listed company from issuing, or authorizing its transfer agent or registrar to issue or register, additional securities of a listed class until it has filed an application for the listing of such additional securities and received notification from the NYSE American that the securities

Volato Group, Inc. (NYSE:SOAR), a leader in private aviation innovation, today announced the withdrawal of its S-1 registration statement. This decision reflects the company's continued progress in strengthening its financial position, marking another milestone in its turnaround efforts. The company remains on track to deliver positive net income in Q4 2024, driven by strategic initiatives that have already resulted in improved financial performance. In the third quarter, Volato reported $40.3 million in revenue, up $36.6 million year-over-year, and achieved a positive Adjusted EBITDA of $3.2 million. These results highlight the success of the company's efforts to enhance operational effi

Volato Group, Inc. (NYSE:SOAR), a leader in private aviation innovation, announces a new patent-pending technology that advances how aircraft generate revenue by repurposing underutilized aircraft resources for cryptocurrency mining. First filed in 2023, this innovation has already benefited from significant Bitcoin price appreciation, reinforcing its potential to turn aviation's untapped resources into valuable digital assets. By default, the system operates using excess electricity generated during normal flight operations, ensuring seamless integration with no additional costs or resource demands. However, the system is designed to dynamically scale up and utilize additional onboard el

Volato Group's Vaunt Unveils New Premium Membership Tier and Launches Version 2.0 of its App Volato Group, Inc. (NYSE:SOAR) announced that Vaunt, the leading private aviation platform for accessing affordable private aviation experiences, launched its new premium membership tier, Vaunt Cabin Plus, and the rebranding of its existing membership as Vaunt Core. These significant milestones underscore Vaunt's commitment to redefining the private aviation experience for its members. Vaunt Membership Tiers: Vaunt Core and Vaunt Cabin Plus Vaunt's membership offerings now include: Vaunt Core: Formerly known as the standard Vaunt membership, this tier offers access to light jets for up to f

Volato Group, Inc. (NYSE America: SOAR) announced that Vaunt, the innovative empty leg private aviation booking platform, achieved 50% revenue growth since June 2024, and announced the expansion of its flight inventory with the integration of the first Excel/XLS flights from flyExclusive's fleet. Building on the successful launch and integration of flyExclusive's CJ3+ fleet earlier this month, this latest addition reinforces Vaunt's commitment to providing its members with greater inventory flexibility and an enhanced flying experience. The integration of Excel/XLS aircraft marks a significant milestone, introducing up to an additional 58 jets from flyExclusive's fleet to Vaunt's inventor

Volato Group, Inc. (NYSE:SOAR) ("Volato" or the "Company"), announced the filing of the third quarter 2024 Form 10-Q with the Securities and Exchange Commission (SEC). The Form 10-Q can be found at https://ir.flyvolato.com/financial-information/sec-filings or at www.sec.gov. Third Quarter 2024 Financial Summary Total revenue for the third quarter increased $36.6 million year-over-year, primarily from an increase in aircraft sales of $38.2 million and subscription revenue of $308 thousand. The increase in revenue from aircraft sales was the result of the delivery and sale of two HondaJet Elite IIs and one Gulfstream G280 during the third quarter of 2024. We have orders for three addition

Volato Begins Turnaround with Positive Third Quarter Momentum Achieved Positive Adjusted EBITDA of $3.2 million on Revenue of $40.3 million as Initial Strategic Changes Take Effect Confirms Acceptance of Compliance Plan by NYSE American Volato Group, Inc. (NYSE:SOAR) ("Volato" or the "Company"), today announced results for the third quarter ended September 30, 2024, reflecting early progress in a recently launched turnaround strategy aimed at building a stronger foundation and positioning the Company for sustainable growth. Third Quarter 2024 Financial Highlights Total revenue was $40.3 million Aircraft sales revenue was $38.2 million Managed services revenue was $1.8 millio

Volato Group, Inc. ("Volato," or the "Company") (NYSE:SOAR) announced that following the recent integration of flyExclusive, the fifth-largest operator in the United States, Vaunt, launched its third-party operator program. This initiative marks a new chapter for Vaunt, as the platform welcomes other operators to join and benefit from its technology platform and extensive member base. With the integration of flyExclusive, Vaunt has demonstrated its capability to provide operators with a dynamic channel for maximizing the utilization of empty leg flights. Now, other operators can access this same value proposition, benefiting from increased visibility, enhanced operational efficiency, and

Volato Group, Inc. ("Volato," or the "Company") (NYSE:SOAR) is excited to announce that Vaunt has reached an important milestone, with the first flyExclusive flights now available on the platform. This is the start of a larger effort to expand the flight options available to Vaunt members, with more additions and features planned in the coming months. flyExclusive brings a range of light, midsize, and super-midsize jets to Vaunt, significantly expanding the choices available to users. This first step lays the groundwork for future growth, as Volato works to steadily increase flight availability and deliver a more robust platform for private travelers. "We are thrilled to have reached this

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Grew Flight Hours 5% and Blended Yield 6% Year-over-Year Expect Delivery of 10-12 New Aircraft in FY 2024 Volato Group, Inc. (NYSE:SOAR) ("Volato" or the "Company"), a leading private aviation company and the largest HondaJet operator in the United States, today announced results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Total revenue was $15.1 million Aircraft usage revenue was $12.5 million Managed services revenue was $2.7 million Net loss was $16.9 million, including the impact of a $2.8 million non-cash charge Adjusted EBITDA1 was a loss of $11.4 million [1] Adjusted EBITDA is a non-GAAP measure. Please refer to the

Company to Report Second Quarter Earnings on August 14, 2024 Volato Group, Inc. (NYSE:SOAR) ("Volato"), a leading private aviation company and the largest HondaJet operator in the United States, today announced that the company will release its financial results for the second quarter ended June 30, 2024 before the market open on August 14, 2024 and will host a conference call to discuss the results at 8:00am ET. Interested parties can access the conference call by dialing 866-605-1830 for toll free access or +1 215-268-9881. The live call will also be available via webcast on Volato's Investor Relations website: https://ir.flyvolato.com/. A replay of the call will be available until

Announces $14.5 Million in New Financing Grew Flight Hours 39% and Blended Yield 8% Year-over-Year Expect Delivery of 10-12 New Aircraft in FY 2024 Volato Group, Inc. (NYSE:SOAR) ("Volato" or the "Company"), a leading private aviation company and the largest HondaJet operator in the United States, today announced results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Total revenue was $13.2 million Aircraft usage revenue was $11.5 million Managed services revenue was $1.7 million Net loss was $17.4 million, including the impact of a $0.2 million non-cash charge Adjusted EBITDA1 was a loss of $13.1 million [1] Adjusted EBITDA

Volato to Announce First Quarter 2024 Results on Wednesday, May 15, 2024 Volato Group, Inc. ("Volato," or the "Company") (NYSE:SOAR) today announced that it has appointed Christopher G. Burger and Fred A. Colen to the Company's Board of Directors. As part of this announcement, Joan Sullivan Garrett, Katherine Arris-Wilson, Peter Mirabello, and Dana H. Born have stepped down from the Company's Board of Directors without disagreement. The company is decreasing the size of its board from seven to five members, three of whom are Independent Directors. Fred Colen will serve as an independent director and Chair of the Audit Committee and has been designated as a financial expert. Chris Burger

Improved Demand Mix Drove Higher Blended Yield and Aircraft Usage Revenue Increased Size of Floating Fleet in FY 2023 to 24 HondaJet IIs Expect Delivery of 10-14 New Aircraft in FY 2024 Volato Group, Inc. (NYSE:SOAR) ("Volato" or the "Company"), a leading private aviation company and the largest HondaJet operator in the United States, today announced results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights Total revenue was $31.5 million Aircraft sales revenue was $15.7 million Aircraft usage revenue was $11.6 million Managed services revenue was $4.2 million Net loss was $23.6 million, including the impact of a

Company to Report Q4 and Full Year Results on March 26, 2024 Volato Group, Inc. (NYSE:SOAR) ("Volato"), a leading private aviation company and the largest HondaJet operator in the United States, today announced that the company will release its financial results for the fourth quarter and full year ended December 31, 2023 before market open on March 26, 2024 and will host a conference call to discuss the results at 8:00am ET. Interested parties can access the conference call by dialing (866) 605-1830 for toll free access or +1(215) 268-9881. The live call will also be available via webcast on Volato's Investor Relations website: https://ir.flyvolato.com/. A replay of the call will be