IPO Year: 2023
Exchange: NYSE
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/15/2024 | $2.50 → $1.00 | Buy → Hold | Canaccord Genuity |
| 9/8/2023 | $4.00 | Overweight | Piper Sandler |
| 8/28/2023 | $3.00 | Buy | Canaccord Genuity |
| 8/22/2023 | Outperform | Bernstein |
Fourth Quarter Revenue of $28.05 Million Rose 5% Compared with Revenue of $26.8 Million in the Prior Year, Exceeding Expectations of $25 - $28 Million Fourth Quarter Adjusted EBITDA Loss of $6.9 Million Improved by $11.5 Million, or 63%, Versus the Prior Year, Within the Guidance Range of $5 - $8 Million Full Year Revenue of $119.4 Million Rose 6% Compared with Pro Forma Revenue of $112.9 Million in the Prior Year Full Year Adjusted EBITDA Loss of $44.1 Million Improved by $6.8 Million, or 13%, Versus the Prior Year on a Pro-Forma Basis Company Launched SurfOS with Six Beta Users Surf Air Mobility Inc. (NYSE:SRFM) (the "Company"), a leading regional air mobility platform, today reporte
Surf Air Mobility Inc. (NYSE:SRFM) ("the Company"), a leading regional air mobility platform, today announced that it will release its fourth quarter and year end 2024 financial results after market close on Tuesday, March 18, 2025, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here or can find a link on the ‘Events & Presentations' section of our investor relations website. Alternatively, listeners may dial into the call as follows: North America - Toll-Free (800) 715-9871 International (Toll) - (646) 307-1963 Conference ID: 4775356 About Surf Air Mobility Surf Air Mobility is a Los Angeles-based regional air mob
SurfOS is an AI-enabled operating system for the Advanced Air Mobility industry powered by Palantir Technologies. For more information about SurfOS, click here to view a short video. Company provides progress update on new SurfOS software features. Surf Air Mobility Inc. (NYSE:SRFM) ("the Company" or "Surf Air Mobility"), a leading regional air mobility platform, today announced it has entered into agreements with six air operator beta customers to use SurfOS, an AI-enabled software platform for the advanced air mobility industry. The early launch to third-party beta customers marks an acceleration in the timeline of the software initiatives of the Company's Transformation Plan. SurfOS
Surf Air Mobility Inc. (NYSE:SRFM) ("the Company" or "Surf Air Mobility"), a leading regional air mobility platform, today announced the appointment of two new key positions to the Company's air mobility team. Bob Waltz has joined Surf Air Mobility as the Vice President of Flight Operations, effective March 1, 2025. Linda MacAskill has joined Surf Air Mobility as the Director of System Operations Center, effective December 1, 2024. Both Captain Waltz and Mrs. MacAskill will be located at Surf Air Mobility's new air operations center ("AOC") in Addison, TX, a suburb of Dallas, where the Company is actively hiring, including positions in Maintenance, Safety & Regulatory Compliance, Finance
The Company is actively hiring aviation professionals based in the Dallas metro area across its operational departments. Surf Air Mobility Inc. (NYSE:SRFM) ("the Company" or "Surf Air Mobility"), a leading regional air mobility platform, today announced the Company's relocation of its Air Operations Center ("AOC") to Addison, Texas, a suburb of Dallas. The move is part of Surf Air Mobility's broader Transformation Plan that consolidates operations departments and places Surf Air Mobility at the center of one of the country's most prominent aviation hubs. Alongside this move, Surf Air Mobility is actively hiring at the Addison AOC, including positions in Maintenance, Safety & Regulatory
Video provides detail on the Company's strategy to achieve profitable airline operations1 in 2025 Surf Air Mobility Inc. (NYSE:SRFM) ("the Company" or "Surf Air Mobility"), a leading regional air mobility platform, today published the second presentation in a new video series on the Company's business plan and operations. The video is narrated by the Company's Chief Executive Officer and Chief Operating Officer, Deanna White, and provides greater detail on Surf Air Mobility's Air Mobility business and strategy to achieve profitable airline operations in 2025 (as defined by Adjusted EBITDA). Ms. White was appointed to the Chief Executive role at Surf Air Mobility on December 10, 2024, an
Surf Air Mobility Inc. (NYSE:SRFM) (the "Company" or "Surf Air Mobility"), a leading regional air mobility platform, today published the first presentation in a new video series on the company's business plan and operations. This first video, narrated by the Company's Chief Financial Officer, Oliver Reeves, provides greater detail on the Company's Transformation Plan and growth opportunities in both its Air Mobility and Air Technology businesses. The video presentation may be accessed here on the Company's investor website: https://investors.surfair.com About Surf Air Mobility Surf Air Mobility is a Los Angeles-based regional air mobility platform and the largest commuter airline in t
Chairman of the Board, Carl Albert, and Co-Founder and Member of the Board, Sudhin Shahani, purchased an aggregate total of 31,737 shares of Surf Air Mobility Inc. common stock. Surf Air Mobility Inc. (NYSE:SRFM) ("the Company","Surf Air"), a leading regional air mobility platform, announced that Chairman of the Board, Carl Albert, and Co-Founder and Member of the Board, Sudhin Shahani, purchased 14,500 shares and 17,237 shares, respectively, of the Company's common stock, for an aggregate purchase price of approximately $110,000, in open market transactions. Mr. Albert said: "The Board of Directors and our senior leadership have built, approved and are executing our Transformation Plan
Mr. Anderman previously served as General Counsel of SpaceX and COO/General Counsel of Lucasfilm Ltd. Surf Air Mobility Inc. (NYSE:SRFM) ("the Company","Surf Air"), a leading regional air mobility platform, announced the appointment of David Anderman to the Company's board of directors effective December 17, 2024. Mr. Anderman served as Chief Legal Officer of Surf Air from June 2023 to May 2024. Mr. Anderman currently serves as the Co-Founder and General Partner of Stellar Ventures, a venture fund investing in the next generation of space entrepreneurs. Mr. Anderman was General Counsel of SpaceX from June 2019 to December 2020, during which time he supported the launch of satellite inte
Previously announced credit facility expected to facilitate reduction in contemplated future equity dilution Company plans registration statement amendment to reduce share subscription facility shares from 40,000,000 shares to $15,000,000 (~4.4M shares at today's price) Reduction of potential dilution unlocks ability to create significant shareholder value over time Surf Air Mobility Inc. (NYSE:SRFM) (the "Company" or "Surf Air"), a leading regional air mobility platform, announced today that it anticipates reducing potential future equity dilution by approximately 90%. As part of its new financing strategy, with increased reliance on debt versus equity financing, the Company plans to
Canaccord Genuity downgraded Surf Air Mobility from Buy to Hold and set a new price target of $1.00 from $2.50 previously
Piper Sandler initiated coverage of Surf Air Mobility with a rating of Overweight and set a new price target of $4.00
Canaccord Genuity initiated coverage of Surf Air Mobility with a rating of Buy and set a new price target of $3.00
Bernstein initiated coverage of Surf Air Mobility with a rating of Outperform
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Surf Air Mobility Inc. (NYSE:SRFM) ("the Company" or "Surf Air Mobility"), a leading regional air mobility platform, today announced the appointment of two new key positions to the Company's air mobility team. Bob Waltz has joined Surf Air Mobility as the Vice President of Flight Operations, effective March 1, 2025. Linda MacAskill has joined Surf Air Mobility as the Director of System Operations Center, effective December 1, 2024. Both Captain Waltz and Mrs. MacAskill will be located at Surf Air Mobility's new air operations center ("AOC") in Addison, TX, a suburb of Dallas, where the Company is actively hiring, including positions in Maintenance, Safety & Regulatory Compliance, Finance
Mr. Anderman previously served as General Counsel of SpaceX and COO/General Counsel of Lucasfilm Ltd. Surf Air Mobility Inc. (NYSE:SRFM) ("the Company","Surf Air"), a leading regional air mobility platform, announced the appointment of David Anderman to the Company's board of directors effective December 17, 2024. Mr. Anderman served as Chief Legal Officer of Surf Air from June 2023 to May 2024. Mr. Anderman currently serves as the Co-Founder and General Partner of Stellar Ventures, a venture fund investing in the next generation of space entrepreneurs. Mr. Anderman was General Counsel of SpaceX from June 2019 to December 2020, during which time he supported the launch of satellite inte
Saint-Cyr will oversee air operations for Mokulele Airlines, the Hawai'i-based subsidiary of Surf Air Mobility Surf Air Mobility Inc. (NYSE:SRFM) ("Surf Air Mobility","Surf Air","the company"), a leading regional air mobility platform, announced today the appointment of Louis Saint-Cyr, an experienced senior leader in airline operations, to the position of President of Hawai'i Operations. As President of Hawaii Operations, Mr. Saint-Cyr will oversee the entirety of Surf Air Mobility's travel brand, Mokulele Airlines ("Mokulele"), including the air operations, safety and compliance, airport management, guest experience, state and local government relations, and community engagement. Mr
Deanna White, former CFO, will become Chief Operating Officer and interim CEO, Stan Little to assume role of "Founder" Q1 2024 Revenue of $30.6 million, up 9.5% Year-Over-Year on a Pro Forma Basis, Beats Guidance Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, today reported its first quarter 2024 results. Please visit the Surf Air Mobility investor relations website at investors.surfair.com for more information and to listen to the accompanying earnings call. CEO Transition: Surf Air Mobility Inc. today announced that Southern Airways founder and current Surf Air CEO Stan Little will transition to a "Founder's" role. Former CFO and current Senior Advis
Bryce Van promoted to Chief Accounting Officer; Deanna White to become Senior Advisor Surf Air Mobility Inc. (NYSE:SRFM), the air mobility platform transforming regional flying through electrification, today announced that Oliver Reeves will join the Company as Chief Financial Officer. Mr. Reeves will lead the Company's financial and capital markets strategies leveraging his nearly two decades of experience in the investment management, enterprise technology, and insurance industries. He will start his new role in January, 2024. Mr. Reeves recently worked at Xinuos, Inc., where he served as the Chief Strategy Officer since 2019. "We are very pleased to have Oliver join us on our journey
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Fourth Quarter Revenue of $28.05 Million Rose 5% Compared with Revenue of $26.8 Million in the Prior Year, Exceeding Expectations of $25 - $28 Million Fourth Quarter Adjusted EBITDA Loss of $6.9 Million Improved by $11.5 Million, or 63%, Versus the Prior Year, Within the Guidance Range of $5 - $8 Million Full Year Revenue of $119.4 Million Rose 6% Compared with Pro Forma Revenue of $112.9 Million in the Prior Year Full Year Adjusted EBITDA Loss of $44.1 Million Improved by $6.8 Million, or 13%, Versus the Prior Year on a Pro-Forma Basis Company Launched SurfOS with Six Beta Users Surf Air Mobility Inc. (NYSE:SRFM) (the "Company"), a leading regional air mobility platform, today reporte
Surf Air Mobility Inc. (NYSE:SRFM) ("the Company"), a leading regional air mobility platform, today announced that it will release its fourth quarter and year end 2024 financial results after market close on Tuesday, March 18, 2025, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here or can find a link on the ‘Events & Presentations' section of our investor relations website. Alternatively, listeners may dial into the call as follows: North America - Toll-Free (800) 715-9871 International (Toll) - (646) 307-1963 Conference ID: 4775356 About Surf Air Mobility Surf Air Mobility is a Los Angeles-based regional air mob
$50 Million Term Loan Secured to Fund Transformation Plan and Path to Profitability Revenue of $28.4 Million as Compared with Revenue of $28.9 Million on a Pro Forma Basis in the Prior Year, Exceeding Expectations of $25 - $28 Million Adjusted EBITDA Loss of $8.9 Million, Flat as Compared to Prior Year on a Pro Forma Basis, Exceeding Expectations of a Loss of $10 - $13 Million Surf Air Mobility Inc. (NYSE:SRFM) (the "Company"), a leading regional air mobility platform, today reported financial results for the third quarter ended September 30, 2024. "The financial results for the third quarter demonstrate our continued progress on our transformation plan. We are rightsizing our air m
Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, today announced that it will release its third quarter 2024 financial results after market close on Thursday, November 14, 2024, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here or can find a link on the ‘Events & Presentations' section of our investor relations website. Alternatively, listeners may dial into the call as follows: North America - Toll-Free (800) 715-9871 International (Toll) - (646) 307-1963 Conference ID: 4775356 About Surf Air Mobility Surf Air Mobility, headquartered in Los Angeles, is a pioneering regional air mobil
Revenue of $32.4 million, up 13.2% Year-Over-Year on a Pro Forma Basis, Exceeding Expectations Adjusted EBITDA Loss of $11.8 million as Compared with a Loss of $11.1 Million on a Pro Forma Basis in the Prior Year, Materially Outperforming Expectations Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, today reported financial results for the second quarter ended June 30, 2024. "Our financial results for the second quarter demonstrate strong execution by the Surf Air Mobility team. Revenue exceeded our expectations and Adjusted EBITDA was materially higher than our initial plan. We remain focused on executing our strategy and on our unwavering commitment to e
Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, today announced that it will release its second quarter 2024 financial results after market close on Wednesday, August 14, 2024, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here or can find a link on the ‘Events & Presentations' section of our investor relations website. Alternatively, listeners may dial into the call as follows: North America - Toll-Free (800) 715-9871 International (Toll) - (646) 307-1963 Conference ID: 4775356 About Surf Air Mobility Surf Air Mobility, headquartered in Los Angeles, is a pioneering regional air m
WEST LAFAYETTE, IN, May 14, 2024 (GLOBE NEWSWIRE) -- Purdue University Airport (LAF) enters a new era on May 15th as it launches the first commercial air service since 2004, offering 4 weekly round-trip flights from West Lafayette to Chicago O'Hare (ORD). In addition, construction will soon begin on the new, $11.8 million, approximately 9,400-square-foot Amelia Earhart Terminal. But LAF's proximity to Purdue University means it's uniquely situated to address critical needs throughout the aviation industry. Beyond commercial air service, the airport is also a living lab, full of opportunities for Indiana's second-busiest airport to supercharge the spheres of aviation, logistics and conn
Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, today announced that it will release their first quarter 2024 financial results after market close on Tuesday, May 14, 2024, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here, or can find a link on the ‘Events & Presentations' section of our investor relations website. A replay of the call will also be available online for 21 days following the call. About Surf Air Mobility Surf Air Mobility, headquartered in Los Angeles, is a pioneering regional air mobility platform dedicated to transforming regional air travel through electrificati
Full year 2023 GAAP revenue of $60.5 million and Pro Forma revenue of $112.9 million, up 12% year-over-year, beating 2023 guidance. Full year 2023 GAAP Net Loss of $(250.7) million and Pro Forma Net Loss of $(185.0) million, which includes investment in R&D for electrification and software, stock-based compensation, impairments, transaction costs and other non-recurring items. Full Year 2023 Pro Forma Adjusted EBITDA of $(50.9) million, achieving 2023 guidance. Surf Air Mobility is providing unaudited pro forma results for the fourth quarter and year to date period ended December 31, 2023, which assumes the acquisition of Southern Airways closed as of the beginning of 2022. Surf
Surf Air Mobility Inc. (NYSE:SRFM), a leading regional air mobility platform, today announced that it will release their fourth quarter 2023 and full year 2023 financial results after market close on Thursday, March 28, 2024, and will host a webcast at 5:00 pm ET the same day. Interested parties can register in advance to listen to the webcast here, or can find a link on the ‘Events & Presentations' section of our investor relations website. A replay of the call will also be available online for 21 days following the call. About Surf Air Mobility Surf Air Mobility, headquartered in Los Angeles, is a pioneering regional air mobility platform dedicated to transforming regional air trave