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Stonegate Capital Partners Updates Coverage on Surf Air Mobility Inc. (SRFM) 2025 Q1

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Surf Air Mobility Inc. (NYSE: SRFM) reported Q1 2025 financial results with revenue of $23.5M, reaching the high end of guidance. The company posted an adjusted EBITDA of -$14.4M and adjusted EPS of -$1.09. Despite experiencing a brief unscheduled downtime and decreased OnDemand services revenue, SRFM met its guidance targets. The company is transitioning from its Transformation Phase to the Optimization Phase, focusing on improving profitability through strategic cost reductions. A significant highlight includes a new interline agreement with Japan Airlines (JAL), marking SRFM's first international airline partnership. The company also launched a new Jet Card program, demonstrating its commitment to enhancing customer experience.

Surf Air Mobility Inc. (NYSE: SRFM) ha riportato i risultati finanziari del primo trimestre 2025 con ricavi di 23,5 milioni di dollari, raggiungendo la fascia alta delle previsioni. L'azienda ha registrato un EBITDA rettificato di -14,4 milioni di dollari e un EPS rettificato di -1,09. Nonostante un breve periodo di inattività non programmata e una diminuzione dei ricavi dai servizi OnDemand, SRFM ha rispettato gli obiettivi previsti. La società sta passando dalla Fase di Trasformazione alla Fase di Ottimizzazione, concentrandosi sul miglioramento della redditività attraverso riduzioni strategiche dei costi. Un punto saliente è il nuovo accordo interlinea con Japan Airlines (JAL), che segna la prima partnership internazionale di SRFM con una compagnia aerea. Inoltre, l'azienda ha lanciato un nuovo programma Jet Card, dimostrando il suo impegno a migliorare l'esperienza del cliente.
Surf Air Mobility Inc. (NYSE: SRFM) reportó los resultados financieros del primer trimestre de 2025 con ingresos de 23,5 millones de dólares, alcanzando el extremo superior de sus previsiones. La compañía registró un EBITDA ajustado de -14,4 millones de dólares y un EPS ajustado de -1,09. A pesar de experimentar un breve tiempo de inactividad no programado y una disminución en los ingresos por servicios OnDemand, SRFM cumplió con sus objetivos de guía. La empresa está en transición de su Fase de Transformación a la Fase de Optimización, enfocándose en mejorar la rentabilidad mediante reducciones estratégicas de costos. Un punto destacado es el nuevo acuerdo interlínea con Japan Airlines (JAL), que marca la primera asociación internacional de SRFM con una aerolínea. Además, la compañía lanzó un nuevo programa Jet Card, demostrando su compromiso con mejorar la experiencia del cliente.
Surf Air Mobility Inc. (NYSE: SRFM)ëŠ� 2025ë…� 1분기 재무 실ì ì� 발표하며 매출 2,350ë§� 달러ë¡� ê°€ì´ë˜ìŠ� ìƒë‹¨ì—� ë„달했습니다. 회사ëŠ� ì¡°ì • EBITDA -1,440ë§� ë‹¬ëŸ¬ì™¶Ä ì¡°ì • 주당순ì´ì� -1.09달러ë¥� 기ë¡í–ˆìŠµë‹ˆë‹¤. ì§§ì€ ë¹„ì˜ˆì � ê°€ë� 중단ê³� OnDemand 서비ìŠ� 매출 ê°ì†Œì—ë„ ë¶ˆêµ¬í•˜ê³  SRFMì€ ê°€ì´ë˜ìŠ� 목표ë¥� 달성했습니다. 회사ëŠ� 현재 ë³€í˜� 단계ì—서 최ì í™� 단계ë¡� 전환 중ì´ë©�, ì „ëžµì � 비용 ì ˆê°ì� 통해 수ìµì„� í–¥ìƒì—� 집중하고 있습니다. 주요 성과로는 SRFMì� ì²� êµ­ì œ í•­ê³µì‚� 파트너십ì� ì¼ë³¸í•­ê³µ(JAL)ê³¼ì˜ ì¸í„°ë¼ì¸ 계약ì� 있습니다. ë˜í•œ, ê³ ê° ê²½í—˜ í–¥ìƒì� 위한 새로ìš� Jet Card 프로그램ë� 출시했습니다.
Surf Air Mobility Inc. (NYSE : SRFM) a publié ses résultats financiers du premier trimestre 2025 avec un chiffre d'affaires de 23,5 millions de dollars, atteignant le haut de sa fourchette de prévisions. La société a affiché un EBITDA ajusté de -14,4 millions de dollars et un BPA ajusté de -1,09. Malgré une brève interruption non planifiée et une baisse des revenus des services à la demande, SRFM a atteint ses objectifs. L'entreprise passe de sa phase de transformation à la phase d'optimisation, en se concentrant sur l'amélioration de la rentabilité grâce à des réductions stratégiques des coûts. Un point fort notable est le nouvel accord interligne avec Japan Airlines (JAL), marquant le premier partenariat international de SRFM avec une compagnie aérienne. La société a également lancé un nouveau programme Jet Card, démontrant son engagement à améliorer l'expérience client.
Surf Air Mobility Inc. (NYSE: SRFM) meldete die Finanzergebnisse für das erste Quartal 2025 mit Umsatz von 23,5 Mio. USD und erreichte damit die obere Grenze der Prognose. Das Unternehmen verzeichnete ein bereinigtes EBITDA von -14,4 Mio. USD und ein bereinigtes Ergebnis je Aktie von -1,09 USD. Trotz einer kurzen ungeplanten Ausfallzeit und einem Rückgang der Einnahmen aus OnDemand-Diensten erfüllte SRFM seine Prognoseziele. Das Unternehmen befindet sich im Übergang von der Transformationsphase zur Optimierungsphase und konzentriert sich darauf, die Rentabilität durch strategische Kostensenkungen zu verbessern. Ein bedeutendes Highlight ist die neue Interline-Vereinbarung mit Japan Airlines (JAL), die SRFMs erste internationale Fluggesellschaftspartnerschaft darstellt. Zudem wurde ein neues Jet Card-Programm eingeführt, das das Engagement zur Verbesserung des Kundenerlebnisses unterstreicht.
Positive
  • Revenue of $23.5M achieved high end of guidance range
  • Strategic partnership established with Japan Airlines through interline agreement
  • Transition to Optimization Phase focused on cost reduction and profitability
  • Launch of new Jet Card program to enhance customer experience
Negative
  • Negative adjusted EBITDA of -$14.4M
  • Adjusted EPS loss of -$1.09
  • Decrease in OnDemand services revenue
  • Unscheduled downtime affected operations in early quarter

Dallas, Texas--(Newsfile Corp. - May 15, 2025) - Surf Air Mobility Inc. (NYSE: SRFM): Stonegate Capital Partners updates their coverage on Surf Air Mobility Inc. (NYSE: SRFM). SRFM reported revenue, adj EBITDA, and adj EPS of $23.5M, ($14.4)M, and ($1.09), respectively. It is notable that the Company was well within both revenue and EBITDA guidance in the quarter, despite a short unscheduled downtime towards the beginning of the quarter and a decrease in OnDemand services revenue as the Company continues to focus on charter profitability. With the Company moving out of the Transformation Phase into the Optimization Phase we expect SRFM to improve profitability through strategic cost take outs and optimizations, with very noticeable growth expected towards the back half of FY25. We are very encouraged by the interline agreement that SRFM entered with Japan Airline, the Company's first interline agreement with an international airline. We note that this combined with the Company's launch of the new Jet Card shows the high priority of end-user experience.

To view the full announcement, including downloadable images, bios, and more, .

Key Takeaways:

  • First Quarter Revenue of $23.5 Million, achieving the High End of Guidance Range.
  • Continued Strong Progress Against Transformation Plan.
  • SRFM announced that Mokulele Airlines will launch a new interline agreement with Japan Airlines ("JAL"), a leading Japanese airline.

Click image above to view full announcement.


About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.

Contacts:

Stonegate Capital Partners
(214) 987-4121
[email protected]

Source:

To view the source version of this press release, please visit

FAQ

What were Surf Air Mobility's (SRFM) Q1 2025 financial results?

SRFM reported Q1 2025 revenue of $23.5M, adjusted EBITDA of -$14.4M, and adjusted EPS of -$1.09. The revenue achieved the high end of guidance range despite operational challenges.

What is the significance of SRFM's partnership with Japan Airlines?

The interline agreement with Japan Airlines represents SRFM's first international airline partnership, expanding their network reach and potentially enhancing service offerings for customers.

How is Surf Air Mobility (SRFM) planning to improve profitability?

SRFM is transitioning from Transformation Phase to Optimization Phase, focusing on strategic cost reductions and operational optimizations, with significant growth expected in the latter half of FY25.

What new customer initiatives has SRFM introduced in Q1 2025?

SRFM launched a new Jet Card program and established an interline agreement with Japan Airlines, both aimed at improving end-user experience.

What challenges did SRFM face in Q1 2025?

SRFM experienced a short unscheduled downtime early in the quarter and saw a decrease in OnDemand services revenue as they focused on charter profitability.
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