***Sponsored by LFG Equities Corp.
SRFM flew over 330,000 passengers in the last 12 months (ending March 31, 2025) across 66,000 flights on a fleet of over 50 Cessna Grand aircraft, making it one of the largest commuter airlines in the US by scheduled departures
They have exclusive agreements with multi-billion dollar market cap company Textron Aviation (NYSE:TXT), one of the world’s largest general aviation manufacturers and a strategic relationship with Palantir Technologies (NASDAQ:PLTR), leveraging cutting-edge AI and data analytics
They announced first Quarter Revenue of $23.5 Million, Achieving the High End of Guidance Range of $21 – $24 Million
Heavyweight investors like Palantir, BlackRock, Vanguard, and Goldman Sachs have taken positions in SRFM
Surf Air Mobility Announces $1 Million Purchase of Company Stock by Co-Founder
CHECK OUT THE MOST RECENT INVESTOR PRESENTATION HERE
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Hello Everyone,
We have something back on our radar ahead of Tuesday’s session that you are going to want to research. That is if you aren’t already watching this one from early June when we brought it to your attention and told you to research it. It was sitting at just over 2 bucks back then.
Well it just hit $9.91 on Friday. That’s an almost 500%+ move in a little over a month’s time. It closed green 6 sessions in a row before Monday’s session.
What we saw today was a healthy pullback. This one is up so much in the past month that we saw some profit taking and potentially some shorting during Monday’s session. We want to take another look at this one with all of its momentum.
A Quick Look at this company and you can’t help but draw comparisons to corporate giants Uber and Lyft.
The main difference is that SRFM is doing it IN THE AIR and there certainly seems to be demand for it.
Putting the infrastructure in place for something like this is no easy task. That is why they inked an agreement with AI Blue Chip, Palantir.
Unlike others in the space, Surf Air Mobility isn’t just a concept—it’s a fully operational business generating real revenue and focused on leading the charge in transforming regional air mobility.
The company and business model has even caught the eye of AI Giant Palantir. They have a stake of 4.46 million shares in the company as of April. I know “Smart Money” is an objective term but I will go ahead and assume that Palantir has done their research.
Surf Air Mobility is a Los Angeles-based regional air mobility platform expanding the category of regional air travel to transform flying through the power of electrification and software. In an effort to substantially reduce the cost and environmental impact of flying and as the owner of one of the largest commuter airlines in the US, Surf Air Mobility intends to develop powertrain technology with its commercial partners to electrify existing fleets and bring electrified aircraft to market at scale. The management team has deep experience and expertise across aviation, electrification, and consumer technology.
A lot has happened with the company since the last time we put it in front of you.
Most recently we saw the chairman and also one of the co-founders put their money where their mouth is. Using our last profile on SRFM back in August as a benchmark, you can see that as of late, management has the company heading in the right direction.
The company has been taking some serious steps towards their transformation plan.
- Relocated their Air Operations Center to Addison, Texas, a suburb of Dallas—placing them in the heart of one of America’s top aviation talent hubs.
- Hired elite leadership from Southwest Airlines, Hawaiian Airlines, Amazon Air, Flexjet, and Bombardier to run operations with military-level efficiency.
- Delivered four brand-new Cessna Grand Caravan EX aircraft from Textron Aviation to refresh their fleet and prep for future electric upgrades.
And they’re not stopping there.
In 2025, Surf Air (NYSE:SRFM) plans to:
- Achieve profitability in airline operations (defined by positive adjusted EBITDA) this year
- Roll out SurfOS to more third-party users, with the potential to open a new high-margin software revenue stream
On top of that, they’re working to create a new venture called Surf Air Technologies—a dedicated venture focused on commercializing SurfOS. The company has even stated it’s considering bringing in outside investors to fund this separately.
Internationally, MOUs are already in place to electrify commuter fleets in Brazil and Kenya once the technology is certified—opening up first-mover advantages in emerging markets where regional air travel is essential.
And with new FAA subsidies approved by Congress in 2024, providing potential tailwinds to Surf Air’s subsidized essential air routes via its airline subbrands, Southern Airways and Mokulele Airlines.
This is key—because while rivals are still trying to certify futuristic prototypes…
Surf Air Mobility (NYSE:SRFM) is already embedding itself into the backbone of regional air infrastructure.
This isn’t a long-term science experiment.
This is a near-term commercial story with real milestones.
Surf Air Mobility Announces $1 Million Purchase of Company Stock by Co-Founder
MAY 28, 2025
Co-Founder and Member of the Board, Sudhin Shahani, purchased over 400,000 shares of Surf Air Mobility Inc. Common stock at market price
LOS ANGELES–(BUSINESS WIRE)– Surf Air Mobility Inc. (NYSE: SRFM) (“the Company”, “Surf Air Mobility”), a leading regional air mobility platform, announced that Co-Founder and Member of the Board, Sudhin Shahani, purchased 408,163 shares of the Company’s common stock at the market price, for a purchase price of approximately $1 million, directly from the Company in a private transaction.
Mr. Shahani said: “Our Transformation Plan is already having an early impact. We’ve improved operations and strengthened the core business. I’m confident in our experienced leadership team’s continued execution capabilities.”
The Company remains focused on the Optimization Phase of the Transformation Plan with key initiatives to optimize airline operations, recalibrate the On Demand business, and drive efficiencies from SurfOS.
Top Reasons to Research This One
- A Massive Growth Market: By 2035, the total addressable market (TAM) for small regional flights globally could reach $75 billion to $115 billion by 2035
- One of The Largest Commuter Airlines in the US: Surf Air Mobility Inc. (NYSE:SRFM) is one of the leaders in the nation with the most scheduled departures, carrying over 330,000 passengers on 66,000 flights in the last 12 months ending March 31, 2025.
- Impressive Revenue Performance: The company generated ~$112M in revenue in the last 12 months ending March 31, 2025.
- Powerful Commercial Relationships: Strategic alliances with industry leaders like Palantir Technologies and Textron Aviation bolster Surf Air’s competitive edge across the value chain.
- Seasoned Leadership Team: A management team with extensive experience, including past leadership roles at Bombardier Flexjet, United, and Wisk, is driving the company forward.
- Multi-Phased Transformation Plan: Backed by a cumulative ~$82 million from recent financings, SRFM is executing a four-phase transformation plan designed to optimize its airline operations and put them on a path to profitability, broadly offer its SurfOS software, expand routes, and create a platform for new electrification technology in the future.
- Game-Changing Collaboration: The recent agreement with a leading tech giant is a significant step forward for Surf Air Mobility. By harnessing Palantir’s cutting-edge AI and data analytics platforms, this collaboration will enable the company to deliver unparalleled operational efficiencies, setting a new standard in the air mobility market.
- Pioneering Sustainable Aviation: Surf Air Mobility is not only focused on improving operational efficiency but also on sustainability. By developing powertrain technology to electrify smaller existing aircraft, the company is taking significant steps toward decarbonizing air travel once certified. Imagine a future where flying between 50 to 500 miles is not only eco-friendly but also cost-effective—a vision that Surf Air Mobility is actively working to make a reality for itself and others.
- Strategic Partnerships and Global Reach: Surf Air Mobility continues to expand its global footprint through strategic deals in places like East Africa and Brazil.
Surf Air Mobility Unveils Four-Phase Transformation Plan
2024
PHASE 1: TRANSFORMATION | COMPLETE
The first phase of the Transformation Plan is now complete. The Transformation phase was centered around four key initiatives: 1) improving the company’s capital structure, 2) strengthening the company’s balance sheet, 3) appointing the right management team, and 4) realizing M&A synergies from the company’s merger with Southern Airways.
Surf Air Mobility addressed these key initiatives in the following ways: 1) improved its capital structure by securing $50 million in funding and extended the maturities of other secured debt until December 31, 2028, 2) strengthened its balance sheet by addressing past liabilities totaling approximately $70 million with an expected target reduction of greater than 50%, 3) hired and promoted leaders with decades of aviation experience across the organization, and 4) realized M&A synergies totaling approximately $6.5 million.
2025-2026
PHASE 2: OPTIMIZATION
Surf Air is now in the second phase of its Transformation Plan: Optimization. This phase of the plan is focused on maximizing the profitability of the company’s scheduled service and On Demand charter operations.
As part of scheduled service optimization, the company is implementing systems and processes to measure and drive efficiencies against real-time operational and financial KPIs. The company is also addressing its deferred maintenance backlog to improve aircraft availability and flight completion rates. In parallel, the company is exiting unprofitable routes and redeploying aircraft. Through this reallocation of aircraft assets, Surf Air is calibrating the timing of its purchases of new aircraft to match the timing of its route expansion phase in 2026 and 2027. As a result of these initiatives, management expects its airline operations to become profitable in FY 2025, as defined as positive Adjusted EBITDA.
As part of the recalibration of its On Demand business, Surf Air’s go-forward strategy focuses on expanding market share in the higher margin jet category, securing inventory through advance volume purchase agreements and pursuing international partnerships. These efforts are designed to drive revenue growth and profitability in the On Demand business over time.
Finally, the company anticipates that further implementation of its SurfOS software solutions, which it is developing with Palantir, will continue throughout the Optimization phase to drive productivity and efficiency improvements across the organization.
2026-2027
PHASE 3: EXPANSION
Surf Air Mobility anticipates entering the third phase of its Transformation Plan, Expansion, in FY 2026. During this phase, the company will profitably expand its network by launching new tier-1 routes in regions across the U.S., using data-driven insights to quantify and qualify route attractiveness. As a base case, tier-1 routes will be selected for profitability using current combustion aircraft with further margin improvements anticipated once electrified planes are commercialized.
Alongside this network expansion, Surf Air anticipates pursuing additional venture opportunities that leverage the company’s scale, to separately capitalize high-growth initiatives with strategic partners.
During the Expansion phase, SurfOS will be broadly marketed to third-party customers (including air operators, charter brokers, and aviation OEMs) through the Surf Air Technologies venture entity developing an operating system powered by Palantir, and will begin to develop revenue traction. As one of the largest commuter airlines in the U.S. by scheduled departures, Surf Air Mobility is uniquely positioned to develop, test, and deploy software solutions that will power the emergence and growth of the Regional Air Mobility segment, which McKinsey & Co. estimates will grow to between $75 billion and $115 billion globally by 2035.
2027+
PHASE 4: ACCELERATION
The company anticipates entering the last phase of its Transformation Plan, Acceleration, in FY 2027. During this phase, Surf Air plans to spur revenue growth and margin expansion by leveraging its air mobility platform to accelerate the adoption of new aviation technologies–its own and that of others–and leverage the network effects of its operator platform to emerge as a category leader.
A key focus of the Acceleration phase is the certification of the company’s proprietary electrified powertrain technology for the Cessna Grand Caravan, which Surf Air currently anticipates will occur within the framework of a joint venture with a leading industry partner. Post-certification of its electrified powertrain technology, Surf Air will leverage its exclusive sales and marketing relationship with Textron Aviation, a leading general aviation manufacturer and Cessna owner, to commercialize these powertrains.
Surf Air Mobility Introduces Flagship SurfOS™ AI-Enabled Product Suite for Air Mobility Industry
JUN 10, 2025 6:30AM EDT
Unveils BrokerOS, OperatorOS, and OwnerOS: a unified, AI-enabled software platform to make the Air Mobility industry more efficient, reliable, and profitable.
Software tools are being designed to serve the current regional aviation industry while laying the foundation for the future Air Mobility customer landscape.
LOS ANGELES–(BUSINESS WIRE)– Surf Air Mobility Inc. (NYSE: SRFM) (“the Company”, “Surf Air Mobility”), a leading regional air mobility platform, today unveiled the three flagship software products of the Company’s SurfOS AI-enabled operating system scheduled for broad commercial release in 2026. BrokerOS, OperatorOS, and OwnerOS are purpose-built to address the needs of charter brokers, aircraft operators, and aircraft owners, respectively.
SurfOS will integrate industry data into a single, federated platform, creating an operating system for the Regional Air Mobility industry powered by Palantir Technologies (NASDAQ: PLTR).
Deanna White, CEO and COO of Surf Air Mobility, said: “From crew scheduling to flight planning to sourcing on-demand charter aircraft, SurfOS is helping our teams work smarter every day. As we roll out more SurfOS tools internally, we will continue to automate manual tasks and improve reliability to ensure our aircraft and crews are operating as efficiently as possible.”
Sudhin Shahani, Co-founder of Surf Air Mobility, said: “We’re creating an operating system that unifies industry data to improve efficiency and increase profitability. Our software will not only serve today’s regional and private aviation stakeholders, but is also being built in anticipation of the rapidly approaching era of electrified aircraft. These new electrified aircraft operators will need modern software to manage flight operations and consumer distribution.”
SurfOS flagship products:
BrokerOS consists of software tools specifically tailored for charter brokers. BrokerOS software tools streamline sourcing, quoting, booking, and payments for charter brokers. These tools will reduce manual workflows and will give both new and experienced brokers instant access to available inventory, live pricing, and end-to-end trip management capabilities.
BrokerOS is currently being used to manage the Company’s Surf On Demand charter service and, once commercially available, will target the hundreds of Part 295 private charter broker companies and thousands of travel agents worldwide.
OperatorOS consists of software tools specifically tailored for aircraft operators. OperatorOS software tools are designed to optimize aircraft and crew scheduling for both Part 135 charter operators and scheduled commuter airlines. Leveraging these tools, operators can reduce turn times and improve aircraft and pilot utilization by tapping into operational data and automated crew planning. OperatorOS also includes a companion mobile Crew App, currently used by the Company today, that enables flight crews to check in for duty and receive flight schedules and operational updates to streamline day-of-flight coordination.
Once commercially available, OperatorOS will target the 1,800+ Part 135 operators, of which the Company’s commuter airline, Southern Airways, is one of the largest in the U.S. by scheduled departures.
OwnerOS consists of software tools specifically tailored for aircraft owners. OwnerOS software tools are designed to deliver transparency and optimization capabilities to private aircraft owners. Through a native integration with OperatorOS, private aircraft owners will gain insight and better visibility into how their assets are being used as well as an interface to support decisions that optimize aircraft utilization to generate better returns on assets.
Once commercially available, OwnerOS will target the owners of the 11.7K+ Part 135 aircraft in use today.
SurfOS currently has beta agreements with eight users that are helping shape the development of key BrokerOS and OperatorOS features.
While SurfOS is positioned to serve the Regional Air Mobility industry, which is projected to be $75–$115 billion globally by 2035, the first commercial software products will have a more immediate impact on today’s private aviation landscape. BrokerOS and OperatorOS are designed to address the global private jet charter services market, an estimated $41 billion opportunity by 2029, while OwnerOS is designed to address the estimated $40 billion global private aircraft sales market.
Revenue Streams
SRFM is revamping travel. They’re not just changing the game; they’re rewriting the playbook with a diverse revenue mix.
Their role in essential air services (EAS) adds consistent, subsidized revenue.
SRFM has a multi-pronged strategy to transform the skies:
- Acquisition of Southern Airlines jumpstarted operations, deploying a fleet of ~50 aircraft on a nationwide network of flights.
- Agreement with Textron Aviation for new Cessna Grand Caravan EX models
SRFM has begun making waves in East Africa and Brazil, sealing strategic MOU agreements with air operators to electrify their fleets once the technology is certified.
In a groundbreaking move, Surf Air Mobility has announced MOU agreements with some of Kenya’s premier safari air services, Safarilink,Yellow Wings Air, and Z.Boskovic to electrify their fleets.
By upgrading existing Cessna Grand Caravan aircraft fleets with SRFM cutting-edge electrified powertrain technology, they could revolutionize air travel in Kenya and beyond.
This initiative builds upon Surf Air Mobility’s earlier collaboration with Azul, Brazil’s largest airline, to electrify up to 27 of its Cessna Caravans.
With targets of reducing direct operating costs by up to 50% and eliminating 100% of direct carbon emissions on fully electric versions of the powertrain, Surf Air Mobility Inc. (NYSE:SRFM) plans to propel the industry towards a greener, more efficient future in regional air travel.
Surf Air Mobility Reports Key Achievements in Optimization Phase of Transformation Plan
Company has achieved record-high scheduled airline reliability.
LOS ANGELES–(BUSINESS WIRE)– Surf Air Mobility Inc. (NYSE: SRFM) (“the Company”, “Surf Air Mobility”), a leading regional air mobility platform, today announced key progress within the second phase of the Company’s four-phase Transformation Plan. The Optimization phase is focused on operational improvements and internal SurfOS™ technology deployment to achieve profitability in the Company’s airline operations this year, defined as positive Adjusted EBITDA.
Recent Optimization phase key achievements include:
Optimize airline operations (Southern Airways and Mokulele Airlines)
- Steadily improved controllable completion factor over the past several months with an increase of 10% compared to FY24.
- Steadily improved D0 (on time departures) over the past several months with an increase of 21% compared to FY24.
- Steadily improved A14 (arrivals within 14 minutes of planned schedule) over the past several months with an increase of 21% compared to FY24.
- Recently won a bid contract renewal in one Essential Air Service community, resulting in ~$9.9 million of additional subsidy revenue over the next 4 years.
Controllable completion factor, D0, and A14, are currently the highest on record since January 2023, and the Company believes the continued improvements to operational reliability will further strengthen customer satisfaction and position the airline for long-term, profitable growth.
Recalibrate the On Demand business
- The Surf On Demand business has now worked with over 425 operators since inception.
Drive efficiencies from SurfOS
- Pilot reporting for non-regulatory filings of Flight Risk Assessment Tool (FRAT) reports have doubled since the launch of the Company’s Crew App, strengthening its safety culture, enhancing its operational visibility, and enabling proactive risk mitigation.
The company attributes much of the operational improvement to steps taken by its strengthened senior leadership team with talent from Southwest, Flexjet, and Amazon Air, as well as the significant investments made in refurbishing aircraft, introducing new Cessna Caravans into service, and the broadening internal adoption of SurfOS.
Deanna White, CEO and COO of Surf Air Mobility, said: “The primary objective of the Optimization phase of our Transformation Plan is to build a more efficient and profitable organization to set the foundation from which to expand our network and accelerate our growth. These recent results illustrate the impact of the significant investments we’ve made across the organization and within our fleet. These improved metrics reflect a tangible return on investment and highlight the results and execution momentum of our Transformation Plan.”
Surf Air Mobility remains on track to enter the third phase of the company’s Transformation Plan, “Expansion,” in 2026, within which the Company plans to launch new scheduled routes and offer SurfOS to third-party customers.
NEWS
Surf Air Mobility to Present at the Emerging Growth Conference
4 days ago
Surf Air Mobility Announces $27 Million Registered Direct Offering of Common Stock
Jun 25, 2025
Surf Air Mobility Reports Key Achievements in Optimization Phase of Transformation Plan
Jun 17, 2025
Surf Air Mobility Introduces Flagship SurfOS™ AI-Enabled Product Suite for Air Mobility Industry
Jun 10, 2025
Surf Air Mobility Announces $1 Million Purchase of Company Stock by Co-Founder
May 28, 2025
Stonegate Capital Partners Updates Coverage on Surf Air Mobility Inc. (SRFM) 2025 Q1
May 15, 2025
Surf Air Mobility to Present at the Third Annual Jefferies eVTOL / AAM Summit
May 14, 2025
Surf Air Mobility Reports First Quarter 2025 Financial Results
May 13, 2025
Mokulele Airlines and Japan Airlines Announce New Interline Agreement
May 6, 2025
Surf Air Mobility to Announce First Quarter 2025 Financial Results on May 13, 2025
May 2, 2025
Surf Air Mobility Closes $5 Million Registered Direct Offering of Common Stock
Apr 1, 2025
Surf Air Mobility Announces $5 Million Registered Direct Offering of Common Stock
Mar 31, 2025
Stonegate Capital Partners Initiates Coverage on Surf Air Mobility Inc. (SRFM)
Mar 24, 2025
Surf Air Mobility Reports Fourth Quarter and Full Year 2024 Financial Results
Mar 18, 2025
Surf Air Mobility to Announce Fourth Quarter and Year End 2024 Financial Results on March 18, 2025
Mar 6, 2025
Surf Air Mobility Announces Launch Customers for SurfOS™ Software
Mar 4, 2025
Surf Air Mobility Strengthens Aviation Leadership Team with Key Executive Appointments
Mar 3, 2025
Surf Air Mobility Relocates Air Operations Center to Addison, TX
Feb 25, 2025
Surf Air Mobility Publishes Video on Air Mobility Business
Feb 14, 2025
Jan 29, 2025
Surf Air Mobility Announces Open Market Purchases of Company Stock by Board Members
Dec 27, 2024
Surf Air Mobility Appoints David Anderman to Board of Directors
Dec 19, 2024
Surf Air Mobility Announces Approximately 90% Reduction to Contemplated Future Equity Dilution
Dec 12, 2024
Deanna White Appointed as Surf Air Mobility’s Chief Executive Officer
Dec 10, 2024
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