LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) ("Surf Air Mobility†or the "Company†), a leading air mobility platform, today announced it has partnered with the Hawaii Department of Transportation ("HDOT†) and electric aerospace company, BETA Technologies (NYSE: BETA) ("BETA†), on the request for proposal ("RFP†) application for the Electric Vertical Takeoff and Landing Integration Pilot Program ("eIPP†), a federal public-private initiative within the White House's Advanced Air ...

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (the "Company†, "Surf Air Mobility†) today provided an operational update on its Mokulele Airlines ("Mokulele†) scheduled airline business, highlighting its Hawaii network as a core strategic asset and reaffirming the Company's commitment to continued investment across the network. Mokulele operates the largest airline network in Hawaii by airports served and has the most scheduled departures among commuter airlines in Hawaii, op. ...

th Surf Air Mobility is a Los Angeles-based air mobility platform. With its AI-enabled SurfOS software and electrification programs, Surf Air Mobility provides technology designed to support the modernization of air operations and the adoption of next-generation aircraft. The company currently operates one of the largest commuter airlines in the United States, which provides operational scale and real-world operating data to validate and deploy its software. Together, these capabilities position Surf Air Mo ...

Core Insights - Surf Air Mobility Inc. (NYSE:SRFM) has allocated $26 million from a recent $100 million strategic transaction to develop and commercialize its SurfOS products, including BrokerOS, OperatorOS, and OwnerOS [1][2]. Funding and Development - The funding will enhance engineering and go-to-market capabilities, develop enterprise-grade solutions, and introduce new modules, aiming to increase market share in the air mobility software sector [2]. - SurfOS's core operating system is powered by Palantir Technologies Inc.'s Foundry and AIP Platforms, specifically for the Part 135 regional aviation segment, with an expanded partnership for enterprise implementation services [3]. Operational Improvements - Surf Air Mobility Inc. has reported operational improvements after adopting SurfOS tools, including reduced On Demand team expenses, leading to higher revenues at lower costs, and a significant increase in bookings per broker [4]. - The crew scheduling tool in the Northeast and Hawaii regions has helped prevent scheduling errors, reduce compliance risk, and simplify operations [4]. Company Overview - Surf Air Mobility Inc. operates in electric aviation, software, and air travel, providing technology to modernize air operations and support the adoption of next-generation aircraft [5].

Core Insights - Surf Air Mobility Inc. is advancing its AI-enabled software, SurfOS, aimed at integrating the air mobility ecosystem to enhance efficiency and profitability [1][4] - The company has allocated $26 million from a recent $100 million strategic transaction to further develop and commercialize SurfOS products [2] - SurfOS is expected to set a new standard for AI-enabled regional aviation software, supported by a partnership with Palantir Technologies [4] SurfOS Development and Features - SurfOS includes flagship products such as BrokerOS, OperatorOS, and OwnerOS, which are designed to improve operational capabilities and market reach [2] - Recent internal feature launches include a predictive analytics dashboard for crew performance and expanded capabilities in the Flight Ops crew mobile app [10] - The company has reported a 36% reduction in On Demand team expenses and a 197% increase in bookings per broker since adopting SurfOS [6] Strategic Partnerships - The partnership with Palantir has been expanded to include enterprise implementation services, enhancing Surf Air's go-to-market resources [4] - Palantir's Foundry and AIP platforms are integral to SurfOS, providing the necessary infrastructure for the transition to next-generation air mobility [4][5] Operational Improvements - The implementation of SurfOS has led to a 14% decrease in quote-to-booking time and a 75% increase in on-platform transactions [6] - The OperatorOS tool is helping to prevent scheduling errors and reduce operational complexity in the Northeast and Hawaii regions [7] Company Overview - Surf Air Mobility is positioned as a leader in the air mobility sector, leveraging its AI-enabled software and electrification programs to modernize air operations [8] - The company operates one of the largest commuter airlines in the U.S., providing valuable operational data to validate its software solutions [8]

Core Viewpoint - Surf Air Mobility Inc. (SRFM) has received a Zacks Rank 2 (Buy) upgrade, indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which have a strong correlation with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in buying or selling actions that affect stock prices [4]. Company Performance Indicators - For the fiscal year ending December 2025, Surf Air Mobility Inc. is projected to earn -$3.37 per share, which remains unchanged from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Surf Air Mobility Inc. has increased by 4.4%, reflecting a positive outlook from analysts [8]. Zacks Rating System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) to Zacks Rank 5 (Strong Sell), and has shown an impressive track record of returns [7]. - Only the top 20% of Zacks-covered stocks receive a "Strong Buy" or "Buy" rating, indicating superior earnings estimate revisions [10].

Summary of Surf Air Mobility Conference Call Company Overview - **Company**: Surf Air Mobility - **Industry**: Aviation, specifically focusing on short-haul flights and advanced air mobility solutions - **Vision**: To create a business platform for the future air mobility ecosystem, transforming how stakeholders provision short-haul flights [4][5] Key Points Business Model and Strategy - Surf Air operates millions of miles in a charter model and on-demand services, gaining insights into the market [4] - The company is building a digital infrastructure to support its business model and the evolving air mobility ecosystem [4][7] - A partnership with Palantir is crucial for developing Surf OS, a technology platform aimed at enhancing operational efficiency [5][25] Financial Performance and Funding - Recently secured $100 million in financing, which will be used to pay down debt, strengthen the balance sheet, and advance technology initiatives [6] - On-demand revenue grew by 42% sequentially, while scheduled services revenue decreased due to a strategic shift towards higher-margin services [10][11] Technology Development - Surf OS is expected to launch commercially in 2026, comprising three modules: Broker OS, Operator OS, and Owner OS [19][20] - The platform aims to streamline data management and improve operational efficiency within the aviation ecosystem [22][36] - Beta testing with charter brokers has provided valuable feedback for continuous improvement of the Surf OS application [22] Market Position and Future Outlook - Surf Air is well-positioned to leverage new electrified aircraft, particularly in its Hawaii network, which serves as a testbed for new technology [14][15][34] - The company anticipates a transition of consumers from cars to planes due to improved operating costs from electrification [35] - Plans to expand internationally with Surf OS, targeting both domestic and global markets [29] Strategic Partnerships - The exclusive five-year partnership with Palantir enhances Surf Air's data management capabilities and AI tools, crucial for building the digital infrastructure for advanced air mobility [25][26] - Palantir's investment and expertise are seen as vital for Surf Air's ambitions in the aviation market [26][27] Industry Trends - Significant investments are being made in eVTOL development, indicating a shift towards small aircraft and advanced air mobility solutions [34] - Surf Air's experience with small aircraft positions it as a preferred operator for new aircraft types [34][36] Valuation Perspective - Investors are encouraged to view Surf Air's value as an integrated enterprise rather than as separate business segments, as all components are interconnected [31][32] Additional Insights - The company is exploring opportunities in electrification and hybrid electric powertrains, particularly in partnership with Textron for the Caravan aircraft [38][39] - Surf Air aims to provide segment-level reporting to enhance transparency for investors [33]

Core Insights - Surf Air Mobility (SRFM) is a regional air mobility company trading at approximately $2 per share, showing potential for rapid evolution due to an improved balance sheet and a high-potential AI software platform nearing commercialization [1][4] - Wall Street analysts predict that the undervalued penny stock could increase by as much as 458% next year, especially with the launch of SurfOS set for 2026 and the company moving towards profitability [2] Company Overview - Founded in 2012, Surf Air Mobility generates revenue through scheduled commuter flights and on-demand charter services, as well as through its developing SurfOS software platform aimed at improving operational efficiency for charter brokers and aircraft operators [4] Financial Performance - In Q3 2025, the company reported total revenue of $29.2 million, a 3% increase year-over-year, surpassing its guidance range of $27 million to $28.5 million [5] - The growth was driven by a 40% increase in On Demand revenue compared to Q2, aided by a shift towards larger aircraft and international flights [5] - Despite the revenue growth, the company reported a net loss of $27.2 million in Q3 [5] Strategic Developments - The company entered a five-year exclusive agreement with Palantir Technologies to enhance its AI capabilities and target enterprise clients, aircraft manufacturers, and the FAA [6] - A significant $100 million strategic deal was completed to expedite the development of the SurfOS platform and improve the company's balance sheet [6] - The company successfully reduced its debt by $52 million through repayments and conversions [6]

Core Insights - Surf Air Mobility Inc. is collaborating with Palantir Technologies to develop a software platform named "SurfOS" aimed at supporting the adoption of hybrid-electric aircraft in the aviation industry [2][4][5]. Group 1: Strategic Partnership and Software Development - The partnership with Palantir is central to Surf Air's mission to create the necessary infrastructure for hybrid-electric aviation [2]. - "SurfOS" is built using Palantir's Foundry and Artificial Intelligence Platform, focusing on optimizing flight schedules and aircraft utilization [2][4]. - The software aims to connect brokers, operators, and owners in the fragmented "Part 135" regional market, which is currently underserved [3]. Group 2: Hardware and Electrification Initiatives - Surf Air is also pursuing hardware advancements, working with OEM Textron to develop electrified powertrains for the Cessna Caravan, which is a key aircraft in their fleet [4]. - The software and hardware strategies are interconnected, with "SurfOS" designed to help manage the complexities of an electrified fleet [5]. Group 3: Market Position and Performance - Despite the S&P 500's year-to-date increase of 13.18%, Surf Air has underperformed with a negative return of 58.81%, although it saw an 8.29% increase over the year [9]. - The stock maintains a negative price trend across short, medium, and long-term periods [9].

Core Viewpoint - Surf Air Mobility's stock has significantly declined from approximately $8.80 in mid-July to $2.63, primarily due to substantial net losses and concerns over shareholder dilution following equity offerings [2][3] Financial Performance - The company reported net losses of $27.2 million in Q3 2025 and $28.0 million in Q2 2025, indicating ongoing financial struggles [2] - Despite these losses, Surf Air surpassed revenue expectations in its Q3 earnings report and achieved a second consecutive quarter of profitability in airline operations when considering adjusted EBITDA [4] Strategic Initiatives - Surf Air is transitioning from a traditional airline model to a software infrastructure provider for advanced air mobility, with ambitions to electrify short-haul regional air travel through hybrid and fully electric propulsion systems [7] - The partnership with Palantir has been strengthened, with Palantir increasing its investment to nearly 20% ownership and providing AI technology for SurfOS, which aims to be the operating system for the aviation sector [8] Market Potential - The potential for SurfOS is significant, as it could serve as essential software for eVTOL manufacturers and regional airlines, managing operations and optimizing routes [9] - If SurfOS captures 10% of the software/platform segment in the advanced air mobility market, it could generate $150–$250 million in recurring revenue, supporting a valuation of $1.2-1.5 billion based on software multiples [12][13] Future Outlook - The company has a phased plan for SurfOS development, aiming to demonstrate operational efficiency improvements within 1-2 years, establish partnerships with eVTOL manufacturers in 2-4 years, and scale to dozens of operators in 4-6 years [10][11] - The transition from being an airline with software to a software company that understands aviation presents a high-risk, high-reward scenario, with the potential for a 10x return if successful [17]