Core Insights - Surf Air Mobility Inc. (SRFM) reported Q1 2025 revenue of $23.5 million, achieving the high end of its guidance range, with adjusted EBITDA of ($14.4) million and adjusted EPS of ($1.09) [1][5] - The company is transitioning from the Transformation Phase to the Optimization Phase, aiming to improve profitability through strategic cost reductions and optimizations, with significant growth expected in the latter half of FY25 [1][5] - SRFM has entered into its first interline agreement with Japan Airlines, which is expected to enhance end-user experience alongside the launch of a new Jet Card [1][5] Financial Performance - Q1 2025 revenue was $23.5 million, aligning with the high end of the guidance range [5] - Adjusted EBITDA for the quarter was reported at ($14.4) million [1] - Adjusted EPS for the quarter was ($1.09) [1] Strategic Developments - The company is focusing on charter profitability, which has led to a decrease in OnDemand services revenue [1] - The interline agreement with Japan Airlines marks a significant milestone for SRFM, indicating a strategic partnership with an international airline [1][5] - The launch of the new Jet Card emphasizes the company's commitment to enhancing the end-user experience [1][5]