Core Insights - Surf Air Mobility reported a quarterly loss of $1.34 per share, missing the Street estimate of $1.06 [1] - Quarterly revenue was $27.431 million, exceeding the consensus estimate of $25.32 million but down from $32.36 million in the same period last year [1] Financial Performance - Scheduled Service revenue grew over 20%, with profitability in airline operations due to an improvement in controllable completion factor from 82% to 95% [5] - On Demand revenue increased by more than 5%, with a seven-percentage-point improvement in margins, attributed to a rise in charter flights and the positive impact of BrokerOS software [5] - The company raised $44.7 million in equity capital, strengthening its balance sheet and enhancing its strategic execution capabilities [5] Management Commentary - The CEO highlighted that the second-quarter results indicate an inflection point for the company, with a strengthened balance sheet and improved airline operations [3] - The company expressed confidence in achieving its goals by 2025, ahead of its planned expansion phase in 2026 [3]