Surf Air Mobility Inc
surfair.comWhat Do They Do?
Operates scheduled passenger flights and on-demand charters for travelers, and develops aviation software and electrification technology for air operators.
10-K for FY2025, filed Mar 12, 2026Scheduled Air Service - We generate revenue from operating scheduled commercial air service flights which are sold to the public primarily…View ↗
On-Demand - We generate revenue from on-demand flights created for customers on an ad-hoc, by request basis. A small number of the…View ↗
The Air Mobility business is an established regional air mobility platform providing scheduled service and an on-demand charter marketplace…View ↗
How Do They Make Money?
Passengers buy scheduled seats or membership subscriptions and request charter flights; payments are generally collected before service, while Essential Air Service contracts earn revenue for completed flights.
10-K for FY2025, filed Mar 12, 2026Scheduled Air Service - We generate revenue from operating scheduled commercial air service flights which are sold to the public primarily…View ↗
The EAS program was put into place in the United States following the Airline Deregulation Act of 1978 to ensure that small communities…View ↗
On-Demand - We generate revenue from on-demand flights created for customers on an ad-hoc, by request basis. A small number of the…View ↗
Deferred RevenueView ↗
-
10-K for FY2025, filed Mar 12, 2026
FY2025 revenue by product or service ↗
$106.6M
-
10-K for FY2025, filed Mar 12, 2026
$106.6M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Scheduled
|
72%
FY2022: 21%
|
Scheduled, FY2025
$77M Sources
|
|
|
On Demand
Sold outright
10-K for FY2025, filed Mar 12, 2026 |
28%
FY2022: 79%
|
On Demand, FY2025
$29.6M Sources
|
Sold outright |
Who Are Their Customers?
Travelers can buy scheduled tickets or request private charters through the company’s app and website; the Department of Transportation awards contracts for scheduled service to underserved communities.
10-K for FY2025, filed Mar 12, 2026
Do Revenues Turn Into Profits?
No. It lost $110.6M in FY2025.
10-K for FY2025, filed Mar 12, 2026
−$76.9MView ↗
10-K for FY2025, filed Mar 12, 2026
−$110.6MView ↗
10-K for FY2025, filed Mar 12, 2026
−$70.1MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 10, 2026
−$28.1MView ↗
- ▲ 0% (Loss)
- vs −$28M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 10, 2026
Open tableView ↗
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Aug 10, 2026
Issued third-quarter guidance and reaffirmed full-year guidance
Third-quarter revenue guidance was $35.5 million to $37.5 million; full-year revenue guidance remained $128 million to $138 million.
Sources
8-K, filed Aug 10, 2026
Revenue in the range of $35.5 million to $37.5 million. These expectations reflect continued growth in On Demand private charter revenue…View ↗
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Jul 24, 2026
Received an NYSE notice for a share-price listing deficiency
The notice had no immediate effect on listing; the company said it intended to seek compliance.
Sources
8-K, filed Jul 24, 2026
On July 24, 2026, the Company received a notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) indicating the Company is not…View ↗
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Jun 25, 2026
Signed a BrokerOS subscription deal with Wheels Up
Wheels Up will pay $8.0 million for an initial two-year term, with an optional one-year extension for $4.2 million.
Sources
8-K, filed Jun 25, 2026
On June 22, 2026, Surf Air Technologies Inc., a wholly-owned subsidiary of Surf Air Mobility Inc. (the “Company”), and Wheels Up Experience…View ↗
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May 22, 2026
Chairman Carl Albert chose not to seek re-election
The board elected Shawn Pelsinger as successor chairman, effective at the annual meeting.
Sources
8-K, filed May 22, 2026
On May 18, 2026, Carl Albert, the Chairman of the Board of Directors (the “Board”) of Surf Air Mobility Inc. (the “Company”), notified the…View ↗
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