Surf Air Mobility Inc (NYSE:SRFM)

Q1 2025 Surf Air Mobility Inc Earnings Call Transcript

May 13, 2025 / 09:00 PM GMT

Release Date Price: $2.87 (+4.74%)

Transcript 10-Q8-K

Key Points

Positve

Surf Air Mobility Inc (SRFM) reported first-quarter revenue of $23.5 million, at the high end of their expected range, keeping them on track to meet their full-year expectation of over $100 million in revenue.
The company successfully raised an incremental $5 million in funding, enhancing their liquidity and balance sheet management.
Surf Air Mobility Inc (SRFM) has entered into an interline agreement with Japan Airlines, expanding their potential access to over 435 million customers and enhancing connectivity in the Hawaii region.
The company is making substantial progress on their electrification initiative, with late-stage discussions with key partners to advance their work.
Surf Air Mobility Inc (SRFM) has improved their flight completion factor to above 92% in the first six weeks of the second quarter, indicating operational improvements and increased customer satisfaction.

Negative

The company experienced a brief service interruption in the first quarter due to maintenance issues, impacting their operational levels temporarily.
Scheduled service revenue decreased by 23% year over year, primarily due to the elimination of unprofitable routes and a brief interruption of service.
On-demand service revenue decreased by 25% year over year, driven by a mix of lower sales and flight completions.
The company is navigating a challenging economic, regulatory, and funding environment, which requires aggressive management of operations and cost structures.
Surf Air Mobility Inc (SRFM) is still capital constrained, which has impacted their ability to fully execute their transformation plan.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SRFM.N - Surf Air Mobility Inc
Q1 2025 Surf Air Mobility Inc Earnings Call
May 13, 2025 / 09:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Thank you for standing by. My name is Eric and I will be a conference operator today.

At this time, I would like to welcome everyone to the Surf Air Mobility Q1 2025 earnings call.

All lines have been placed on mute to prevent any background noise.

After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during this time, simply press start, followed by the number one on your telephone keypad.

If you would like to withdraw your question, press one again.

I would now like to turn the call over to SAM Levinson, investor relations. Please go ahead.

--------------------------------------------------------------------------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.