Volato Group (Volato Group) Construction In Progress : $0.78 Mil (As of Mar. 2024)

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What is Volato Group Construction In Progress?

Volato Group's quarterly construction in progress declined from Sep. 2023 ($3.93 Mil) to Dec. 2023 ($0.73 Mil) but then increased from Dec. 2023 ($0.73 Mil) to Mar. 2024 ($0.78 Mil).

Volato Group's annual construction in progress increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.16 Mil) and increased from Dec. 2022 ($0.16 Mil) to Dec. 2023 ($0.73 Mil).

Volato Group Construction In Progress Historical Data

The historical data trend for Volato Group's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Volato Group Construction In Progress Chart

Volato Group Annual Data

Trend

Dec21

Dec22

Dec23

Construction In Progress

0.16

0.73

Volato Group Quarterly Data
	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial			-	5.16	3.93	0.73	0.78

Volato Group Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Volato Group (Volato Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Volato Group Inc (AMEX:SOAR.WS) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

SOAR:USA

Address

1954 Airport Road, Suite 124, Chamblee, GA, USA, 30341

Website

https://www.flyvolato.com

Volato Group Inc operates an aircraft ownership program, provides ad-hoc charter flights, sells deposit products, and manages aircraft for owners in the private aviation industry. The Volato aircraft ownership program consists of facilitating the formation of limited liability companies owned by third-party members. Subsequently, the Company sells an aircraft to each limited liability company.

Volato Group (Volato Group) Headlines

From GuruFocus

Volato Group Inc (SOAR) Navigates Market Turbulence with Strategic Fleet Expansion Despite Revenue Dip

By GuruFocus Research • 03-26-2024