Volato Reports Second Quarter 2024 Results
Volato Group, Inc. Class A (SOAR)
Company Research
Source: Business Wire
Grew Flight Hours 5% and Blended Yield 6% Year-over-YearExpect Delivery of 10-12 New Aircraft in FY 2024 ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato” or the “Company”), a leading private aviation company and the largest HondaJet operator in the United States, today announced results for the second quarter ended June 30, 2024.Second Quarter 2024 Financial HighlightsTotal revenue was $15.1 millionAircraft usage revenue was $12.5 millionManaged services revenue was $2.7 millionNet loss was $16.9 million, including the impact of a $2.8 million non-cash chargeAdjusted EBITDA1 was a loss of $11.4 million[1] Adjusted EBITDA is a non-GAAP measure. Please refer to the tables and related notes in this press release for a reconciliation and definition of non-GAAP financial measures.Financial and Operational HighlightsSubsequent to quarter end, took delivery of one HondaJet and one Gulfstream G280 as supply chain issues subsideGrew aircraft usage revenue 28% yea
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News
- Volato Announces Acceptance of Compliance Plan by NYSE AmericanBusiness Wire
- Volato Announces Strategic Agreement with flyExclusive and Outlines Continued Growth PlansBusiness Wire
- Volato Announces Fleet Update and Cost Efficiency MeasuresBusiness Wire
- Volato Announces Date for Second Quarter 2024 Earnings CallBusiness Wire
- Volato Launches the First Fractional G280 Ownership Program in the United StatesBusiness Wire
SOAR
Sec Filings
- 9/18/24 - Form 25-NSE
- 9/13/24 - Form 424B3
- 9/13/24 - Form 8-K
- SOAR's page on the SEC website