Surf Air Mobility Unveils Four-Phase Transformation Plan and Updated Investor Presentation
Surf Air Mobility Inc. (SRFM)
Company Research
Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) (“the Company”,“Surf Air”), a leading regional air mobility platform, announced last week its four-phase Transformation Plan and a $50 million term loan that positions the Company to achieve profitability in its airline operations.Today, the Company is announcing that it has posted details about its Transformation Plan and a new investor presentation on the Events & Presentations page of the Company’s investor website here.Deanna White, Interim CEO & COO of Surf Air Mobility, said: “We are excited to introduce our four-phase Transformation Plan, which we’re confident positions us on a path to profitability. Securing the $50 million term loan completes the first phase of our Transformation Plan, and we are now entering the Optimization phase. As a result of our optimization initiatives, we expect our airline operations to be profitable in 2025.”About Surf Air MobilitySurf Air Mobility is a Los Angeles-based regional
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News
- Surf Air Mobility Inc. (NYSE: SRFM) had its "hold" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $2.20 price target on the stock.MarketBeat
- Surf Air Mobility Reports Third Quarter Financial Results, Exceeding Revenue and Adjusted EBITDA Expectations [Yahoo! Finance]Yahoo! Finance
- Surf Air Mobility Reports Third Quarter Financial Results, Exceeding Revenue and Adjusted EBITDA ExpectationsBusiness Wire
- Surf Air Mobility Secures $50 Million Financing to Fund Transformation Plan and Path to Profitability [Yahoo! Finance]Yahoo! Finance
- Surf Air Mobility Secures $50 Million Financing to Fund Transformation Plan and Path to ProfitabilityBusiness Wire
SRFM
Earnings
- 11/14/24 - Beat
SRFM
Sec Filings
- 11/14/24 - Form 10-Q
- 11/14/24 - Form 8-K
- 11/14/24 - Form 8-K
- SRFM's page on the SEC website