AlphaStreet Newsdesk powered by AlphaStreet Intelligence
Surf Air Mobility Inc. (SRFM) reported a narrower-than-expected loss for the first quarter of 2026, signaling progress in the regional air mobility company’s path toward profitability. The basic and diluted loss of $0.26 per share was narrower than the analyst estimate of $0.41, while revenue totaled $25.6M for the quarter. The company posted a net loss of $20.3M.
The performance marked substantial improvement from the year-ago period, with the per-share loss narrowing to $0.26 from $1.09 in Q1 2025. Revenue was up 9.0% from $23.5M in Q1 2025, driven by growth in private charter operations. Surf On Demand private charter revenue reached $10.1M for the quarter, while scheduled service revenue led with $15.5M in revenue, down 13.0% year-over-year as the company adjusts its route network.
Surf Air Mobility flew 65,376 passengers during the quarter as it continues scaling its regional aviation network. Management set revenue guidance for the full year at $128.0M to $138.0M, reflecting expectations for continued expansion of its hybrid scheduled and on-demand flight services. Wall Street consensus stands at 4 buy, 2 hold, 0 sell.
A detailed analysis of Surf Air Mobility Inc.’s quarter follows shortly on AlphaStreet.
This content is for informational purposes only and should not be considered investment advice. AlphaStreet Intelligence analyzes financial data using AI to deliver fast and accurate market information. Human editors verify content.
Source link
#Surf #Air #Mobility #Releases #Financial #Results #Alphastreet
