Start-up HondaJet fractional operator Volato had $103 million in sales last year, its first full year of operations.
Volato chalked up sales of $103 million in 2022, its first full year of operations.
It marked a 627% increase over its partial year 2021 results.
In the announcement, the company said the results were due to its “innovative, customer-first programs, which include a fractional program in which owners enjoy both unlimited flight hours and a revenue share, the Stretch Jet Card, which rewards itinerary flexibility, the Insider deposit program with capped charter rates, its aircraft management division Volato AMS, as well as new charter programs such as Volato Go!, and Broker Rewards.”
“I couldn’t be more proud of our team for their hard work and dedication that led to our tremendous growth. It’s because of their passion and commitment that we continue to achieve success,” said Matt Liotta, CEO and Co-Founder of Volato.
“Due to the nature of our business model, the majority of these sales are recurring in nature and represent our actual booked sales, not unearned funds held on deposit. We look forward to serving our customers for many years to come,” stated Keith Rabin, CFO at Volato.
During the year, it grew from 22 to 176 employees and increased its HondaJet fleet from two to 13 aircraft.
The provider plans to add a Gulfstream G280 program by next year.