Surf Air reveals global fixed rate jet card; callouts from 6 hours

Ad hoc charter and jet cards will be a key pillar of Surf Air’s wide-ranging transition plan.

Last night, Surf Air launched an ambitious and extensive worldwide jet card program that guarantees availability and fixed hourly rates.

There was no press release.

However, the Hawthorne, California-based aviation company emailed customers details of the new product.

Surf On Demand Jet Card

The Surf On Demand Jet Card features non-peak callouts as low as six hours and fixed-rate service areas as far as an ultra-long-haul jet can take you.

It offers guaranteed rates and availability in seven cabin categories.

In addition to light, midsize, super-midsize, and large cabin jets, there are turboprops, VLJs, and ultra-long-range private jets.

Four membership tiers are pegged at 10, 25, 50, and 100 hours.

Deposits are based on the turboprop rate – $5,850 – multiplied by the number of hours you buy.

For 100 hours, you prepay $585,000.

There’s also a $3,450 annual membership fee.

At the entry-level – Silver – you can only access turboprops and VLJs.

At 25 hours – Gold – you also get light, midsize jets, and super-midsize types

50-hour fliers – Platinum and Elite – 100 hours – also get the large cabin and ultra-long-range jet access.

International fixed hourly one-way pricing is valid worldwide at published rates.

For example, a Silver member can use their funds to fly within Europe for a turboprop or VLJ.

A Platinum or Elite member has fixed rates they can use to fly from the U.S. to Europe.

They can then book flights at fixed hourly rates within Europe.

Funds are valid for 24 months – the same as the rate lock.

Non-peak callouts range from six to 24 hours based on tier.

Non-peak cancelation is 48 hours.

There are only 27 peak days, which carry a 10% surcharge.

Flights can be moved +/- 4 hours on peak days.

Daily minimums start at 60 minutes, including taxi time for light jets, with VLJs and light jets at 90 minutes.

Midsize jets are 105 minutes and super-midsize and up to 120 minutes.

Daily minimums include taxi time.

Deicing is included, and pets are allowed at guaranteed pricing.

There is no escrow account option.

Paid Subscribers of Private Jet Card Comparisons can compare the Surf On-Demand Jet Card options with over 500 other programs.

READ: What happens to your jet card and private jet membership deposits?

Surf Air’s on-demand focus

CEO Deanna White teased the new jet card earlier this week during its Q4 earnings call.

After a 2023 merger with Southern Airways, Surf Air had been focused on regional air mobility and commuter services.

Per the company, on-demand charter revenues in 2024 grew by 28% to around $34 million, just under 30% of revenues.

The on-demand charter sales growth came on a similar amount of on-demand flights (3,523 in 2024 versus 3,535 in 2023).

White said the company was transitioning from selling short hops on a controlled fleet of turboprops to brokering flights on jets.

The company brokered flights to around 400 operators in 2024, per the company.

Surf Air financials

Surf Air revenues surged from $60.5 million in 2023 to $119.4 million last year following its 2023 merger with Southern Airways.

It also cut the 2023 operating loss from $196.8 million to $60.3 million in 2024.

Pre-tax loss narrowed from $254 million to $75.2 million.

Net loss decreased from $250.7 million to $74.9 million.

Adjusted EBITDA loss improved by $6.8 million, or 13%, to $44.1 million for the full year 2024, compared to $50.9 million for the same period of the prior year on a pro-forma basis.

Revenue of $28.1 million for the fourth quarter of 2024 rose 5% compared to $26.8 million for the same period of the prior year.

At the end of December, Surf Air had $21.1 million in cash.

Trading on SRFM opened this morning at $3.70.

Its 52-week low was $0.95, with a high of $6.93.

READ: Ad hoc Private Jet Charter: The anti-jet card solution has risks, too