June 26, 2025
Surf Air is hoping to show progress in Q2 after cutting losses in Q1 of 2025 when it announces earnings on August 12th.
Publicly-traded Surf Air will release its second quarter 2025 financial results after market close on Tuesday, August 12, 2025.
It will host a webcast at 5:00 pm EST the same day.
That follows its Q1 results reported in May.
In June, it said it closed on a $27 million direct offering.
Q1 revenues were $23.5 million, near the high end of its guidance, down from $30.6 million in 2024.
Operating loss dropped from $34.5 million to $18.6 million year-over-year.
Net loss dropped to $18.5 million from $36.9 million.
Scheduled revenue dropped from $23.0 million to $17.8 million.
On-Demand revenue fell year-over-year from $7.6 million to $5.7 million in the quarter.
CEO and COO Deanna White noted, “During the first quarter of 2025, we continued to make strong progress across multiple initiatives in our Transformation Plan, achieving numerous milestones and keeping us on track to achieve profitability in our airline operations in 2025.”
Second quarter revenue guidance is projected to be $23.5 million to $ 26.5 million.
Q2 2025 Adjusted EBITDA loss is guided from $ 10.0 million to $ 13.0 million.
Guidance excludes the expected impact of stock-based compensation, changes in fair value of financial instruments, and other non-recurring items.
The adjusted EBITDA loss range for the second quarter reflects the continued deployment of capital, which was raised in November.
It also includes clearing aircraft maintenance backlog and R&D.
Surf Air reaffirmed its expectations that 2025 revenues will exceed $100 million and that airline operations will achieve profitability, defined as positive adjusted EBITDA.
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