Charter revenue for Surf Air grew 36% year-over-year in the fourth quarter of 2025, according to the company.
Charter revenue for Surf Air grew 36% year-over-year in the fourth quarter of 2025, according to the company.
The letter from three top executives called its Surf On Demand Private Charter “our fastest-growing business.”
Chairman of the Board Carl Albert, CEO Deanna White, and Co-founder Sudhin Shahani penned the letter.
It followed a trio of press releases on Monday.
That included raising 2026 EBITDA guidance and issuing additional stock.
Co-Founder’s lead investment and company insiders purchased a total of $5.3 million of the company’s broader $30 million capital raise.
The raise, announced on April 20, 2026, included $15 million of non-dilutive, aircraft-backed credit and $15 million of common equity.
According to the letter, the Powered by Surf On Demand program for independent brokers has six independent charter brokers live.
Additionally, 23 more brokers are in the pipeline.
It expects to have 100 brokers using the platform by the end of 2026.
Surf Air said there were 32% more bookings for top brokers on the platform year-over-year in Q1 2026 compared to last year.
The company said it was 57% faster from quote to close.
Additionally, 40% more payments were processed on the platform year over year in the first quarter of 2026.
Executives wrote, “The more data that flows through SurfOS, the smarter and more predictive it gets. That compounding advantage cannot be copied overnight, and it is our moat.”
BrokerOS commercially launched in December 2025.
Independent brokers join Powered by Surf On Demand and sell under the Surf Air brand using its software.
Surf Air takes a share of per-flight profit.
So far, 29 brokers have enrolled.
Surf Air executives added “hundreds of applicants in the queue.”
Also, OperatorOS will launch in the second half of 2026.
It targets small and mid-sized charter operators.
They will integrate into the platform with tools to optimize their operations.
Surf Air targets 10 LOIs signed by year-end.
It wants five charter operators onboarded by year-end.
OperatorOS maximizes real-time pricing and aircraft availability for brokers who use the platform.
Additionally, SurfOS for Enterprise will provide custom solutions for large operators, brokerages, and aircraft OEMs.
The executives told shareholders that it has “multi-year, multi-million-dollar contracts targeted this year.”
The executives said, “Through our exclusive teaming agreement with Palantir, their forward-deployed team is in every enterprise conversation with us.”
Surf Air has yet to report its Q1 2026 financials.
It reported its full-year 2025 results in March.
SRFM starts today, trading at $1.22 per share.
Its 52-week range is between $1.04 and $9.91.
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