Hello Everyone,
We have SRFM back on our radar for Tuesday's session.
You might remember this one because of their unique business model.
A Quick Look at this company and you can't help but draw comparisons to corporate giants Uber and Lyft.
The main difference is that SRFM is doing it IN THE AIR and there certainly seems to be demand for it.
Putting the infrastructure in place for something like this is no easy task. That is why the inked an agreement with AI Blue Chip, Palantir.
There is another reason you might remember this one. The last time be brought this company front and center last summer it was sitting around 2.50. When you pull it up you will notice it is sitting around 4.35 and has hit highs of 6.40 last month.
Unlike others in the space, Surf Air Mobility isn't just a concept—it's a fully operational business generating real revenue and focused on leading the charge in transforming regional air mobility.
The company and business model has even caught the eye of AI Giant Palantir. They have a ~17.6% stake in the company as of November 2024. I know "Smart Money" is an objective term but I will go ahead and assume that Palantir has done their research.
Surf Air Mobility is a Los Angeles-based regional air mobility platform expanding the category of regional air travel to transform flying through the power of electrification and software. In an effort to substantially reduce the cost and environmental impact of flying and as the owner of the largest commuter airline in the US, Surf Air Mobility intends to develop powertrain technology with its commercial partners to electrify existing fleets and bring electrified aircraft to market at scale. The management team has deep experience and expertise across aviation, electrification, and consumer technology.
A lot has happened with the company since the last time we put it in front of you.
Most recently we saw the chairman and also one of the co-founders put their money where there mouth is. Using our last profile on SRFM back in August as a benchmark, you can see that as of late management has the company and PPS heading in the right direction.
Surf Air Mobility Announces Open Market Purchases of Company Stock by Board Members
Chairman of the Board, Carl Albert, and Co-Founder and Member of the Board, Sudhin Shahani, purchased an aggregate total of 31,737 shares of Surf Air Mobility Inc. common stock.
LOS ANGELES--(BUSINESS WIRE)-- Surf Air Mobility Inc. (NYSE: SRFM) ("the Company","Surf Air"), a leading regional air mobility platform, announced that Chairman of the Board, Carl Albert, and Co-Founder and Member of the Board, Sudhin Shahani, purchased 14,500 shares and 17,237 shares, respectively, of the Company's common stock, for an aggregate purchase price of approximately $110,000, in open market transactions.
Mr. Albert said: "The Board of Directors and our senior leadership have built, approved and are executing our Transformation Plan. We have near and midterm goals to increase value for our shareholders. We are firmly and financially committed to successful execution of our Transformation Plan."
Surf Air has made several recent announcements related to the Company's Transformation Plan, a strengthened balance sheet, and our goal to achieve profitability in airline operations in fiscal year 2025. The Company remains focused on development and implementation of its SurfOS software to drive efficiencies in operations.
Top Reasons to Research This One
A Massive Growth Market: By 2035, the total addressable market (TAM) for small regional flights globally could reach $75 billion to $115 billion by 2035
The Largest Commuter Airline in the US: Surf Air Mobility Inc. (NYSE:SRFM)leads the nation with the most scheduled departures, carrying over 404,000 passengers on ~71,000 flights in 2023.
Impressive Revenue Performance: The company generated ~$110M in revenue in 2023.
Powerful Commercial Relationships: Strategic alliances with industry leaders like Palantir Technologies and Textron Aviation bolster Surf Air's competitive edge across the value chain.
Seasoned Leadership Team: A management team with extensive experience, including past leadership roles at Bombardier Flexjet, United, Wisk, and Virgin America, is driving the company forward.
Multi-Phased Transformation Plan: Backed by its $50 million financing, SRFM is executing a four-phase transformation plan designed to optimize its airline operations and put them on a path to profitability, broadly offer its SurfOS software, expand routes, and create a platform for new electrification technology in the future.
Game-Changing Collaboration: The recent agreement with a leading tech giant is a significant step forward for Surf Air Mobility Inc.. By harnessing cutting-edge AI and data analytics, this collaboration will enable the company to deliver unparalleled operational efficiencies, setting a new standard in the air mobility market.
Massive Market Potential: The regional air mobility market is expected to grow exponentially, with projections suggesting it could reach $115B by 2035. With Surf Air Mobility Inc.'s strategic positioning, they appear well-prepared to capitalize on this immense growth potential.
Optimizing Key Operations: Part 135 operations, which account for over 2.8 Million flight hours in the US in 2023, are a crucial segment of the air mobility industry. Surf Air Mobility Inc.'s new AI-powered software platform is designed to optimize these operations, driving efficiency and innovation across the sector.
Pioneering Sustainable Aviation: Surf Air Mobility Inc. is not only focused on improving operational efficiency but also on sustainability. By developing powertrain technology to electrify smaller existing aircraft, the company is taking significant steps toward decarbonizing air travel. Imagine a future where flying between 50 to 500 miles is not only eco-friendly but also cost-effective—a vision that Surf Air Mobility Inc. is actively working to make a reality.
Strategic Partnerships and Global Reach: Surf Air Mobility Inc. continues to expand its global footprint through strategic deals in places like East Africa and Brazil.
