Earnings ·
Surf Air Mobility reports Q2 revenue of $29.5M, up 8% year-over-year, driven by surge in private charter bookings
SRFMSurf Air Mobility Inc.
Surf Air Mobility Inc. reported second quarter 2026 financial results on August 10, 2026, achieving total revenue of $29.5 million, an 8% year-over-year increase driven by a 101% surge in Surf On Demand private charter revenue to $12.1 million. The company posted an adjusted EBITDA loss of $10.5 million and a net loss of $28.1 million. Key operational highlights include securing its first SurfOS enterprise software contract with Wheels Up, valued up to $12 million over three years, and expanding its partnership with Palantir Technologies. Financially, the company reduced existing convertible note principal by 64% through refinancing transactions in July 2026, lowering monthly cash amortization payments by up to 50%. Surf Air Mobility reaffirmed full year 2026 revenue guidance of $128 million to $138 million and issued third quarter 2026 revenue guidance of $35.5 million to $37.5 million. The company operates in the air mobility industry, providing commuter airline services and AI-enabled aviation software platforms.