Surf Air Mobility improves 2026 loss guidance by 40%, raises $30 million

Surf Air Mobility Inc. (NYSE: SRFM) revised its 2026 adjusted EBITDA loss guidance to $30-25 million, representing approximately 40% improvement from the prior guidance of $50-40 million loss. The company maintained its revenue guidance of $128-138 million for 2026, indicating 20-30% growth over 2025.

The Los Angeles-based air mobility platform announced $30 million in new capital through two transactions: $15 million in aircraft-backed credit and $15 million in common equity led by co-founders, with participation from officers, directors and existing institutional partners.

The improved EBITDA guidance stems from cost reductions through the company's AI-enabled operating system SurfOS, developed with Palantir Technologies. SurfOS has reduced airline workflow costs by 6% and charter operations costs by 15%. The company also implemented corporate automation measures, reducing staffing needs by 32% and professional services costs by 17%.

Surf Air Mobility operates two airlines, Southern Airways and Mokulele Airlines, which achieved a 98% controllable completion rate in Q4 2025 and improved on-time departures by over 10 percentage points year-over-year. The company expects $1.3 million in incremental EBITDA from airline optimization in 2026.

The company's charter business, Surf On Demand, reported 36% year-over-year revenue growth in Q4 2025. The Powered by Surf On Demand program has enrolled 29 independent brokers, with the company targeting 100 brokers by year-end.

Surf Air Mobility plans to launch OperatorOS in the second half of 2026, targeting 10 letters of intent and five operators onboarded by year-end. The company is also developing enterprise solutions for large operators and aircraft manufacturers.

The company maintains a strategic partnership with BETA Technologies for electric aircraft development, planning cargo demonstration flights in Hawaii in 2026 through its Mokulele Airlines subsidiary.

You May Also Be Interested In

• Getty Images strikes multi-year display deal with OpenAI for ChatGPT
• Morgan Stanley Downgrades Melco Resorts (MLCO) to Equalweight
• Goldman Sachs Starts Infratil New Zealand (IFT:NZ) at Buy