Surf Air Mobility Inc. (NYSE: SRFM) shares continued to build on their recent jump in early pre-market activity. The stock rose 8.60% to $3.92 from its previous closing price of $3.60 with a tremendous 88.48% rise.
This continued momentum, which follows SRFM’s announcement of noteworthy accomplishments in the second phase of its four-stage Transformation Plan, has increased investor optimism.
Performance Is Driven by Operational Optimization
In order to achieve airline operations profitability, as shown by positive Adjusted EBITDA, by the end of current fiscal year, the second phase, referred to as the Optimization Phase, is concentrated on improving operational efficiency and using SurfOS technology.
Surf Air Mobility’s strengthened relationship with Southern Airways and Mokulele Airlines is one of the noteworthy improvements, as it contributed to a 10% rise in the controlled completion factor over fiscal year 2024.
Additionally, there was a 21% improvement in on-time departures (D0) and arrivals within 14 minutes of the scheduled time (A14). Surf Air Mobility’s emphasis on dependability and customer happiness is seen in these measures, which have reached their greatest levels since January 2023.
Contract Wins and Technological Integration
In a further boost to its revenue stream, Surf Air Mobility recently secured a contract renewal in an Essential Air Service community, which is projected to contribute approximately $9.9 million in additional subsidy income over the next four years.
The company’s Surf On Demand business has now collaborated with more than 425 operators, while pilot-submitted Flight Risk Assessment Tool (FRAT) reports have doubled since the introduction of the company’s Crew App—enhancing safety oversight and proactive risk management.
Foundation for Expansion Phase
These initiatives are establishing the foundation for the 2026 Expansion Phase, which will allow third-party operators to use SurfOS and offer additional scheduled flights, in addition to significant investments in aircraft renovations and the introduction of new Cessna Caravans. These developments show Surf Air Mobility’s (SRFM) dedication to profitable expansion, sustainable growth, and technology leadership in regional aviation.
