$SRFM

SURF AIR MOBILITY INC.

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Surf Air Mobility (NYSE: SRFM) lifts 2026 EBITDA outlook after strong Q1

Surf Air Mobility (NYSE: SRFM) reported strong Q1 2026 results, with revenue of $25.6 million at the high end of guidance and a 9% year-over-year increase, driven by a 77% rise in Surf On Demand private charter revenue. Despite a widened net loss, the Adjusted EBITDA loss improved to $12.3 million, better than expected. Consequently, the company raised its full-year 2026 Adjusted EBITDA loss guidance to a narrower range of $25 million to $30 million, a 40% improvement from its previous outlook, while maintaining revenue guidance.

Surf Air Mobility (NYSE: SRFM) updates governance, pay and ownership in 10-K/A

Surf Air Mobility Inc. (NYSE: SRFM) filed an amendment (10-K/A) to its 2025 annual report to include detailed information on its directors, executive compensation, ownership, and related-party transactions, without altering financial statements. The filing outlines executive salaries, stock awards, bonus structures tied to strategic and financial targets, and significant equity holdings by major shareholders. It also details various financing relationships, including secured convertible promissory notes and advisory service agreements with affiliated entities.

Short Interest in Surf Air Mobility Inc. (NYSE:SRFM) Expands By 24.8%

Short interest in Surf Air Mobility Inc. (NYSE:SRFM) increased significantly by 24.8% in March, reaching over 10.5 million shares, which represents about 14.9% of the stock. Despite this, analysts have a mixed view, with a consensus "Hold" rating and an average price target of $3.13, following some recent downward revisions. The stock is currently trading at $1.06, below its 50- and 200-day moving averages.