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.