Surf Air Mobility reports revenue growth and reduced net loss in Q3 2026

Surf Air Mobility reported third-quarter revenue of $36.5 million, representing a 25% increase year-over-year. A significant driver of this growth was the Surf On Demand segment, which saw revenue rise 121% year-over-year to $19 million, attributed to higher demand and increased revenue per departure.

While revenue grew, the company's airline operations scheduled service revenue decreased by 15% year-over-year to $17.5 million, following the exit of Essential Air Service routes. Despite these shifts, the company's net loss for the quarter improved to $20.4 million, a 25% decrease compared to the $27.2 million loss reported in the same period the previous year. The adjusted EBITDA loss for the quarter was $6.7 million, down 32% year-over-year.