Analyst Target Suggest 300% Potential Upside for Pioneer in Green Regional Air Travel with Electric Planes… (1)(2)

See why now could be the best time to start your research on Surf Air Mobility Inc. (NYSE: SRFM)

Surf Air Mobility Inc. (NYSE: SRFM) and Lockheed Backed Electra Strike Deal for Next-Gen Aircraft Market

Sky's the Limit: Company Eyes Potential $115B Regional Air Travel Market (2)(3)

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Amid the aviation landscape, where the vast sky once seemed exclusive to the realms of commercial giants and international travel, a new horizon is emerging—one that promises to redefine regional air travel.(3) 

As the world witnesses unprecedented advancements in aerospace technology and a shift towards sustainable transportation, the stage is set for the rise of Regional Air Mobility (RAM).(3)

RAM represents a paradigm shift in air travel, bridging the gap between metropolitan centers and smaller communities with underutilized airports.

This revolutionary concept aims to democratize air travel, making it accessible, convenient, and environmentally friendly for all Americans, regardless of their proximity to major travel hubs or urban centers.

The vision for RAM is not merely speculative; it’s grounded in a convergence of megatrends that are reshaping the landscape of transportation.

Significant technological breakthroughs, a growing emphasis on sustainability, mounting frustrations with road congestion, and the emergence of mobility-as-a-service are propelling the concept of RAM into reality.

But what exactly is RAM, and how does it differ from existing aviation paradigms? RAM encompasses the transportation of passengers and goods over distances ranging from 150 to 800 kilometers, utilizing aircraft with seating capacities ranging from five to fifty passengers. (3)

Unlike urban air mobility (UAM), which focuses on shorter intra-urban distances using electric vertical takeoff and landing (eVTOL) aircraft, RAM primarily utilizes existing runways at smaller regional airports.(3)

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The emergence of RAM promises a multitude of benefits, including reduced costs, enhanced reliability, and an improved customer experience. By harnessing green propulsion, digitization, and autonomy, RAM not only makes air travel more accessible but also contributes to a more sustainable future.(3) 

The market potential for RAM is substantial, with estimates projecting a total addressable market of $75B to $115B by 2035, serving hundreds of millions of passengers annually.

However, the realization of this potential hinges on several critical enablers, including seamless customer experiences, mature aircraft technology, public acceptance, and investment in energy infrastructure at regional airports.

Already, the RAM market is taking shape, with over 50 companies actively developing electric, hybrid, and hydrogen-powered aircraft, along with supporting infrastructure and operations platforms. With more than $1B invested in RAM startups to date, the industry is on the cusp of a transformative era in regional air travel.

As the world embraces the possibilities of RAM, Surf Air Mobility Inc. (NYSE: SRFM) stands out as a company to watch. (2)

With its commitment to innovation, sustainability, and accessibility, Surf Air Mobility Inc. (NYSE: SRFM) embodies the ethos of RAM and is poised to lead the charge towards a future where regional air travel is truly within reach for all. (2)

In fact, according to Benzinga.com, several analysts have initiated coverage on Surf Air Mobility Inc. (NYSE: SRFM) and have set targets indicating significant upside potential.

Alexander Potter of Piper Sandler has set a $4 target, suggesting a 300% potential upside, while George Gianarikas of Canaccord Genuity has set a $3 target, indicating a 200% potential upside. Furthermore, David Vernon of Bernstein has set a $3.62 target, signaling a 262% potential upside from its recent low on 2/13/2024. (1)(6) 

Keep reading to see why Surf Air Mobility Inc. (NYSE: SRFM) should immediately be added to your daily watchlist.

7 Reasons Why Surf Air Mobility Inc. (NYSE: SRFM) Could Witness Significant Upside Potential in 2024…

The Regional Air

The Regional Air Mobility (RAM) market is on the rise, expected to hit $75B to $115B by 2035 and serving millions of passengers each year, signaling significant potential upside for Surf Air Mobility Inc. (NYSE: SRFM). (3)(2)

Analyst Coverage:

With Alexander Potter of Piper Sandler setting a $4 target, indicating a potential upside of 300%, and George Gianarikas of Canaccord Genuity forecasting a $3 target, suggesting a 200% potential upside, along with David Vernon of Bernstein's $3.62 target, signaling a 262% potential upside from its recent low on 2/13/2024, analyst coverage underscores considerable growth prospects for Surf Air Mobility Inc. (NYSE: SRFM). (1)(6)

Active Chart:

Since coming off its 52-week low of $.65 on 12/8/2023, shares of Surf Air Mobility Inc. (NYSE: SRFM) moved approximately 160% in less than 14 business days when they reached $1.69 on 12/28/2023 according to Barchart.com. (6)

Market Disruption:

The emergence of Regional Air Mobility (RAM) marks a significant shift in air travel paradigms, shaking up traditional aviation models and opening doors for forward-thinking companies like Surf Air Mobility Inc. (NYSE: SRFM) to take the lead. With its cutting-edge aerospace technology and commitment to innovation, Surf Air Mobility positions itself at the forefront of the regional air travel revolution, driven by its technology-driven, on-demand air mobility platform and its Aircraft-as-a-Service (ACaaS) program which it intends to offer to air operators once fully developed. (2)(7)

Environmental Sustainability:

Aligned with the growing emphasis on eco-friendly transportation solutions, Surf Air Mobility Inc. (NYSE: SRFM) showcases a strong commitment to sustainability, positioning itself as an attractive prospect for those concerned with environmental impact. (2)

Strategic Partnerships:

Positioning itself as a key player in integrating innovative aircraft technologies into its national flight network, Surf Air Mobility Inc. (NYSE: SRFM) has secured strategic relationships with one of the world’s largest general aviation manufacturers Textron Aviation and aviation technology engineering leader AeroTEC. It has also solidified preferred delivery positions for 90 Electra eSTOL aircraft from Electra. (7)

Annual Revenue Growth Potential:

Showcasing robust third-quarter results, Surf Air Mobility Inc. (NYSE: SRFM) reported GAAP revenue of $21.9 Mln and pro forma revenue of $28.9 Mln. With an annual outlook projecting GAAP revenue between $54.5 Mln to $59.5 Mln and pro forma revenue between $107.5 Mln to $112.5 Mln, the company demonstrates a strong trajectory for revenue growth. This, coupled with strategic initiatives like fleet expansion and supply chain management, highlights the potential of Surf Air Mobility to capitalize on revenue-driven opportunities in the regional air travel sector.(8)

Keep reading to see why Surf Air Mobility Inc. (NYSE: SRFM) deserves a top spot on your daily watchlist.

Analyst Target Suggest 300% Potential Upside for Surf Air Mobility Inc. (NYSE: SRFM) (1)(6)

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Surf Air Mobility Inc. (NYSE: SRFM) has attracted attention from prominent Wall Street firms.Piper Sandler, Canaccord Genuity, and Bernstein are among the prestigious firms now providing research coverage for the company. (1) 

The importance of research coverage cannot be overstated in the market. It serves as a critical tool to the public, offering valuable insights and analysis to guide their decision making. (14)

However, there’s often a significant gap in coverage, particularly for small and micro-cap companies like Surf Air Mobility Inc. (NYSE: SRFM).

Despite their potential for substantial revenue generation, small and micro-cap companies frequently receive limited coverage compared to their larger counterparts. (14)

While mega-cap companies enjoy full coverage, small caps typically receive only 50%, and micro-caps a mere 15%.(14)

Surf Air Mobility Inc. (NYSE: SRFM), despite being categorized as a micro-cap with a market capitalization of less than $72 Mln as of February 15, 2024, boasts impressive revenue figures exceeding $100 Mln in 2022.

This revenue performance underscores the company’s strong financial position and growth potential within the regional air travel market.

Analysts have set impressive targets for Surf Air Mobility Inc. (NYSE: SRFM), reflecting significant upside potential from its recent lows.

Alexander Potter of Piper Sandler has set a target of $4, suggesting a remarkable 515% potential upside from its 52-week low of $0.65 set on December 8, 2023, and over 300% potential upside from its recent low on February 13, 2024. (1)

Similarly, George Gianarikas of Canaccord Genuity has set a target of $3, indicating a 200% potential upside. (1)

Additionally, David Vernon of Bernstein has set a target of $3.62, signaling a 262% potential upside from its recent low on February 13, 2024. (1)

Since coming off its 52-week low of $.65 on 12/8/2023, shares of Surf Air Mobility Inc. (NYSE: SRFM) moved approximately 160% in less than 14 business days when they reached $1.69 on 12/28/2023 according to Barchart.com.

The initiation of analyst coverage for Surf Air Mobility Inc. (NYSE: SRFM) reflects growing recognition of the company’s innovative approach to regional air travel and its potential to reshape the industry landscape.

With a focus on sustainability, accessibility, and cutting-edge technology, Surf Air Mobility Inc. (NYSE: SRFM) is well-positioned to capitalize on emerging opportunities and deliver value to industry stakeholders in the evolving aviation sector. (2)

It’s important to note that since coming off its 52-week low of $0.65 on December 8, 2023, shares of Surf Air Mobility Inc. (NYSE: SRFM) surged approximately 160% in less than 14 business days, reaching $1.69 on December 28, 2023, according to Barchart.com.(6)

Surf Air Mobility Inc. (NYSE: SRFM): Pioneering Green Regional Air Travel (2)

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In an era where environmental consciousness is at the forefront of innovation, Surf Air Mobility Inc. (NYSE: SRFM) emerges as a trailblazer in the aviation industry, aiming to revolutionize regional air travel with a commitment to sustainability. (2) 
With a bold vision and a strategic roadmap, Surf Air Mobility Inc. (NYSE: SRFM) sets out to be the first to commercialize green regional air travel, leveraging electrification technology to reshape the future of mobility.(2)

Addressing the Need for Sustainable Travel (2)

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Surf Air Mobility Inc. (NYSE: SRFM) recognizes the pressing need for sustainable transportation solutions in an increasingly interconnected world.

By making planes electric, Surf Air Mobility contends that air travel can become more affordable for both passengers and operators, paving the way for a reimagined regional mobility landscape. (2)

Unlocking a Massive Market Potential

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The potential impact of electric airplanes extends far beyond mere sustainability. Surf Air Mobility Inc. (NYSE: SRFM) identifies electric aircraft as the key to unlocking a new mass transit solution, offering a seamless alternative to long drives and overcrowded commercial airports. (2) 

McKinsey & Company’s report on “Short-haul flying redefined” and NASA’s insights on “Regional Air Mobility” corroborate the transformative potential of innovative propulsion technologies in enabling frequent, convenient passenger flights on small regional aircraft.(2)

Established Platform for Regional Air Mobility

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At the core of ‘s Surf Air Mobility Inc. (NYSE: SRFM)’s strategy is its established Regional Air Mobility (RAM) platform. With ownership of the largest commuter airline in the U.S. and a strategic fleet order for the Cessna Grand Caravan EX, the company positions itself as the fastest path to electrification. (2) 

Through capital-efficient Supplemental Type Certification and exclusive relationships with industry leaders like Textron Aviation, Surf Air Mobility aims to accelerate the commercialization of electric aircraft variants, including hybrid and fully-electric models.(2)

Strategic Partnerships Driving Growth 

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Surf Air Mobility Inc. (NYSE: SRFM)’s success is further propelled by its network of strategic partnerships spanning aircraft manufacturing, financing, and operational infrastructure. (2) 

Collaborations with leading industry players such as Textron Aviation and Jetstream enable the company to scale its electrification efforts and expand its market reach.

By leveraging partnerships for aircraft financing, pilot recruitment, and ground operations, Surf Air Mobility aims to solidify its position as a market leader in regional air mobility.(2)

A Flywheel of Growth

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The company’s flywheel of growth revolves around three core pillars: electrified aircraft, network expansion, and Aircraft-as-a-Service (ACaaS) offerings, which it intends to offer to air operators once developed. 

By deploying electrified aircraft, expanding its operational footprint, and providing leasing and software solutions to operators, Surf Air Mobility Inc. (NYSE: SRFM) is designed to create a self-reinforcing cycle of passenger and operator growth. (2)

This integrated approach not only drives revenue but also reduces emissions and operational costs, aligning with the company’s commitment to sustainability.

Electrified Cessna Grand Caravan EX

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As a tangible manifestation of its electrification efforts, Surf Air Mobility Inc. (NYSE: SRFM) is developing the EP1, an electrified version of the Cessna Grand Caravan EX. 

This groundbreaking aircraft represents a significant milestone in the company’s journey towards commercializing green regional air travel. With plans to upgrade its existing fleet and deploy up to 150 EP1 aircraft through ACaaS agreements once the technology is certified, Surf Air Mobility sets the stage for widespread adoption of electric aviation technologies.(2)

Charting a Course for Sustainable Growth

Looking ahead, Surf Air Mobility Inc. (NYSE: SRFM) remains committed to its mission of transforming regional air travel through electrification. With projected revenue growth and a clear path to market leadership, the company is poised to shape the future of mobility while driving positive environmental impact.

Through continued innovation, strategic partnerships, and a relentless focus on sustainability, Surf Air Mobility Inc. (NYSE: SRFM) charts a course towards a greener, more accessible aviation ecosystem.(2)

See the Company’s Corporate Presentation by Clicking Here.

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Sky's the Limit: Company Eyes Potential $115B Regional Air Travel Market (2)(3)

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In a groundbreaking move set to revolutionize regional air travel, Surf Air Mobility Inc. (NYSE: SRFM), a leading green regional air mobility platform, has entered into a bilateral agreement with Electra.aero Inc., a next-gen aerospace company. This collaboration aims to introduce affordable, sustainable, and easily accessible regional air travel to a broad customer base, leveraging Electra’s hybrid-electric short takeoff and landing (eSTOL) aircraft on Surf Air’s technology-driven, on-demand air mobility platform.(7) 

The partnership between Surf Air Mobility Inc. (NYSE: SRFM) and Electra signifies a significant leap forward in the quest for cleaner, more efficient air transportation solutions.

Surf Air Mobility Inc. (NYSE: SRFM) has secured preferred delivery positions for 90 Electra eSTOL aircraft, marking a strategic move towards integrating these innovative aircraft into the Surf Air national flight network, including Southern Airways Express and Mokulele Airlines.(7)

The eSTOL aircraft’s remarkable capability to take off and land in as little as 150 feet opens up new possibilities for direct-to-destination air transportation, reaching beyond large airports to include small regional airports and novel Advanced Air Mobility (AAM) infrastructure.

This expansion promises to bring regional transportation to a broader customer base, revolutionizing the accessibility of air travel.(7)

The agreement between Surf Air and Electra encompasses several key points of collaboration, including route network development, aircraft leasing, and predictive analytics systems development to enhance operational efficiency and reduce costs.

Stan Little, Chief Executive Officer (CEO) of Surf Air Mobility, expressed enthusiasm for the partnership, stating, “Electra stands out as one of the early market leaders in regional air mobility, and we’re excited to bring them onto our platform. Their innovations around hybrid-electric, short takeoff and landing aircraft will unlock tremendous opportunities within the changing landscape of regional air mobility.” (7)

John S. Langford, founder and CEO of Electra, echoed this sentiment, highlighting the partnership’s role in spearheading the decarbonization of regional business aviation through the integration of eSTOL aircraft into Surf Air’s fleet.(7)

Surf Air’s Aircraft-as-a-Service program is positioned to address the financing and software needs of smaller regional operators that will enable them to launch, grow, and optimize their businesses. (7)

This initiative, once fully developed, aims to lower the barrier to entry for operators and facilitate the adoption of innovative sustainable aircraft technologies.(7)

In addition to supporting the growth and distribution of Electra’s eSTOL aircraft, Surf Air Mobility Inc. (NYSE: SRFM) continues to develop its own electrified powertrain technology for the Cessna Grand Caravan aircraft. (7)

This initiative, supported by an exclusive relationship with Textron Aviation, underscores Surf Air’s commitment to advancing electrified air transportation solutions on a global scale.(7)

Jamie Strecker, VP of Business Development for Surf Air Mobility, emphasized the importance of accelerating the time to market for innovative aircraft technologies, stating, “Through our air mobility platform and our Aircraft-as-a-Service program, we believe we can accelerate Electra’s eSTOL aircraft time to market.”(7)

With billions of dollars invested in the regional and advanced air mobility space, the collaboration between Surf Air Mobility Inc. (NYSE: SRFM) and Electra signifies a significant milestone in the journey towards cleaner, more sustainable air transportation solutions. (7)

As these two industry leaders join forces, the future of regional air travel looks brighter than ever before. (7)

Surf Air Mobility (NYSE: SRFM) Pioneers Green Aviation with Major Agreements in Kenya (10)

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Surf Air Mobility Inc. (NYSE: SRFM) recently announced groundbreaking agreements with Safarilink and Yellow Wings Air Services Ltd. These agreements will see Surf Air supplying its proprietary electrified powertrain technology to upgrade Cessna Grand Caravan aircraft operated by these Kenyan airlines. (10)

Advancing Sustainability in Africa

Safarilink, known for connecting domestic flights within Kenya and Tanzania, and Yellow Wings Air Services Ltd., serving over 500 airfields across East Africa, are set to become pioneers in green aviation. By embracing Surf Air Mobility’s electrified powertrain technology, they aim to transition to all-electric operations by 2027. (10)

Surf Air Mobility Inc. (NYSE: SRFM)’s Global Expansion

With an exclusive agreement with Textron Aviation to support Surf Air Mobility’s development of an electrified Cessna Caravan, Surf Air Mobility plans to expand its global footprint. Africa, already a significant market for the Caravan, presents an ideal opportunity for Surf Air to introduce its innovative technology. By developing Supplemental Type Certification for both hybrid and fully-electric variants of the Cessna Grand Caravan, Surf Air is leading the energy transition to green aviation.(10)

Reducing Costs and Emissions

With target reductions of up to 50% in direct operating costs and 100% in carbon emissions for the fully-electric powertrain, Surf Air’s technology promises to revolutionize the aviation landscape. Stan Little, CEO of Surf Air Mobility, expressed confidence in the Caravan as an ideal platform for developing their electrified powertrain, emphasizing Africa’s role at the forefront of regional air mobility.(10)

Pioneering Sustainability

The agreements with Safarilink and Yellow Wings underscore their commitment to sustainability and wildlife conservation. By adopting Surf Air’s electric powertrain technology, they aim to reduce noise pollution, minimize climate impact, and contribute to Kenya’s goal of shifting towards renewable energy sources by 2030.(10)

Driving Global Transformation

Both Safarilink and Yellow Wings believe that electrified aircraft will not only enhance their current services but also unlock new possibilities for sustainable aviation. Through these partnerships, they seek to lead the way in transforming regional aviation in Kenya and East Africa, setting a global precedent for environmentally-friendly air travel.(10)

Surf Air Mobility Inc. (NYSE: SRFM) Reports Revenue Growth In Third Quarter 2023 and Maintains Full Year Guidance (8)

Surf Air Mobility Inc. (NYSE: SRFM) recently disclosed its third-quarter results for 2023, showcasing robust revenue growth and maintaining its full-year guidance. The company’s performance reflects its strategic initiatives and operational efficiency in a dynamic market environment.(8)

Business Highlights
The third quarter of 2023 witnessed significant milestones for Surf Air Mobility:

Public Listing and Merger Closure: Surf Air completed its public listing on the NYSE, facilitating the finalization of its merger with Southern Airways. This move solidified contractual agreements with strategic partners Textron Aviation, Jetstream Aviation Capital, and GEM Global Yield.

Fleet Expansion: The company confirmed its aircraft order for additional Cessna Grand Caravan EX aircrafts from Textron Aviation, with plans for 11 deliveries in 2024. This expansion aims to bolster Surf Air’s operational capacity and service offerings.

Supply Chain Management: To mitigate industry-wide supply chain challenges, Surf Air procured spare engines, ensuring the smooth operation of its fleet in the coming quarters.

Business Growth: Surf Air witnessed a remarkable 63% year-over-year growth in its On-Demand business for the third quarter on a pro forma basis, underscoring its increasing market demand and customer preference.

Electrification Progress: Significant strides were made in the development of Surf Air’s Electrification business, including finalizing a data license agreement with Textron Aviation and advancing engineering specifications with AeroTEC.

Sales and Marketing Partnership: Surf Air finalized an exclusive sales and marketing agreement with Textron Aviation, laying the groundwork for market expansion and customer acquisition.

Partnership with REGENT: Surf Air established a partnership with REGENT, becoming their launch customer in Hawaii and establishing a base of operations for passenger service in South Florida, the Bahamas, and the Caribbean.

Funding Restructuring: The company restructured its funding facility with GEM, securing terms that offer more flexibility in cash draws, ensuring ongoing access to capital.

Financial Highlights

In the third quarter of 2023, Surf Air Mobility Inc. (NYSE: SRFM) reported GAAP revenue of $21.9 Mln and pro forma revenue of $28.9 Mln, representing a 6.2% year-over-year increase on a pro forma basis.

For the nine months year-to-date, GAAP revenue totaled $33.7 Mln, with pro forma revenue reaching $85.4 Mln, marking a 17.3% year-over-year increase on a pro forma basis.

Surf Air Mobility provided financial guidance for the full year 2023:

GAAP Revenue: Expected to range between $54.5 Mln to $59.5 Mln.
Pro forma Revenue: Anticipated to range between $107.5 Mln to $112.5 Mln, reflecting a 6.9% increase compared to the full year 2022.
CEO Perspective

Stan Little, CEO of Surf Air Mobility, expressed confidence in the company’s trajectory, emphasizing its long-term vision to expand the airline network and advance electrified aircraft programs. He highlighted the potential for innovative electric aircraft technologies to lower operating costs and drive growth in the regional air mobility market.

Recent Headlines

Surf Air Mobility Inc. (NYSE: SRFM) and Electra Enter Bilateral Agreement to Bring eSTOL Aircraft to Market, Incorporate Surf Air Technology into Joint Systems, and Create Leasing Partnership.

Surf Air Mobility Inc. (NYSE: SRFM) Enters Agreement to Supply Electric Powertrains to Kenya’s Largest Cessna Caravan Charter Operator.

Surf Air Mobility Inc. (NYSE: SRFM) and Williamsport, Pennsylvania Enter Agreement for Subsidized Commuter Air Service Between Williamsport Regional Airport (IPT) and Washington Dulles International Airport (IAD).

January 4, 2024

Surf Air Mobility Inc. (NYSE: SRFM) Enters Agreements to Supply Electric Powertrains to Major Kenyan Cessna Caravan Operators Safarilink and Yellow Wings.

Analyst Target Suggest 300% Potential Upside for Pioneer in Green Regional Air Travel with Electric Planes… (1)(2)

See why now could be the best time to start your research on Surf Air Mobility Inc. (NYSE: SRFM)

7 Reasons Why Surf Air Mobility Inc. (NYSE: SRFM) Could Witness Significant Upside Potential in 2024…

The Regional Air

The Regional Air Mobility (RAM) market is on the rise, expected to hit $75B to $115B by 2035 and serving millions of passengers each year, signaling significant potential upside for Surf Air Mobility Inc. (NYSE: SRFM). (3)(2)

Analyst Coverage:

With Alexander Potter of Piper Sandler setting a $4 target, indicating a potential upside of 300%, and George Gianarikas of Canaccord Genuity forecasting a $3 target, suggesting a 200% potential upside, along with David Vernon of Bernstein's $3.62 target, signaling a 262% potential upside from its recent low on 2/13/2024, analyst coverage underscores considerable growth prospects for Surf Air Mobility Inc. (NYSE: SRFM). (1)(6)

Active Chart:

Since coming off its 52-week low of $.65 on 12/8/2023, shares of Surf Air Mobility Inc. (NYSE: SRFM) moved approximately 160% in less than 14 business days when they reached $1.69 on 12/28/2023 according to Barchart.com. (6)

Market Disruption:

The emergence of Regional Air Mobility (RAM) marks a significant shift in air travel paradigms, shaking up traditional aviation models and opening doors for forward-thinking companies like Surf Air Mobility Inc. (NYSE: SRFM) to take the lead. With its cutting-edge aerospace technology and commitment to innovation, Surf Air Mobility positions itself at the forefront of the regional air travel revolution, driven by its technology-driven, on-demand air mobility platform and its Aircraft-as-a-Service (ACaaS) program which it intends to offer to air operators once fully developed. (2)(7)

Environmental Sustainability:

Aligned with the growing emphasis on eco-friendly transportation solutions, Surf Air Mobility Inc. (NYSE: SRFM) showcases a strong commitment to sustainability, positioning itself as an attractive prospect for those concerned with environmental impact. (2)

Strategic Partnerships:

Positioning itself as a key player in integrating innovative aircraft technologies into its national flight network, Surf Air Mobility Inc. (NYSE: SRFM) has secured strategic relationships with one of the world’s largest general aviation manufacturers Textron Aviation and aviation technology engineering leader AeroTEC. It has also solidified preferred delivery positions for 90 Electra eSTOL aircraft from Electra. (7)

Annual Revenue Growth Potential:

Showcasing robust third-quarter results, Surf Air Mobility Inc. (NYSE: SRFM) reported GAAP revenue of $21.9 Mln and pro forma revenue of $28.9 Mln. With an annual outlook projecting GAAP revenue between $54.5 Mln to $59.5 Mln and pro forma revenue between $107.5 Mln to $112.5 Mln, the company demonstrates a strong trajectory for revenue growth. This, coupled with strategic initiatives like fleet expansion and supply chain management, highlights the potential of Surf Air Mobility to capitalize on revenue-driven opportunities in the regional air travel sector.(8)

Source 1: https://www.benzinga.com/quote/SRFM/analyst-ratings
Source 2: https://s202.q4cdn.com/166167538/files/doc_presentations/2023/Sep/21/investor-presentation-september-2023.pdf
Source 3: https://www.mckinsey.com/industries/aerospace-and-defense/our-insights/short-haul-flying-redefined-the-promise-of-regional-air-mobility?cid=soc-web
Source 4: https://www.flyingmag.com/electra-aero-surpasses-2000-orders-for-hybrid-electric-aircraft/
Source 5: https://evtol.news/news/inspiring-students-with-uam
Source 6: https://www.barchart.com/stocks/quotes/SRFM/price-history/historical
Source 7: https://finance.yahoo.com/news/surf-air-mobility-electra-enter-133000118.html
Source 8: https://finance.yahoo.com/news/surf-air-mobility-reports-revenue-210500016.html
Source 9: https://www.electra.aero/news/td2-reveal
Source 10:https://finance.yahoo.com/news/surf-air-mobility-enters-agreements-133000617.html
Source 11 https://www.linkedin.com/pulse/week-1-african-aviation-trails-aerotrail-vlknf?trk=public_post
Source 12: https://www.otcmarkets.com/stock/SRFM/overview
Source 13: https://finviz.com/quote.ashx?t=SRFM&p=d
Source 14: https://isp.today/the-importance-of-research-coverage-for-small-and-micro-cap-companies/
Source 15: https://www.avbuyer.com/articles/turboprop-price-guides/cessna-grand-caravan-ex-price-guide-113201