| Ticker: | SRFM |
| Current Price: | $0.83 |
| % Daily Change: | -6.28% |
| Volume (1,000s): | 2,651.36 |
| Average Volume (1,000s): | 6,594.99 |
| Market Cap (M): | $92.59 |
| 1/2/2024 Price: | $5.96 |
| Change Since Inception: | -86.07% |
Surf Air Mobility Inc.
12111 Crenshaw Blvd
Hawthorne, CA 90250
Surf Air Mobility operates as an American aviation company with a focus on regional air travel. The organization formed in February 2020 through the acquisition of BlackBird Air. At this point in time, the company serves as the parent entity for several subsidiaries, including Surf Air, Mokulele Airlines, and Southern Airways Express. By managing these brands, the firm provides accessible short-haul flights across North America.
In July 2023, the company completed a direct listing on the New York Stock Exchange. Following this milestone, the team finalized its acquisition of Southern Airways Express to expand its national footprint. For this reason, Surf Air Mobility stands as one of the largest commuter airlines in the United States. In addition to these flight operations, the company develops sustainable technology for the aerospace industry.
To achieve the goal of greener travel, engineers design hybrid-electric powertrains for existing aircraft like the Cessna Grand Caravan. Because of a strategic partnership with Textron Aviation, the company plans to upgrade a significant portion of its fleet to reduce carbon emissions. In the past few months, the firm introduced a four-phase transformation plan to improve operational efficiency and relocated its systems center to Texas.
As a result of these innovations, the company maintains its own AI-enabled operating system called SurfOS. This software supports regional operators and aircraft owners by streamlining flight management and logistics. Through the combination of scheduled airline services and advanced powertrain technology, Surf Air Mobility seeks to revolutionize the future of regional aviation.