Jet.AI posted Q2 net loss of $2.28 million; revenue more than doubled to $5.32 million versus a year earlier.
Operating loss widened to $2.68 million; other income rose to $406,035, including a $399,000 unrealized gain on AI Acquisition interest.
Q2 revenue included $3.45 million from a HondaJet sale, $1.27 million from software app and Cirrus charter, and $506,171 from services.
First-half results improved and transaction updates
First-half net loss narrowed to $4.96 million; revenue rose to $7 million, helped by the same $3.45 million aircraft sale.
The flyExclusive aviation-asset transaction closed July 13; a July 15 letter of intent outlined a reverse takeover with a planned spin-off of JV and AI Acquisition interest.
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