Surf Air Mobility Q2 revenue beats estimates on surf on demand growth

The company sees third-quarter 2026 revenue between $35.5 million and $37.5 million and expects Q3 2026 adjusted EBITDA loss of $7 million to $4 million.

Surf Air Mobility reaffirmed 2026 revenue guidance of $128 million to $138 million and narrowed its 2026 adjusted EBITDA loss guidance to $30 million to $25 million, from a prior loss forecast of $50 million to $40 million.

The company also said it reduced convertible note principal by 64% and lowered monthly cash amortization payments.

• Private charter growth - Surf On Demand private charter revenue more than doubled year-over-year, driven by higher departures and a shift toward larger aircraft and longer flights.
• Scheduled service decline - Scheduled service revenue fell 19% year-over-year due to continued rationalization of the company’s route network.
• Cost pressures and efficiencies - Elevated fuel costs and weather-related cancellations in Hawaii weighed on results, but cost controls and operational efficiencies, including software improvements, partially offset these impacts.