---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-059582"
form_type: "8-K"
ticker: "SRFM"
cik: "0001936224"
company_name: "SURF AIR MOBILITY INC."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:23:21.416151+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Surf Air Q1 revenue $30.6M beats guidance; CEO Stan Little steps aside, Deanna White interim CEO

## Summary
- Q1 revenue $30.6M, up 9.5% pro forma YoY, exceeding guidance; net loss $(37.0)M vs $(15.5)M YoY pro forma.
- Adjusted EBITDA $(16.5)M, within guidance; Q2 outlook: revenue $28-31M, adjusted EBITDA $(18)-$(16)M.
- CEO transition: Stan Little to Founder role; Deanna White becomes COO and interim CEO, effective May 14, 2024.
- Cash $1.3M as of March 31; $90M committed draws available under GEM facility; retained investment bank for non-dilutive capital.
- Strategic review underway to return airline ops to profitability; investor day postponed to Q3 2024.

## SEC filing metadata
- accession: 0000950170-24-059582
- form_type: 8-K
- ticker: SRFM
- cik: 0001936224
- company_name: SURF AIR MOBILITY INC.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1936224/000095017024059582/0000950170-24-059582-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1936224/000095017024059582/srfm-20240514.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-059582
- JSON: https://secwatch.observer/filing/0000950170-24-059582.json
- Plain text: https://secwatch.observer/filing/0000950170-24-059582.txt

## Key facts
- Earnings Releases
  SURF AIR MOBILITY INC. reported the first quarter ended March 31, 2024 results: revenue $30.6 million, net income $(37.0) million.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $30.6 million
  - Net income: $(37.0) million
  - Result: reported results
  source text: Guidance and Announces CEO Transition Deanna White, former CFO, will become Chief Operating Officer and interim CEO, Stan Little to assume role of “Founder” Q1 2024 Revenue of $30.6 million, up 9.5% Year-Over-Year on a Pro Forma Basis, Beats Guidance LOS ANGELES – May 14, 2024 – Surf Air Mobility Inc. (NYSE: SRFM), a leading regional air mobility platform, today
  evidence_url: https://www.sec.gov/Archives/edgar/data/1936224/000095017024059582/0000950170-24-059582-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.