---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-023378"
form_type: "8-K"
ticker: "SOAR"
cik: "0001853070"
company_name: "Volato Group, Inc."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:34:23.398295+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Volato Q1 revenue $13.2M, net loss $17.4M; announces $14.5M financing

## Summary
- Revenue $13.2M ($11.5M aircraft usage, $1.7M managed services); net loss $17.4M with $0.2M non-cash charge.
- Adjusted EBITDA loss of $13.1M (non-GAAP).
- Flight hours up 39% YoY; blended yield up 8% YoY.
- Announces $14.5M new financing; expects delivery of 10-12 aircraft in FY 2024.

## SEC filing metadata
- accession: 0001628280-24-023378
- form_type: 8-K
- ticker: SOAR
- cik: 0001853070
- company_name: Volato Group, Inc.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1853070/000162828024023378/0001628280-24-023378-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1853070/000162828024023378/soar-20240515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-023378
- JSON: https://secwatch.observer/filing/0001628280-24-023378.json
- Plain text: https://secwatch.observer/filing/0001628280-24-023378.txt

## Key facts
- Earnings Releases
  Volato Group, Inc. reported first quarter ended March 31, 2024 results: revenue $13.2 million, net income $17.4 million.
  - Period: first quarter ended March 31, 2024
  - Revenue: $13.2 million
  - Net income: $17.4 million
  - Result: reported results
  source text: Volato Reports First Quarter 2024 Results Announces $14.5 Million in New Financing Grew Flight Hours 39% and Blended Yield 8% Year-over-Year Expect Delivery of 10-12 New Aircraft in FY 2024 Atlanta, GA – May 15, 2024 – Volato Group, Inc. (NYSE American: SOAR) (“Volato” or the “Company”), a leading private aviation company and the largest HondaJet operator in the United States, today announced results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights • Total revenue was $13.2 million o Aircraft usage revenue was $11.5 million o Managed services revenue was $1.7 million • Net loss was $17.4 million, including the impact of a $0.2 million non-cash charge
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853070/000162828024023378/0001628280-24-023378-index.htm

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