Volato president resigns; Q2 KPIs show improved contribution and yield

Volato Group, Inc.

President Keith Rabin resigns for personal reasons effective July 19; CEO Matthew Liotta assumes president role.
Q2 total flight hours 3,052 (+4.5% YoY); empty percentage improved to 36.1% from 39.6%.
Blended yield $5,330/hr (+5.7% YoY); new Contribution KPI of $734/hr (up from $318 YoY).
Non-owner demand mix record 56% (up from 55% YoY); floating fleet reduced to 25 aircraft.
Light jet market share steady at 2.5%; Net Promoter Score 86 vs. 89 a year ago.

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Executive movements

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Departed

Keith Rabin

President

SOAR · Volato Group, Inc.

Effective: 2024-07-19
Successor: Matthew Liotta
Filed: July 19, 2024, 7:59 PM ET

On July 19, 2024, Keith Rabin, President of the Company, notified the Company of his intent to resign as president effective July 19, 2024 for personal reasons.

Role change

Matthew Liotta

President

SOAR · Volato Group, Inc.

Effective: 2024-07-19
Filed: July 19, 2024, 7:59 PM ET

Matthew Liotta, the Company’s Chief Executive Officer, has assumed the responsibilities of the Company’s president, effective July 19, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Keith Rabin resigned as President at Volato Group, Inc..

Action: resigned
Role: President

Exact text from the filing

On July 19, 2024, Keith Rabin, President of the Company, notified the Company of his intent to resign as president effective July 19, 2024 for personal reasons.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew Liotta changed role as President at Volato Group, Inc..

Action: assumed responsibilities
Role: President

Exact text from the filing

Matthew Liotta, the Company’s Chief Executive Officer, has assumed the responsibilities of the Company’s president, effective July 19, 2024.

View on SEC.gov

Volato Group, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-032340

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