Premier Air Charter reports 2024 net loss of $2.19M on revenue of $20.75M; going concern raised

Premier Air Charter Holdings Inc.

Net loss widened to $2.19M in 2024 from $144k loss in 2023; gross profit fell to $2.39M from $3.16M.
Revenue rose slightly to $20.75M in 2024 from $20.18M in 2023, but cost of sales increased faster.
Company had negative working capital of $5.36M current liabilities vs $997k current assets at Dec 31, 2024.
Auditor includes going concern emphasis due to net loss, negative working capital, and reliance on related-party support.
Critical audit matter flagged significant related-party transactions with entities controlled by officers and directors.

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