---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-25-003033"
form_type: "8-K/A"
ticker: "PREM"
cik: "0001570937"
company_name: "Premier Air Charter Holdings Inc."
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-23T00:22:56.236257+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001683168-25-003033
- form_type: 8-K/A
- ticker: PREM
- cik: 0001570937
- company_name: Premier Air Charter Holdings Inc.
- filed_at: 2025-05-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1570937/000168316825003033/0001683168-25-003033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1570937/000168316825003033/altair_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-003033
- JSON: https://secwatch.observer/filing/0001683168-25-003033.json
- Plain text: https://secwatch.observer/filing/0001683168-25-003033.txt

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