Volato Group Inc

Earnings data Q4 2023

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Volato Group, Inc. is an aviation company, which engages in the provision of aircraft products and other services. The company was founded on January 7, 2021, and is headquartered in Chamblee, GA.

NEW YORK--(BUSINESS WIRE)--NYSE American LLC (“NYSE American” or the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the warrants — ticker symbol SOAR.WS — of Volato Group, Inc. (the “Company”), each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50, from the NYSE American. Trading in the Company's warrants will be suspended immediately. Trading in the Company's Class A common stock — tic.

NYSE American to Commence Delisting Proceedings with Respect to the Warrants of Volato Group, Inc. (SOAR.WS)

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc (“Volato,” or the “Company”) (NYSE American: SOAR), today announced that the NYSE American LLC (the "NYSE American") has accepted the Company's plan of compliance for continued listing on the exchange. As previously reported, on June 18, 2024, the Company received a notice (the "notice") from the NYSE American LLC (the “NYSE American”) advising the Company that it is not in compliance with the NYSE American continued listing standards set forth in Sec.

Volato Announces Acceptance of Compliance Plan by NYSE American

flyExclusive Inc

ATLANTA--(BUSINESS WIRE)--Volato, the largest operator of HondaJet aircraft in the United States, today announced an agreement with flyExclusive, Inc. (NYSEAMERICAN: FLYX), a leading provider of private jet charter services, to transition the management of its fleet operations to flyExclusive. This move is expected to bring substantial cost savings and provide Volato with the opportunity to focus on its high-growth areas, including aircraft sales and proprietary software. Under the terms of the.

Volato Announces Strategic Agreement with flyExclusive and Outlines Continued Growth Plans

KINSTON, N.C.--(BUSINESS WIRE)--flyExclusive, Inc. (NYSEAMERICAN: FLYX) (“flyExclusive” or the “Company”), a publicly-traded provider of premium private jet charter experiences, today announced that it has entered into an Aircraft Management Services Agreement (“AMS”) with Volato Group, Inc. (“Volato”), the largest HondaJet operator in the United States. “As a fully integrated operator, flyExclusive is well-positioned to offer synergistic value to Volato's clients and deliver enhanced value for.

flyExclusive Enters Exclusive Agreement to Provide Aircraft Management Services to Volato Group Inc.

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (“Volato,” or the “Company”) (NYSE American: SOAR), a leading private aviation company and the largest HondaJet operator in the United States, today announced further steps in its ongoing efforts to enhance operational efficiency and profitability. As part of this strategy, the company will be removing five leased aircraft from its fleet, a decision that aligns with the anticipated delivery of new HondaJets and the current pace of demand growth. This.

Volato Announces Fleet Update and Cost Efficiency Measures

ATLANTA--(BUSINESS WIRE)--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 second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Total revenue was $15.1 million Aircraft usage revenue was $12.5 million Managed services revenue was $2.7 million Net loss was $16.9 million, including the impact of a $2.8 million non-cash charge Adjus.

Volato Reports Second Quarter 2024 Results

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato”), a leading private aviation company and the largest HondaJet operator in the United States, today announced that the company will release its financial results for the second quarter ended June 30, 2024 before the market open on August 14, 2024 and will host a conference call to discuss the results at 8:00am ET. Interested parties can access the conference call by dialing 866-605-1830 for toll free access or +1 215-26.

Volato Announces Date for Second Quarter 2024 Earnings Call

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato”), a leading private aviation company and the largest HondaJet operator in the United States, today announced the launch of its Fractional G280 Ownership Program, expanding its fractional offering to the super-midsize category and becoming the only provider in the U.S. to offer fractional ownership of the G280. The Gulfstream G280 is designed to complement Volato's existing fleet by offering a spacious cabin that comfor.

Volato Launches the First Fractional G280 Ownership Program in the United States

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato”), a leading private aviation company and the largest HondaJet operator in the United States, today announced a series of enhancements to its fractional program, along with the news that the company has returned $8.5 million in revenue share to fractional owners since its inception in August 2021. These changes are aimed at delivering unparalleled value, flexibility, and a financially efficient program to fractional own.

Volato Updates Fractional Program with Additional Differentiated Benefits

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (“Volato,” or the “Company”) (NYSE American: SOAR), a leading private aviation company and the largest HondaJet operator in the United States, today announced key performance indicators (KPIs) for the second quarter 2024. Mark Heinen, Volato's Chief Financial Officer, commented, “We were pleased to achieve another quarter of positive, consistent performance across all metrics, reflecting the sustained demand for Volato's customer-designed, modern, an.

Volato Reports Operational KPIs for the Second Quarter 2024

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato”), a leading private aviation company and the largest HondaJet operator in the United States, today announced the appointment of business aviation veteran, Mark Ozenick, as President of Volato Aircraft Management Services (VAMS), a division of Volato. Ozenick will spearhead the growth and expansion of the company's aircraft management business. “We are thrilled to welcome Mark to lead the expansion of Volato's aircraft.

Volato Appoints Industry Veteran Mark Ozenick to Lead Aircraft Management Business Growth

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato” or the “Company”), a leading private aviation company and the largest HondaJet operator in the United States, is pleased to provide an update on the availability of new aircraft for delivery in 2024. The Company has received ready notices for two HondaJets that will be available for delivery in June and two additional HondaJets in July. Additionally, Gulfstream has notified the Company that its first G280 will be ready.

Volato Provides Update on HondaJet and Gulfstream G280 Deliveries

ATLANTA--(BUSINESS WIRE)--First paragraph, second sentence of release should read: The Company must submit a plan (the “Plan”) by July 18, 2024 to the NYSE American outlining actions it has taken or will take to regain compliance with the continued listing standards by December 18, 2025 (instead of: The Company must submit a plan (the “Plan”) by July 18, 2024 to the NYSE American outlining actions it has taken or will take to regain compliance with the continued listing standards by December 18.

CORRECTING and REPLACING Volato Announces Receipt of Continued Listing Standards Notice from NYSE American

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato” or the “Company”) today announced that on June 18, 2024, it received a notice (the “notice”) from the NYSE American LLC (the “NYSE American”) advising the Company that it is not in compliance with the NYSE American continued listing standards set forth in Section 1003(a)(i) of the NYSE American Company Guide (the “Company Guide”) requiring a company to have stockholders' equity of at least $2.0 million if it has report.

Volato Announces Receipt of Continued Listing Standards Notice from NYSE American

ATLANTA--(BUSINESS WIRE)--Vaunt, a platform for connecting travelers to private flights, powered by Volato (NYSE American: SOAR), a leading private aviation company and the largest HondaJet operator in the United States, today announced that it has achieved $1 million of annual recurring revenue (ARR) from paid subscriptions. “We are pleased with the enthusiastic customer response to Vaunt, with nearly 45,000 registered users to date, helping us achieve the significant milestone of over $1 mill.

Vaunt Reaches $1 Million of Annual Recurring Revenue in 2024

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato”), a leading private aviation company and the largest HondaJet operator in the United States, today announced the first of its HondaJet fleet – and the first HondaJet ever – is now equipped with the award-winning SmartSky LITE™ inflight connectivity system, the only streaming-level connectivity solution for small business aircraft. The installation follows the previously announced agreement to equip the Volato HondaJet.

Volato's First SmartSky®-Equipped HondaJet Enters Service

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato”), a leading private aviation company and the largest HondaJet operator in the United States, today announced that Matt Liotta, Chief Executive Officer, and Mark Heinen, Chief Financial Officer, will participate in a virtual fireside chat at the Jefferies Business Aviation Summit on June 4, 2024. Mr. Liotta and Mr. Heinen will speak on Tuesday, June 4 at 9:20 AM ET. To access the webcast and replay, please contact your.

Volato to Attend Jefferies Business Aviation Summit

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato”), a leading private aviation company and the largest HondaJet operator in the United States, today announced its second annual Safety Summit, a two-day event dedicated to advancing safety standards across the private aviation industry. The summit will take place June 25-26th in Atlanta, GA. The event will bring together industry stakeholders, aviation professionals, and thought leaders to share knowledge, discuss emerg.

Volato Announces 2024 Safety Summit, June 25-26 in Atlanta, GA

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato”), a leading private aviation company and the largest HondaJet operator in the United States, today announced the appointment of Luis Garcia as Executive Vice President of Sales. Garcia is an industry veteran with more than 19 years of experience in private aviation sales and operations, bringing strong expertise and a proven track record of success to his new role at Volato. Garcia previously spent eight years as Senio.

Volato Appoints Industry Sales Leader, Luis Garcia, as Executive Vice President of Sales

ATLANTA--(BUSINESS WIRE)--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 Aircraft usage revenue was $11.5 million Managed services revenue was $1.7 million Net loss was $17.4 million, including the impact of a $0.2 million non-cash charge Adjust.

Volato Reports First Quarter 2024 Results

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato”), a leading private aviation company and the largest HondaJet operator in the United States, today announced that Matt Liotta, Chief Executive Officer, and Mark Heinen, Chief Financial Officer, will present and host one-on-one investor meetings at the Sidoti Micro Cap Virtual Conference on May 8 - 9, 2024. Mr. Liotta and Mr. Heinen will present on Wednesday, May 8 at 2:30pm ET. A webcast of the presentation will be ava.

Volato to Attend Sidoti Micro Cap Virtual Conference

ATLANTA--(BUSINESS WIRE)--Vaunt, a platform for connecting travelers to private flights, powered by Volato (NYSE American: SOAR), a leading private aviation company and the largest HondaJet operator in the United States, today announced it achieved its first cash-positive month in March, and has reached $500,000 in annual recurring revenue. This success highlights Vaunt's progress in addressing the longstanding issue of empty-leg flights, where 30% or more of private flights industrywide are re.

Vaunt Marks First Cash-Positive Month, With Rapid Growth Highlighting Success in Tackling Empty-leg Flights

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (“Volato,” or the “Company”) (NYSE American: SOAR) today announced that it has appointed Christopher G. Burger and Fred A. Colen to the Company's Board of Directors. As part of this announcement, Joan Sullivan Garrett, Katherine Arris-Wilson, Peter Mirabello, and Dana H. Born have stepped down from the Company's Board of Directors without disagreement. The company is decreasing the size of its board from seven to five members, three of whom are Indep.

Volato Announces Changes to Board Composition

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (“Volato,” or the “Company”) (NYSE American: SOAR), a leading private aviation company and the largest HondaJet operator in the United States, today announced key performance indicators (KPIs) for the first quarter 2024. Mark Heinen, Volato's Chief Financial Officer, commented, “We continue to focus on growing our flight hours and optimizing our demand mix to achieve a higher blended yield and lower empty percentage, all while maintaining a world-cla.

Volato Reports Operational KPIs for the First Quarter 2024

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato”), a leading private aviation company and the largest HondaJet operator in the United States, today announced a top tier Net Promoter Score (NPS) of 88, based on the average scores of 2023. The high score reflects the company's dedication to customer-designed service, transparency, and the critical role of NPS in constantly refining every aspect of the business. "Volato's NPS score reflects our commitment to delivering.

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