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.

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (the “Company” or “Volato”) (NYSE American: SOAR), a leader in private aviation innovation, today announced it received from NYSE Regulation a Warning Letter (the “Letter”) as provided under Section 1009(a) of the NYSE American LLC Company Guide (the “Company Guide”) describing the Company's failure to comply with Sections 301 and 713 of the Company Guide. Section 301 of the Company Guide prohibits a listed company from issuing, or authorizing its tr.

Volato Group Announces Resolution of Non-Compliance with the NYSE American Rules

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR), a leader in private aviation innovation, today announced the withdrawal of its S-1 registration statement. This decision reflects the company's continued progress in strengthening its financial position, marking another milestone in its turnaround efforts. The company remains on track to deliver positive net income in Q4 2024, driven by strategic initiatives that have already resulted in improved financial performance. In the t.

Volato Group Withdraws S-1 Registration Statement, Reinforcing Positive Momentum With Anticipation of Positive Q4 Net Income

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR), a leader in private aviation innovation, announces a new patent-pending technology that advances how aircraft generate revenue by repurposing underutilized aircraft resources for cryptocurrency mining. First filed in 2023, this innovation has already benefited from significant Bitcoin price appreciation, reinforcing its potential to turn aviation's untapped resources into valuable digital assets. By default, the system operates.

Volato Disrupts $2.4 Billion Market with Patent-Pending Bitcoin Innovation

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) announced that Vaunt, the leading private aviation platform for accessing affordable private aviation experiences, launched its new premium membership tier, Vaunt Cabin Plus, and the rebranding of its existing membership as Vaunt Core. These significant milestones underscore Vaunt's commitment to redefining the private aviation experience for its members. Vaunt Membership Tiers: Vaunt Core and Vaunt Cabin Plus Vaunt's membership.

Volato's Innovation in a $15.27 Billion Private Aviation Market Turns Heads with Vaunt's New Cabin Plus Membership Plan

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE America: SOAR) announced that Vaunt, the innovative empty leg private aviation booking platform, achieved 50% revenue growth since June 2024, and announced the expansion of its flight inventory with the integration of the first Excel/XLS flights from flyExclusive's fleet. Building on the successful launch and integration of flyExclusive's CJ3+ fleet earlier this month, this latest addition reinforces Vaunt's commitment to providing its members.

Volato's Vaunt Platform Achieves 50% ARR Growth, Poised for Further Expansion with New Excel/XLS Aircraft from flyExclusive

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato” or the “Company”), announced the filing of the third quarter 2024 Form 10-Q with the Securities and Exchange Commission (SEC). The Form 10-Q can be found at https://ir.flyvolato.com/financial-information/sec-filings or at www.sec.gov. Third Quarter 2024 Financial Summary Total revenue for the third quarter increased $36.6 million year-over-year, primarily from an increase in aircraft sales of $38.2 million and subscrip.

Volato Reports $40.3 million in Revenue and Confirms NYSE Acceptance of Compliance Plan in Third Quarter 10-Q

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (NYSE American: SOAR) (“Volato” or the “Company”), today announced results for the third quarter ended September 30, 2024, reflecting early progress in a recently launched turnaround strategy aimed at building a stronger foundation and positioning the Company for sustainable growth. Third Quarter 2024 Financial Highlights Total revenue was $40.3 million Aircraft sales revenue was $38.2 million Managed services revenue was $1.8 million Software subscr.

Volato Reports Third Quarter 2024 Results

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (“Volato,” or the “Company”) (NYSE American: SOAR) announced that following the recent integration of flyExclusive, the fifth-largest operator in the United States, Vaunt, launched its third-party operator program. This initiative marks a new chapter for Vaunt, as the platform welcomes other operators to join and benefit from its technology platform and extensive member base. With the integration of flyExclusive, Vaunt has demonstrated its capability.

Vaunt Launches Third-Party Operator Program Following Successful flyExclusive Integration

ATLANTA--(BUSINESS WIRE)--Volato Group, Inc. (“Volato,” or the “Company”) (NYSE American: SOAR) is excited to announce that Vaunt has reached an important milestone, with the first flyExclusive flights now available on the platform. This is the start of a larger effort to expand the flight options available to Vaunt members, with more additions and features planned in the coming months. flyExclusive brings a range of light, midsize, and super-midsize jets to Vaunt, significantly expanding the c.

Vaunt Reaches First Milestone with flyExclusive Flights Now Available

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.

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