Volato Group reported positive momentum in Q3 2024 with total revenue of $40.3M, primarily driven by aircraft sales of $38.2M. The company achieved positive Adjusted EBITDA of $3.2M despite a net loss from continuing operations of $1.3M, marking significant improvement from the previous year's performance.The company initiated a strategic turnaround plan, highlighted by a partnership with flyExclusive to take over fleet operations. Key achievements include delivering two HondaJets and first Gulfstream G280, reducing SG&A by 75% sequentially to a $0.7M quarterly run rate, and growing Vaunt subscription platform to $1.5M in annual recurring revenue.Looking forward, Volato is focusing on aircraft sales and software development, particularly expanding its Mission Control software platform. The fleet operations transition to flyExclusive is expected to complete in Q4 2024, resulting in reduced Insider Card deposit liability of $4.1M in Q3. The company ended the quarter with $3.8M in cash and cash equivalents.

Volato Group reported positive momentum in Q3 2024 with total revenue of $40.3M, primarily driven by aircraft sales of $38.2M. The company achieved positive Adjusted EBITDA of $3.2M despite a net loss from continuing operations of $1.3M, marking significant improvement from the previous year's performance.The company initiated a strategic turnaround plan, highlighted by a partnership with flyExclusive to take over fleet operations. Key achievements include delivering two HondaJets and first Gulfstream G280, reducing SG&A by 75% sequentially to a $0.7M quarterly run rate, and growing Vaunt subscription platform to $1.5M in annual recurring revenue.Looking forward, Volato is focusing on aircraft sales and software development, particularly expanding its Mission Control software platform. The fleet operations transition to flyExclusive is expected to complete in Q4 2024, resulting in reduced Insider Card deposit liability of $4.1M in Q3. The company ended the quarter with $3.8M in cash and cash equivalents.