Volato Group reported Q3 2024 revenue of $40.3 million, a significant increase from $3.7 million in Q3 2023, primarily driven by aircraft sales of $38.2 million. Operating income reached $1.9 million, compared to a $1.8 million loss in the prior year period. The company delivered two HondaJet Elite IIs and one Gulfstream G280 during the quarter.In September 2024, Volato announced a strategic agreement with flyExclusive to transition its fleet operations, aiming to focus on high-growth areas including aircraft sales and proprietary software. The company will continue taking delivery of new aircraft while benefiting from sales margins without operational costs. The move is expected to bring substantial cost savings.The company faces liquidity challenges with negative working capital of $22.6 million and an accumulated deficit of $102.4 million as of September 30, 2024. Management believes current cash position combined with anticipated aircraft sales margins and potential future financing will fund operations for at least one year, though substantial doubt exists about the company's ability to continue as a going concern.

Volato Group reported Q3 2024 revenue of $40.3 million, a significant increase from $3.7 million in Q3 2023, primarily driven by aircraft sales of $38.2 million. Operating income reached $1.9 million, compared to a $1.8 million loss in the prior year period. The company delivered two HondaJet Elite IIs and one Gulfstream G280 during the quarter.In September 2024, Volato announced a strategic agreement with flyExclusive to transition its fleet operations, aiming to focus on high-growth areas including aircraft sales and proprietary software. The company will continue taking delivery of new aircraft while benefiting from sales margins without operational costs. The move is expected to bring substantial cost savings.The company faces liquidity challenges with negative working capital of $22.6 million and an accumulated deficit of $102.4 million as of September 30, 2024. Management believes current cash position combined with anticipated aircraft sales margins and potential future financing will fund operations for at least one year, though substantial doubt exists about the company's ability to continue as a going concern.