Stonegate Capital Partners Updates Coverage On Surf Air Mobility Inc. (SRFM) 2Q26

Dallas, Texas--(Newsfile Corp. - August 11, 2026) - Surf Air Mobility Inc. (NYSE: SRFM): Stonegate Capital Partners Updates Coverage on Surf Air Mobility Inc. (NYSE: SRFM). SRFM's 2Q26 results improved the forward setup, with revenue at the high end of guidance despite elevated fuel costs and Hawaii weather disruption, while the first SurfOS enterprise contract advanced commercialization. Revenue increased 8% y/y and 15% q/q to $29.5M, versus guidance of $27M-$30M, while adjusted EBITDA loss narrowed to $10.5M from $12.3M q/q, though widened from $9.5M in 2Q25. SRFM is moving beyond restructuring, with earnings supported by On Demand growth, structural airline efficiencies, initial SurfOS revenue expected in 2H26, lower financing pressure, and what we believe is a trough in scheduled service as route-exit headwinds begin to moderate.

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