Surf Air Mobility to Provide Third Quarter 2023 Financial Results on November 14, 2023
October 31 2023 - 3:05PM
Business Wire
Surf Air Mobility Inc. (NYSE: SRFM), a regional air mobility
platform aiming to sustainably connect the world’s communities,
today announced that it will release their third quarter 2023
financial results after market close on Tuesday, November 14, 2023,
and will host a webcast at 5:00 pm ET the same day.
Interested parties can register in advance to listen to the
webcast here, or can find a link on the ‘Events &
Presentations’ section of our investor relations website. A replay
of the call will also be available online for 21 days following the
call.
ABOUT SURF AIR MOBILITY
Surf Air Mobility is a Los Angeles-based regional air mobility
platform expanding the category of regional air travel to reinvent
flying through the power of electrification. In an effort to
substantially reduce the cost and environmental impact of flying
and as the operator of the largest commuter airline in the US, Surf
Air Mobility intends to develop powertrain technology with its
commercial partners to electrify existing fleets and bring
electrified aircraft to market at scale. The management team has
deep experience and expertise across aviation, electrification, and
consumer technology.
Forward-Looking Statements
The information in this press release includes “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Forward-looking statements include, among
other things, statements about: Surf Air Mobility’s ability to
anticipate the future needs of the air mobility market; future
trends in the aviation industry, generally; Surf Air Mobility’s
future growth strategy and growth rate and its ability to access
its financings and grow its fleet. In some cases, you can identify
forward-looking statements by terminology such as “may,” “should,”
“could,” “might,” “plan,” “possible,” “project,” “strive,”
“budget,” “forecast,” “expect,” “intend,” “will,” “estimate,”
“anticipate,” “believe,” “predict,” “potential” or “continue,” or
the negatives of these terms or variations of them or similar
terminology. Forward-looking statements are based on the opinions
and estimates of management at the date the statements are made and
are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking
statements. Factors that may cause actual results to differ
materially from current expectations include, but are not limited
to: Surf Air Mobility’s future ability to pay contractual
obligations and liquidity will depend on operating performance,
cash flow and ability to secure adequate financing; Surf Air
Mobility’s limited operating history and that Surf Air Mobility has
not yet manufactured any hybrid-electric or fully-electric
aircraft; the powertrain technology Surf Air Mobility plans to
develop does not yet exist; the inability to maintain and
strengthen Surf Air’s brand and its reputation as a regional
airline; any accidents or incidents involving hybrid-electric or
fully-electric aircraft; the inability to accurately forecast
demand for products and manage product inventory in an effective
and efficient manner; the dependence on third-party partners and
suppliers for the components and collaboration in Surf Air
Mobility’s development of hybrid-electric and fully-electric
powertrains, and any interruptions, disagreements or delays with
those partners and suppliers; the inability to execute business
objectives and growth strategies successfully or sustain Surf Air
Mobility’s growth; the inability of Surf Air Mobility’s customers
to pay for Surf Air Mobility’s services; the inability of Surf Air
Mobility to obtain additional financing or access the capital
markets to fund its ongoing operations on acceptable terms and
conditions; the outcome of any legal proceedings that might be
instituted against Surf Air, Southern or Surf Air Mobility; changes
in applicable laws or regulations, and the impact of the regulatory
environment and complexities with compliance related to such
environment; and other risks and uncertainties indicated in the
prospectus. Although Surf Air Mobility believes that the
expectations reflected in the forward-looking statements are
reasonable, there can be no assurance that such expectations will
prove to be correct. Surf Air Mobility cannot guarantee future
results, level of activity, performance or achievements and there
is no representation that the actual results achieved will be the
same, in whole or in part, as those set out in the forward-looking
statements and financial projections. Readers are cautioned not to
put undue reliance on forward-looking statements, and Surf Air
Mobility does not undertake any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
Additional information regarding these and other factors that
could affect Surf Air Mobility’s results is included in Surf Air
Mobility’s SEC filings, which may be obtained by visiting the SEC’s
website at www.sec.gov or the investor relations page on SAM’s
website at https://investors.surfair.com under the “Financials—SEC
Filings” section. Information contained on, or that is referenced
or can be accessed through, our website does not constitute part of
this document and inclusions of any website addresses herein are
inactive textual references only.
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