Surf Air Mobility's revenue for a unit jumped nearly 72 per cent in 2022, showed the electric aviation and regional air travel company's regulatory filing on Monday with the U.S. Securities and Exchange Commission to list its shares in New York.The company, which had confidentially filed for a direct U.S.
Surf Air Mobility's revenue for a unit jumped nearly 72 per cent in 2022, showed the electric aviation and regional air travel company's regulatory filing on Monday with the U.S. Securities and Exchange Commission to list its shares in New York.
The listing comes at a challenging time for the U.S. public markets as dealmaking has been at a near standstill since last year, with investors grappling with heightened volatility in a rising interest rate environment. Electric vehicle maker Rivian Automotive Inc in its November 2021 Nasdaq debut fetched a valuation of more than $100 billion, amid upbeat investor sentiment and a booming IPO market, even as its revenue generation at the time was negligible.
For the three months ended March 31, Southern Airways Corporation generated revenue of $22.67 million, compared with $16.72 million a year earlier.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Surf Air Mobility reveals revenue jump in listing paperwork(Corrects paragraph 1 to say unit's revenue rose nearly 72 per cent, not company's revenue rose nearly 40 per cent; corrects paragraph 2 to say unit Surf Air generated $20.27 mln in revenue, not the company) Surf Air Mobility's revenue for a unit jumped nearly 72 per cent in 2022, the electric aviation an
Read more »
Russia's air attack repelled on approach to Kyiv, Ukraine saysAll of Ukraine was under air raid alerts for nearly three hours. Read more at straitstimes.com.
Read more »
Motorcycling experts urge bikers to stop using mobile phones amid a spike in fatal crashesThe first quarter of 2023 saw 21 motorcyclists and pillion riders killed in traffic accidents., which is nine more than 2022. Read more at straitstimes.com.
Read more »
Volvo Cars sales up 31% in May as it recovers from past yearsHELSINKI : Sweden-based Volvo Cars on Monday posted a 31 per cent rise in sales in May compared with a year earlier, selling 60,398 cars.The 31 per cent rise comes after a strained 2022, when the company, like other automakers, felt the effects of persistent COVID-lockdowns in China, chip shortages and ot
Read more »
Increase in misbehaving, verbally abusive and drunk passengers on flights; IATA calls for prosecutionPhysical abuse incidents saw 'an alarming increase of 61 per cent' from the previous year, but they 'remain very rare', says the International Air Transport Association.
Read more »
Increase in misbehaving, verbally abusive and drunk passengers on flights; IATA calls for prosecutionPhysical abuse incidents saw 'an alarming increase of 61 per cent' from the previous year, but they 'remain very rare', says the International Air Transport Association.
Read more »