Revenue: As of FY2025 Q2, the actual value is USD 189.64 M.

EPS: As of FY2025 Q2, the actual value is USD -0.12.

EBIT: As of FY2025 Q2, the actual value is USD -81.34 M.

Segment Revenue

• Membership Revenue: Decreased by 53% to $7,474,000 for the three months ended June 30, 2025, compared to $16,046,000 for the same period in 2024.
• Flight Revenue: Decreased by 3% to $158,330,000 for the three months ended June 30, 2025, compared to $163,684,000 for the same period in 2024.
• Other Revenue: Increased by 44% to $23,833,000 for the three months ended June 30, 2025, compared to $16,555,000 for the same period in 2024.

Operational Metrics

• Net Loss: Improved by 15% to -$82,299,000 for the three months ended June 30, 2025, compared to -$96,973,000 for the same period in 2024.
• Gross Margin: Improved to 1.2% for the three months ended June 30, 2025, compared to -5.6% for the same period in 2024.
• Adjusted Contribution Margin: Increased to 12.2% for the three months ended June 30, 2025, compared to 7.8% for the same period in 2024.

Cash Flow

• Net Cash Used in Operating Activities: Increased to -$110,804,000 for the six months ended June 30, 2025, compared to -$98,956,000 for the same period in 2024.
• Net Cash Provided by Investing Activities: Decreased to $19,914,000 for the six months ended June 30, 2025, compared to $24,093,000 for the same period in 2024.
• Net Cash Used in Financing Activities: Decreased to -$17,560,000 for the six months ended June 30, 2025, compared to -$41,396,000 for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company is implementing initiatives expected to drive approximately $50 million in annual cash cost savings through efficiency, productivity, and overhead cost reduction actions associated with its fleet modernization plan over the next several quarters.
• Non-Core Business: The company announced the sale of three non-core services businesses, expected to generate approximately $20 million of proceeds before transaction-related expenses, with the transaction expected to close in the third quarter of 2025.