logo
Surf Air Mobility Introduces Flagship SurfOS™ AI-Enabled Product Suite for Air Mobility Industry

Surf Air Mobility Introduces Flagship SurfOS™ AI-Enabled Product Suite for Air Mobility Industry

Globe and Mail5 days ago

Unveils BrokerOS, OperatorOS, and OwnerOS: a unified, AI-enabled software platform to make the Air Mobility industry more efficient, reliable, and profitable.
Software tools are being designed to serve the current regional aviation industry while laying the foundation for the future Air Mobility customer landscape.
LOS ANGELES– Surf Air Mobility Inc. (NYSE:SRFM) ('the Company', 'Surf Air Mobility'), a leading regional air mobility platform, today unveiled the three flagship software products of the Company's SurfOS AI-enabled operating system scheduled for broad commercial release in 2026. BrokerOS, OperatorOS, and OwnerOS are purpose-built to address the needs of charter brokers, aircraft operators, and aircraft owners, respectively.
SurfOS will integrate industry data into a single, federated platform, creating an operating system for the Regional Air Mobility industry powered by Palantir Technologies (NASDAQ: PLTR).
Deanna White, CEO and COO of Surf Air Mobility, said: 'From crew scheduling to flight planning to sourcing on-demand charter aircraft, SurfOS is helping our teams work smarter every day. As we roll out more SurfOS tools internally, we will continue to automate manual tasks and improve reliability to ensure our aircraft and crews are operating as efficiently as possible.'
Sudhin Shahani, Co-founder of Surf Air Mobility, said: 'We're creating an operating system that unifies industry data to improve efficiency and increase profitability. Our software will not only serve today's regional and private aviation stakeholders, but is also being built in anticipation of the rapidly approaching era of electrified aircraft. These new electrified aircraft operators will need modern software to manage flight operations and consumer distribution.'
SurfOS flagship products:
BrokerOS consists of software tools specifically tailored for charter brokers. BrokerOS software tools streamline sourcing, quoting, booking, and payments for charter brokers. These tools will reduce manual workflows and will give both new and experienced brokers instant access to available inventory, live pricing, and end-to-end trip management capabilities.
BrokerOS is currently being used to manage the Company's Surf On Demand charter service and, once commercially available, will target the hundreds of Part 295 private charter broker companies and thousands of travel agents worldwide.
OperatorOS consists of software tools specifically tailored for aircraft operators. OperatorOS software tools are designed to optimize aircraft and crew scheduling for both Part 135 charter operators and scheduled commuter airlines. Leveraging these tools, operators can reduce turn times and improve aircraft and pilot utilization by tapping into operational data and automated crew planning. OperatorOS also includes a companion mobile Crew App, currently used by the Company today, that enables flight crews to check in for duty and receive flight schedules and operational updates to streamline day-of-flight coordination.
Once commercially available, OperatorOS will target the 1,800+ Part 135 operators, of which the Company's commuter airline, Southern Airways, is one of the largest in the U.S. by scheduled departures.
OwnerOS consists of software tools specifically tailored for aircraft owners. OwnerOS software tools are designed to deliver transparency and optimization capabilities to private aircraft owners. Through a native integration with OperatorOS, private aircraft owners will gain insight and better visibility into how their assets are being used as well as an interface to support decisions that optimize aircraft utilization to generate better returns on assets.
Once commercially available, OwnerOS will target the owners of the 11.7K+ Part 135 aircraft in use today.
SurfOS currently has beta agreements with eight users that are helping shape the development of key BrokerOS and OperatorOS features.
While SurfOS is positioned to serve the Regional Air Mobility industry, which is projected to be $75–$115 billion globally by 2035, the first commercial software products will have a more immediate impact on today's private aviation landscape. BrokerOS and OperatorOS are designed to address the global private jet charter services market, an estimated $41 billion opportunity by 2029, while OwnerOS is designed to address the estimated $40 billion global private aircraft sales market.
About Surf Air Mobility
Surf Air Mobility is a Los Angeles-based regional air mobility platform and one of the largest commuter airlines in the U.S. by scheduled departures. It is also the largest U.S. passenger operator of Cessna Caravans. In addition to its airline operations and On Demand charter services, Surf Air Mobility is developing an AI-powered software platform for the Regional Air Mobility industry. The company is also working to commercialize electrified aircraft and develop proprietary powertrain technology for the Cessna Caravan. Surf Air Mobility plans to offer its software and electrification solutions to the Regional Air Mobility industry to improve safety, efficiency, and profitability.
Forward-Looking Statements
This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the functionality and timing of the commercial release of SurfOS, the total addressable market for SurfOS, Surf Air's profitability and future financial results and its ability to achieve its business objectives. Readers of this release should be aware of the speculative nature of forward-looking statements. These statements are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company and reflect the Company's current views concerning future events. As such, they are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: Surf Air's ability to anticipate the future needs of the air mobility market; Surf Air's future ability to pay contractual obligations and liquidity will depend on operating performance, cash flow and ability to secure adequate financing; the dependence on third-party partners and suppliers for the components and collaboration in Surf Air's development of its advanced air mobility software platform, 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's growth; the inability of Surf Air's customers to pay for Surf Air's services; the inability of Surf Air 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, the risks associated with Surf Air's obligations to comply with applicable laws, government regulations and rules and standards of the New York Stock Exchange; and general economic conditions. These and other risks are discussed in detail in the periodic reports that the Company files with the SEC, and investors are urged to review those periodic reports and the Company's other filings with the SEC, which are accessible on the SEC's website at www.sec.gov, before making an investment decision. The Company assumes no obligation to update its forward-looking statements except as required by law.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Carney to meet Trump at G7 on Monday morning, PMO says
Carney to meet Trump at G7 on Monday morning, PMO says

Globe and Mail

time44 minutes ago

  • Globe and Mail

Carney to meet Trump at G7 on Monday morning, PMO says

Prime Minister Mark Carney is expected to hold a one-on-one meeting with U.S. President Donald Trump at the Group of Seven Summit Monday – an opportunity for the two men to make progress on resolving a damaging three-month trade war. The Prime Minister's Office told reporters about the meeting on Sunday. The G7 summit is taking place in the Rocky Mountain resort of Kananaskis, Alta. The Monday tete-a-tete would be the first time the pair have met in person since Mr. Carney visited the White House in early May. Mr. Carney is also expected to meet Indian Prime Minister Narendra Modi in a one-on-one Tuesday. As The Globe and Mail reported last week, Canada and the United States are exchanging potential terms of agreement in closely held talks on an economic and security deal. These exchanges are an effort to spell out what both sides might be able to agree upon as Ottawa and Washington try to find enough common ground to end their damaging trade war. More coming

AST SpaceMobile: A High-Risk, High-Reward Play on the Future of Connectivity
AST SpaceMobile: A High-Risk, High-Reward Play on the Future of Connectivity

Globe and Mail

time3 hours ago

  • Globe and Mail

AST SpaceMobile: A High-Risk, High-Reward Play on the Future of Connectivity

Forget what you thought you knew about satellite phones. While market attention remains fixed on artificial intelligence and quantum computing, a Texas-based company is making significant strides in its mission to revolutionize global internet access. AST SpaceMobile (NASDAQ: ASTS) is on the verge of launching a commercial space-based cellular network that communicates directly with the smartphone in your pocket. After a volatile journey since its 2021 public debut, a series of critical developments in 2025 are bringing its ambitious vision into sharp focus. Here's what you need to know about this high-profile space stock. A work in progress AST SpaceMobile's first-quarter 2025 results underscored the capital demands of its ambitious mission, reporting a $63 million operating loss driven by heavy research and development (R&D) and manufacturing investments. But that figure now comes with important context. In a pivotal breakthrough, the company secured a term sheet granting it long-term (80-plus years) access to 45 megahertz (MHz) of premium lower mid-band spectrum in North America through a settlement with Ligado. To fund the deal, AST also lined up $550 million in non-recourse financing. This is a game-changing development. It locks in a vital strategic asset and injects substantial capital without shareholder dilution, resolving a major financial overhang and providing the company with a much clearer path forward. Armed with this backing, AST's projections look increasingly credible: gateway equipment bookings of roughly $10 million per quarter and its first major revenue surge, estimated at $50 million to $75 million, in the second half of 2025. The transition from R&D to commercial deployment is no longer theoretical. It's in motion. A market opportunity redefined The global mobile connectivity market is a behemoth, generating over $135 billion in 2024. Yet, vast swathes of the planet and billions of people remain disconnected due to the economic and geographical limitations of terrestrial cell towers. AST SpaceMobile aims to close this digital divide by transforming space into the ultimate cell tower. The company's next-generation Block 2 BlueBird satellites, featuring massive 2,400-square-foot communications arrays, are engineered to deliver up to 10 times the bandwidth of their predecessors. This technological leap represents a fundamental reimagining of telecommunications infrastructure, offering solutions to challenges such as rural tower maintenance, the high cost of 5G densification, and network outages caused by natural disasters. A deepening competitive moat AST SpaceMobile's core advantage is its ability to deliver broadband directly to standard, unmodified smartphones -- eliminating the need for specialized terminals. Unlike traditional satellite internet providers, AST enables seamless roaming between terrestrial and space-based networks, creating a user experience that mirrors existing mobile coverage. That advantage just became more defensible. The company's new long-term agreement for premium L-Band spectrum is a strategic coup, establishing a regulatory and resource barrier that few can match. Combined with a growing patent portfolio and spectrum-sharing deals with major carriers like AT&T and Verizon, AST is locking in a lead that's increasingly hard to close. But urgency is rising. SpaceX's Starlink may be limited to text messaging in its Direct-to-Cell beta, yet it has already completed its first-generation satellite constellation -- proof of its rapid deployment capability. To rival AST's broadband ambitions, Starlink must still secure new spectrum access and enhance its hardware. However, its momentum highlights the importance of AST's early mover edge. Other players are also closing in. Lynk Global, backed by SES, is advancing commercial operations, signaling that the race for direct-to-device dominance is well underway. A valuation demanding a long-term view As of mid-June 2025, AST SpaceMobile has surged 81% year to date, lifting its market cap above $12.5 billion. For a company just beginning to generate revenue, this valuation is undeniably priced for the future. Traditional satellite operators, such as Iridium, offer limited benchmarks. A better comparison might be early-stage biotech or deep-tech firms -- businesses where value hinges on scalability and binary execution milestones. If AST succeeds in launching its commercial service and captures even a modest share of its massive addressable market, today's valuation may prove conservative. The upcoming launch cadence is pivotal. AST plans five orbital launches over the next six to nine months, beginning in July 2025. The goal is to enable continuous cellular broadband coverage across the U.S., Europe, and Japan by 2026. Execution on that timeline could mark the company's transition from promise to reality, thereby justifying the market's confidence. Risks remain, but so does the asymmetric upside The bullish case for AST SpaceMobile has sharpened. With financing secured and spectrum access locked in, the investment thesis now rests squarely on operational execution. The biggest risks are no longer financial -- they're physical. Satellite manufacturing is complex, and any launch failure could derail the rollout timeline. Regulatory headwinds may also emerge, particularly as astronomers raise concerns about light pollution and radio interference from growing satellite constellations. Still, for investors with high risk tolerance and a long-term horizon, AST offers a rare asymmetric opportunity. The company has cleared major technical, strategic, and financial hurdles. Now comes the hardest part: executing at scale. Success would mean not just delivering broadband from space, but reshaping the entire architecture of global connectivity. That's a transformation worth watching closely. Should you invest $1,000 in AST SpaceMobile right now? Before you buy stock in AST SpaceMobile, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and AST SpaceMobile wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,702!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $870,207!* Now, it's worth noting Stock Advisor 's total average return is988% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025

Snap Is Getting Ready to Launch AR Glasses. Does That Make SNAP Stock a Buy?
Snap Is Getting Ready to Launch AR Glasses. Does That Make SNAP Stock a Buy?

Globe and Mail

time4 hours ago

  • Globe and Mail

Snap Is Getting Ready to Launch AR Glasses. Does That Make SNAP Stock a Buy?

Social media company Snap (SNAP) is seeing some lift in its beaten-down stock after the company announced the launch of its lightweight, immersive spectacles next year. These techy eyeglasses are part of the company's aggressive push into augmented reality (AR) products, which are expected to be endowed with artificial intelligence (AI) capabilities. However, Snap has stiff competition in this space, primarily from Meta's (META) Ray-Ban Meta smart glasses, which are generally well-accepted by customers. At this juncture, should you consider buying Snap's stock? About Snap Stock Founded in 2010, California-based tech company Snap (SNAP) operates a social media platform that offers the visual messaging application Snapchat. In addition to visual communication, the company is also focused on areas such as augmented reality and camera technology. Snap has a market cap of around $14.3 billion. Once a soaring name on Wall Street, Snap's stock has fallen on hard times recently. It has declined 47% over the past 52 weeks and 23% year-to-date. Just for comparison, the broader S&P 500 Index ($SPX) has gained 11.5% and 2.7% over the same periods. Snap recorded a 52-week high of $17.33 back in July 2024. The stock is now 52% off its high. Despite the stock's recent selloff, Snap is not exactly a cheap buy. Its price sits at 30.21 times forward non-GAAP earnings, which is significantly stretched compared to the industry average of 13.85x. Snap's Q1 Results Surpassed Expectations On April 29, Snap published its first-quarter results, which failed to impress investors, and the stock experienced a sharp 12.4% selloff in the very next trading session. The company's revenue increased by 14% year-over-year to $1.36 billion. The reported figure slightly surpassed the $1.35 billion that Wall Street analysts had expected. At the heart of this double-digit revenue increase was Snap's increase in active users. For Q1, the company's daily active user (DAU) count went up by 9% from the prior year's period to 460 million. While DAUs dropped by 1% in North America and grew slowly by 3% in Europe, the rest of the world segment's DAU numbers grew by 16% year-over-year. Snap's average revenue per user (ARPU) increased by 5% from its year-ago value to $2.96. Snap's ARPU from the North American segment grew by 13%, followed by growth in the European market at 11%, and then the rest of the world at 4%. Based on the top-line and customer growth, Snap managed to gain back some lost ground. While the company still posted a quarterly net loss of $139.6 million, it was significantly lower than the $305.1 million net loss from the year-ago quarter. Its loss per share stood at $0.08, narrower than the $0.19 in Q1 2024 and better than the $0.13 that Wall Street analysts were expecting. Its adjusted EBITDA jumped by a staggering 137% year-over-year to $108.43 million, surpassing the estimated $64.77 million. Snap's Q1 results were not unimpressive. Its top line grew, customer count expanded, and bottom-line losses narrowed. Yet, the company's share prices took a hit because Snap was unable to provide an outlook for the second quarter. The company cited uncertainty due to the macroeconomic pressures as a reason for this. Snap did mention that it had faced headwinds at the start of the current quarter. Analysts do not have high expectations about Snap's future earnings, projecting its Q2 EPS to decline by 23.1% year-over-year to a negative $0.16. For the current year, Snap's loss per share is expected to come in at $0.39, indicating a worsening of 11.4% year-over-year. The situation is expected to improve in the next fiscal year, when the loss per share is projected to narrow by 28.2% to $0.28. What Do Analysts Expect for Snap Stock? Analysts have started to turn sour on Snap's stock. Last month, Loop Capital analyst Alan Gould lowered Snap's price target from $16 to $12, while still maintaining a 'Buy' rating on the stock. While Loop Capital did not reverse its verdict on the stock, the lowering of the price target reflects that analysts are taking a more conservative stance on the company's potential. Morgan Stanley is also pretty conservative about Snap's prospects. Analyst Brian Nowak lowered the price target from $8 to $6.50, while maintaining an 'Equal Weight' rating. Earlier, the investment firm had lowered its price target from $10 to $8 due to macroeconomic uncertainties affecting e-commerce and digital ad sectors. The latest price cut likely stemmed from the same set of reasons. Overall, Wall Street analysts are taking a conservative stance on Snap's stock, giving it a consensus 'Hold' rating. Based on 36 analysts' ratings, seven analysts have given the stock a 'Strong Buy' rating, one rated the stock as a 'Moderate Buy,' and one analyst rated it 'Strong Sell,' while a majority of 27 analysts are playing it safe with a 'Hold' rating. The consensus analyst price target of $9.72 indicates moderate potential upside of 14% from current levels. Key Takeaways Snap's AR push through the new eyeglasses is commendable. However, the launch is still too far away to be meaningful for shares here. Meanwhile, the company faces challenges from the current macroeconomic scenario, which has been marred by concerns about tariffs. Therefore, investors might consider putting off investing in Snap's stock for now.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store