Summary by Moomoo AI
Volato Group has reported a significant increase in financial performance for the third quarter ended September 30, 2024. The company's total revenue soared to $40.3 million, marking a 1002% increase compared to the same period in the previous year, primarily due to a substantial rise in aircraft sales amounting to $38.2 million. Income from continuing operations turned positive, reaching $1.9 million, a notable improvement from the $1.8 million loss reported in the prior year. Adjusted EBITDA also reflected positive growth, with a $3.2 million gain compared to a negative $1.7 million in the previous year's quarter. Over the nine-month period, total revenue grew by 182% to $44.9 million, with aircraft sales contributing a $32.4 million increase. However, the company still reported a loss from continuing operations of $6.4 million, albeit...Show More
