Volato Group, Inc. reported positive net income of $0.5 million in Q1 2025, a significant improvement from a net loss in the prior year. The company also reduced its total liabilities by over $20 million, primarily through disciplined debt reduction and asset sales, and is actively working to extend its operating runway.

Volato reported a Q4 2023 total revenue of $31.5 million, driven by strong growth in aircraft usage revenue, which increased by 121%. However, the company experienced a net loss of $23.6 million, including a $13.4 million non-cash charge, and an adjusted EBITDA loss of $8.1 million.