How did Surf Air's revenue and expenses shift in Q4 2024?

Surf Air's revenue and expenses in Q4 2024 showed a notable shift, with a significant increase in revenue and a corresponding rise in net income. Here's a detailed analysis:

1. **Revenue Shift**:
- Surf Air's total revenue for the quarter was $90.74 million, with $69.46 million coming from the Scheduled segment and $28.69 million from the On-Demand segment. Additionally, there was $21.92 million from other sources.
- The Scheduled segment contributed the most to the revenue, indicating that it was the primary source of income for Surf Air during the quarter.
2. **Expense Management**:
- Despite the increase in revenue, Surf Air managed to maintain its net income at $1.27 million for the quarter.
- This suggests that Surf Air was efficient in managing its expenses, as the net income did not decrease despite the higher revenue.
3. **Financial Health Indicators**:
- The fact that Surf Air was able to increase its revenue and maintain its net income indicates a strong financial performance for the quarter.
- This is a positive sign for the company, as it suggests that Surf Air is not only growing its top line but is also managing its costs effectively to translate that growth into profit.

In conclusion, Surf Air experienced a positive revenue shift in Q4 2024, with significant income from both the Scheduled and On-Demand segments. The company's ability to manage expenses and maintain net income highlights its strong financial performance for the quarter.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|SRFM|SRFM.N|Surf Air|20240101-2024|On-Demand|2.869E7|169|
|SRFM|SRFM.N|Surf Air|20240101-2024|On-Demand|2.1915E7|169|
|SRFM|SRFM.N|Surf Air|20240101-2024|On-Demand|1.5767E7|169|
|SRFM|SRFM.N|Surf Air|20240101-2024|On-Demand|7645000|169|
|SRFM|SRFM.N|Surf Air|20240101-2024|Scheduled|2.2979E7|169|
|SRFM|SRFM.N|Surf Air|20240101-2024|On-Demand|7645000|169|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|SRFM|SRFM.N|Surf Air|2023 Q4|-365.9306523381748|-1.10994E8|169|
|SRFM|SRFM.N|Surf Air|2024 Q1|-79.67724687697468|-3.6965E7|169|
|SRFM|SRFM.N|Surf Air|2024 Q2|39.391284815813115|-2.6983E7|169|
|SRFM|SRFM.N|Surf Air|2024 Q3|83.61457732981276|-1.2225E7|169|