Why did Volato Group's operating profit plummet in Q4 2024?

Volato Group's operating profit did not plummet in Q4 2024. In fact, the company remained on track to deliver positive net income for the quarter, as indicated by previous reports. The recent resolution of non-compliance issues with the NYSE American rules may have had some impact on the company's operations, but there is no indication that it led to a decrease in operating profit. Instead, the focus should be on the strategic initiatives that the company has been implementing to improve its financial performance, which are expected to contribute to the positive net income in Q4 2024.