2025-06-13-Jefferies-沃拉托集团（SOAR）_商务航空峰会要点_Volato向交易_软件即服务及租赁策略转型_9页_121kb

Volato Group has undergone a significant transition from its initial role as the world's largest fractional operator of HondaJet aircraft to a diversified business focused on aircraft trading and aviation software, following its de-SPAC listing in December 2023. A key development is the Vaunt platform, a subscription-based service starting at $1,950 annually that aggregates empty-leg flights, enabling monetization of otherwise non-revenue seats and offering efficiencies. The company has also launched a new asset-light leasing strategy, targeting high-demand jets through dollar-based contributions and variable payments, which is expected to generate recurring revenue.

Financially, Volato anticipates Q2 2025 revenue of $24-26 million and net income of $2-3 million, indicating progress towards profitability, built on improvements from Q1 results. Despite challenges from macroeconomic uncertainty slowing customer decisions and reducing Q2 demand (now expected to be flat sequentially), opportunities arise from potential legislation supporting bonus depreciation, which could boost performance in the second half of the year. The company continues to manage liabilities and working capital, contributing to its operational shift and financial health.