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Surf Air Mobility Inc.
5/14/2024
Thank you for standing by. At this time, I would like to welcome everyone to the Surf Air first quarter 2024 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. Once again, star one. And if you'd like to withdraw your question, simply press star one again. Thank you. I would now like to turn the call over to Taylor Giles to kick things off. Taylor, please go ahead.
Thank you, operator. Welcome to Surfer Mobility's first quarter 2024 earnings call. I'm joined today by Stan Little, Surfer's outgoing CEO, and Oliver Reeves, Surfer's CFO. Please note that we released our results this afternoon, which are available in filings with the SEC and on Surfer's investor page. at investors.surfair.com. Before we begin, I would like to remind everyone that we may, during this call, discuss our outlook and future performance. These forward-looking statements may be preceded by words such as we expect, we believe, we anticipate, or other similar such statements. These statements are subject to risks and uncertainties, and our actual results could differ materially from the views expressed today. Some of these risks have been set forth in our earnings release and our periodic reports filed with the SEC. During today's call, we will also present both GAAP and non-GAAP financial measures. Additional disclosures regarding non-GAAP measures, including a reconciliation of GAAP to non-GAAP measures, are included in the earnings release we issued earlier today, which has been posted on the investor relations page of Surf Air Mobility's website and in our filings with the SEC. With that, I'll turn the call over to Stan.
I'd like to begin by addressing the announcement today that I will be stepping aside as Surf Air Mobility's CEO this week. It has been the highlight of my career so far to build Southern Airways into America's largest commuter airline, and then to be invited to join Surf Air Mobility as CEO following our merger. While I will miss my day-to-day interaction with so many of our team members, I'm honored to assume the role of founder of Southern Airways, a vantage point from which I will continue to actively advise the company and bring my expertise to bear, especially in industry and government relations. I'm also pleased to announce that Surfer Mobility's board of directors has appointed Deanna White as chief operating officer and interim CEO. Deanna is a seasoned industry leader. She melds intimate knowledge of the company and its people an unparalleled depth of experience in the aviation industry, and a track record of success in the C-suite of multiple innovative companies across the air mobility sector. Deanna has been with the company since 2021 and has already made a valuable and long-lasting contribution as both CFO and Senior Advisor. Moreover, Deanna's previous experience in C-level positions at a large private jet company, Bombardier FlexJet, and an eVTOL company, Kitty Hawk, now Whisk Arrow, will continue to guide and inspire her as she brings about Surfer Mobility's next chapter that will herald a renewed focus on balancing growth and opportunity with profitability. I look forward to supporting Deanna as she takes on the mantle to reshape the industry and deliver on Surfer Mobility's massive potential. To the entire Surfer team, many of whom I've known for over a decade, I'd like to personally thank you for your continuous hard work, for being the heartbeat of this company, and for allowing me to go on this exciting journey with you. With that, I'll turn the call over to Oliver to provide more detail on our first quarter.
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