Volato Reports Operational KPIs for the First Quarter 2024

Volato Group, Inc. (“Volato,” or the “Company”) (NYSE American: SOAR), a leading private aviation company and the largest HondaJet operator in the United States, today announced key performance indicators (KPIs) for the first quarter 2024.

Mark Heinen, Volato’s Chief Financial Officer, commented, “We continue to focus on growing our flight hours and optimizing our demand mix to achieve a higher blended yield and lower empty percentage, all while maintaining a world-class Net Promoter Score. We are pleased the blended yield remained strong despite the impact of winter weather and fewer peak calendar days in Q1. These continued positive results illustrate our commitment to delivering an unparalleled flying experience to customers as well as improvements on our operational goals.”

	Q2 2022	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024
Total Flight Hours	1,199	1,307	1,712	2,103	2,919	2,747	3,504	2,926
Empty Percentage	41.1%	40.2%	39.0%	41.2%	39.6%	36.6%	37.9%	35.1%
Demand Mix:
Owner	88%	80%	67%	55%	45%	55%