Jet.AI Q3 revenue falls 56%, operating loss narrows

Reuters

Nov 15

Jet.AI Q3 revenue falls 56%, operating loss narrows

Overview

Jet.AI Q3 revenue declines to $1.7 mln from $3.9 mln last year
Company reports operating loss of $2 mln, an improvement from $2.9 mln last year
Jet.AI progresses on Canadian Hyperscale Data Center Project, completing second milestone

Outlook

Jet.AI prioritizes completing third milestone of Canadian data center project
Company aims to close flyExclusive merger by year-end
Discussions with natural gas supplier ongoing for Canadian data center project

Result Drivers

REVENUE DECLINE - Revenue decreased due to reduction in Cirrus Charter and Jet Card revenue due to planned sale of fractional and jet card business to flyExclusive
OPERATING LOSS - Narrowed due to general and administrative expenses falling to $1.41 mln from $2.75 mln last year

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue	Miss	$1.71 mln	$2.10 mln (1 Analyst)
Q3 Operating Expenses		$1.75 mln
Q3 Operating Income		-$2.04 mln

Analyst Coverage

The one available analyst rating on the shares is "buy"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Jet.AI Inc is $11.00, about 82% above its November 13 closing price of $1.98

Press Release: ID:nGNX6y4Sjj

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2583682573"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2583682573\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2583682573?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-15 05:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2583682573","market":"nz","top_or_hot":-1,"title":"Jet.AI Q3 revenue falls 56%, operating loss narrows","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Jet.AI Q3 revenue falls 56%, operating loss narrows</title></head><body><p><span>Overview</span></p><ul><li><p>Jet.AI Q3 revenue declines to $1.7 mln from $3.9 mln last year</p></li><li><p>Company reports operating loss of $2 mln, an improvement from $2.9 mln last year</p></li><li><p>Jet.AI progresses on Canadian <a href=\"https://laohu8.com/S/GPUS\">Hyperscale Data</a> Center Project, completing second milestone</p></li></ul><p><span>Outlook</span></p><ul><li><p>Jet.AI prioritizes completing third milestone of Canadian data center project</p></li><li><p>Company aims to close flyExclusive merger by year-end</p></li><li><p>Discussions with natural gas supplier ongoing for Canadian data center project</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>REVENUE DECLINE - Revenue decreased due to reduction in Cirrus Charter and Jet Card revenue due to planned sale of fractional and jet card business to flyExclusive</p></li><li><p>OPERATING LOSS - Narrowed due to general and administrative expenses falling to $1.41 mln from $2.75 mln last year</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q3 Revenue</p></td><td><p>Miss</p></td><td><p>$1.71 mln</p></td><td><p>$2.10 mln (1 Analyst)</p></td></tr><tr><td><p>Q3 Operating Expenses</p></td><td></td><td><p>$1.75 mln</p></td><td></td></tr><tr><td><p>Q3 Operating Income</p></td><td></td><td><p>-$2.04 mln</p></td><td></td></tr></tbody></table><p><span>Analyst Coverage</span></p><ul><li><p>The one available analyst rating on the shares is \"buy\"</p></li><li><p>The average consensus recommendation for the software peer group is \"buy\"</p></li><li><p>Wall Street's median 12-month price target for Jet.AI Inc is $11.00, about 82% above its November 13 closing price of $1.98</p></li></ul><p>Press Release: <span>ID:nGNX6y4Sjj</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Jet.AI Q3 revenue falls 56%, operating loss narrows</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4008","symbol_name":"航空公司","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251114:nL1N3WQ151:1","article_id":"2583682573","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2583682573","pubTimestamp":1763156539,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Jet.AI Q3 revenue falls 56%, operating loss narrowsOverviewJet.AI Q3 revenue declines to $1.7 mln from $3.9 mln last yearCompany reports operating loss of $2 mln, an improvement from $2.9 mln last yea","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4008":"航空公司","JTAI":"Jet.AI Inc.","FLYX":"FLYEXCLUSIVE INC"},"translate_title":"Jet.AI第三季度营收下降56%，运营亏损收窄","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FLYX":0.9,"JTAI":0.9},"content_text":"Jet.AI Q3 revenue falls 56%, operating loss narrowsOverviewJet.AI Q3 revenue declines to $1.7 mln from $3.9 mln last yearCompany reports operating loss of $2 mln, an improvement from $2.9 mln last yearJet.AI progresses on Canadian Hyperscale Data Center Project, completing second milestoneOutlookJet.AI prioritizes completing third milestone of Canadian data center projectCompany aims to close flyExclusive merger by year-endDiscussions with natural gas supplier ongoing for Canadian data center projectResult DriversREVENUE DECLINE - Revenue decreased due to reduction in Cirrus Charter and Jet Card revenue due to planned sale of fractional and jet card business to flyExclusiveOPERATING LOSS - Narrowed due to general and administrative expenses falling to $1.41 mln from $2.75 mln last yearKey DetailsMetricBeat/MissActualConsensus EstimateQ3 RevenueMiss$1.71 mln$2.10 mln (1 Analyst)Q3 Operating Expenses$1.75 mlnQ3 Operating Income-$2.04 mlnAnalyst CoverageThe one available analyst rating on the shares is \"buy\"The average consensus recommendation for the software peer group is \"buy\"Wall Street's median 12-month price target for Jet.AI Inc is $11.00, about 82% above its November 13 closing price of $1.98Press Release: ID:nGNX6y4SjjFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}