Surf Air
we identified tier routes across the based on growth and profitability row sat eel | Surf Air
Company
Deck Type
Sector
Industry
Deck date
February 2025
Slide
16 of 19
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line of sight to streaming profitability beginning in full year reduction from and from prior year to put path to streaming profitability in context has incurred billion in streaming operating losses since in total has invested billion in streaming if you add the billion net the company has set a target of double digit margins for the business which implies approximately to billion of at that pace it seems like it could be decades before earns a good return on this billion investment reached profitability in reiterated intent to achieve or the timing to achieve them the company committed to a double digit target only after highlighted slow pace towards streaming profitability and encouraged profitability streaming business actually reached profitability two years in eight years after launch based on total reported streaming operating income less the streaming business allocated proportion of other operating expenses seventeen years after launch page achieved scale much than and had an opportunity to learn from experience that also translate to a path to meaningful ten years after launch page restore the | Trian Partners
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