SRFM · Surf Air Mobility Inc.

Capital commitments reflect management’s confidence in Surf Air Mobility’s platform momentum, SurfOS ™ technology, and approximate 40% improvement in Adjusted EBITDA guidance. Share purchases by Co-Founders, Chairman of the Board, CEO, CFO, and other directors totaling approximately $5.3 million. Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”, or the “Company”), a leading air mobility platform, has reported that participating officers and directors, including one of the Company’s Co-Founders, Chairman of the Board, CEO, and CFO, have reported purchases of SRFM common stock in Form 4 filings with the Securities and Exchange Commission. Together with a Co-Founder’s lead investment, the Company’s insiders purchased a total of $5.3 million of the Company’s broader $30 million capital raise, which was announced on April 20, 2026 and included $15 million of non-dilutive, aircraft-backed credit, and $15 million of common equity. The capital commitments from Surf Air Mobility’s

Surf Air Mobility Inc. (NYSE: SRFM) (the “Company”), a leading regional air mobility platform, announced today the closing of its previously announced registered direct offering for the purchase and sale of 13,318,181 shares of common stock at a purchase price of $1.10 per share by certain institutional investors and the purchase and sale of 257,353 shares of common stock at a purchase price of $1.36 per share, the official New York Stock Exchange closing price for the common stock on April 17, 2026, by certain directors and officers of the Company (collectively, the “Offering”). The gross proceeds to the Company from the offering were approximately $15 million, before deducting financial advisor's fees and other offering expenses payable by the Company. The Company currently intends to use the net proceeds from the Offering to accelerate the implementation of our SurfOS software and electrification initiatives and/or the repayment of existing liabilities. A.G.P./Alliance Global

Surf Air Mobility Inc. (NYSE: SRFM): Fellow Shareholders, As we execute the 2026 plan, we are taking this moment to update you on what is working, what is not, and what we are doing about both. Convergence of AI-enabled software and electric aircraft will reshape the future of aviation. We are building the platform at the center of this transformation. SurfOS, the AI-enabled operating system we are building with Palantir, is the digital infrastructure of our platform. Two airlines, a growing charter business, and our electrification partnership with BETA Technologies are the proof points, and 2026 is the year our use of the platform starts showing up in the numbers. Improving 2026 Adjusted EBITDA Loss Guidance by Approximately 40% We have revised our 2026 guidance for Adjusted EBITDA loss to $30 to $25 million, an approximate 40% improvement from the prior Adjusted EBITDA loss of $50 to $40 million. Revenue guidance is unchanged at $128-$138 million, a 20-30% growth over 2025. Our

Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”, or the “Company”), a leading air mobility platform, announced today that it has entered into a securities purchase agreement with certain institutional investors, and led by Surf Air Mobility’s Co-Founder, for the purchase and sale of 13,318,181 shares of common stock at a purchase price of $1.10 per share in a registered direct offering. In addition, certain directors and officers of the Company have separately agreed to purchase 257,353 shares of common stock in the offering at a purchase price of $1.36 per share, the official New York Stock Exchange closing price for the common stock on April 17, 2026 (collectively, the “Offering”). The Offering is expected to close on or about April 21, 2026, subject to the satisfaction of customary closing conditions. The gross proceeds to the Company from the Offering are expected to be approximately $15 million, before deducting financial advisor's fees and other Offering expenses

Surf Air Mobility Inc. (NYSE: SRFM) ("Surf Air Mobility" or the "Company"), a leading air mobility platform, today announced revised 2026 guidance for Adjusted EBITDA loss of $30 to $25 million, an approximate 40% improvement from the prior Adjusted EBITDA loss of $50 to $40 million. This improvement reflects the impact of the Company's proprietary SurfOS TM software across its operations and the reduced cost and speed of its deployment. The Company reaffirmed its 2026 revenue guidance of $128 to $138 million, a 20% to 30% year-over-year increase. The improvements to Surf Air Mobility’s 2026 Adjusted EBITDA guidance are driven by four factors: SurfOS digitalizing core airline and charter workflows, reducing costs by 6% and 15%, respectively Corporate automation and procurement discipline, 32% reduction in staffing need, 17% in professional services Increased profitable charter revenue through the capital-efficient Powered by Surf On Demand program Reduced SurfOS development costs and

Southern Airways Express is one of only nine Part 135 commuter operators to have confirmed an operational SMS, completing implementation a year ahead of the FAA’s May 2027 mandate. Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility” or the “Company”), a leading air mobility platform, today announced that the Company’s airline operations, through its Southern Airways Express operating certificate, have submitted a declaration of 14CFR Part 5 compliance signifying the completion of the Company’s Safety Management System (“SMS”) implementation. This milestone represents a major achievement for the Company’s Part 135 commuter operations, underscoring the Company's long-standing commitment to operating at the highest standards of safety. Southern Airways Express is one of only nine Part 135 commuter operators to have confirmed an operational SMS, completing implementation a year ahead of the FAA’s May 2027 mandate. An SMS is a formal, organization-wide approach to managing safety and