JTAINasdaqAir Transportation, NonscheduledUS GAAP · USD

Jet.AI Inc.

Jet.AI Inc. is a U.S.-based private aviation company that combines charter brokerage, aircraft sales and ownership programs, and aircraft management services with a small SaaS layer built around booking and emissions tools. The business was founded in 2018 and operates through a mix of owned, leased, managed, and third-party aircraft, while also selling AI-enabled software such as CharterGPT, Ava, Reroute AI, and DynoFlight.

Kysy yhtiöstä
Liikevaihto9,2milj. USD
−34,6 %v/v
Liikevoitto (EBIT)−10,1milj. USD
+19,9 %v/v
EBIT-marginaali−109,7%
−20,1 %-yks.v/v
Nettotulos4,6milj. USD
+136,0 %v/v
Vapaa kassavirta−8,2milj. USD
+0,0 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2021–2025

−20−100102030milj. USD2021: EBIT −0,09 milj. USD20212022: 22 milj. USD2022: EBIT −7,7 milj. USD20222023: 12 milj. USD2023: EBIT −13 milj. USD20232024: 14 milj. USD2024: EBIT −13 milj. USD20242025: 9,2 milj. USD2025: EBIT −10 milj. USD20259,2−10
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Private aviation programs55 %

Fractional ownership, jet cards, and charter access programs sold to private aviation customers.

Charter and aircraft operations25 %

Direct charter flights, managed-aircraft operations, and third-party carrier arrangements.

Aircraft sales and brokerage10 %

Sale of whole aircraft interests and brokerage activity in the private aviation market.

Aircraft management services5 %

Monthly management and hourly operation services for customer-owned aircraft.

Aviation SaaS5 %

Software tools for booking optimization and emissions/carbon-removal workflows.

Tuotteet

Raportoitu · osuus liikevaihdosta
52,4%36,2%11,5%FY2025100 %
  • Software App and Cirrcus Charter52,4 %
  • Management and Other Services36,2 %
  • Jet Card and Fractional Programs11,5 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Jet.AI sells to private aviation consumers and aircraft owners who want flexible access to private flying without owning a full fleet. It also serves aircraft owners and operators that use its management, booking, and emissions software, plus customers booking ad hoc charter through its apps and managed aircraft network. Cirrus is a notable operating partner for direct chartering of the HondaJet Elite aircraft.

Jet card and charter customers

Buy prepaid flight hours or ad hoc private charter for flexible private travel without aircraft ownership.

Fractional ownership clients

Purchase aircraft interests to secure guaranteed access and usage hours with lower commitment than full ownership.

Aircraft owners

Use management and hourly operation services to outsource fleet operations and maintenance coordination.

Aircraft operators

Use SaaS tools like Reroute AI and DynoFlight to improve booking conversion and emissions workflows.

Brokerage and direct charter partners

Partners such as Cirrus help market and operate aircraft to generate charter revenue and utilization.

Strategia

Jet.AI is trying to grow by combining its aviation platform with AI-enabled booking and utilization tools that increase aircraft monetization. Management also wants to expand revenue through aircraft acquisitions, higher jet card pricing, more charter activity, and SaaS adoption, while preserving liquidity through financing and cost control. The strategy depends on converting software and booking tools into more flight volume and better aircraft utilization.

Expand AI-enabled charter booking volumeLyhyt aikaväli

More app-driven bookings should improve aircraft utilization and support higher-margin revenue.

Grow SaaS monetizationKeskipitkä aikaväli

Software revenue can diversify the business away from pure flight economics.

Strengthen liquidity and funding accessLyhyt aikaväli

The company expects continued operating losses and needs capital to execute its plan.

Improve fleet economicsKeskipitkä aikaväli

Aircraft acquisitions and better pricing can lift revenue per flight hour and operating leverage.

Maantiede

Jet.AI is headquartered in the United States and its business is primarily tied to U.S. private aviation demand, aircraft operations, and regulatory oversight. The company’s filings do not disclose a country-by-country revenue split in the excerpts provided, so the geographic profile is best understood as U.S.-centric with some third-party carrier and customer exposure that may extend beyond a single market. Geography matters mainly through aircraft availability, operating partner coverage, and U.S. aviation and tax rules that affect charter economics.

Riskit

Jet.AI remains a loss-making company with limited operating history, so execution and financing risk are central to the investment case. Its model also depends on aircraft utilization, third-party operators, and customer prepayments, which can create volatility in revenue timing and operating margins. The company has disclosed a specific SPAC-related investment risk, and broader private aviation risks include demand cyclicality, regulatory exposure, and capital intensity.

Järjestetty vakavuuden mukaan
Going-concern and liquidity riskKorkea

The company has a history of operating losses and negative cash flow and needs external capital to fund growth.

KohdistuuMay force reduced marketingSoftware developmentOr fleet expansion if financing is unavailable
Aircraft utilization and demand volatilityKorkea

Charter, jet card, and managed-aircraft economics depend on flight hours and customer demand.

Kohdistuu: Lower utilization reduces revenue and can leave fixed aircraft costs under-absorbed.

SPAC sponsor investment lossKorkea

Jet.AI owns a significant interest in the sponsor of AII Acquisition and could lose that investment if no business combination closes.

Kohdistuu: Potential loss of approximately $2.7 million capital contribution and related value.

Third-party operator dependenceKeskitaso

The company uses certificated independent air carriers and other partners to fulfill part of its flights.

Kohdistuu: Operational disruptions or partner failures can affect service delivery and customer retention.

Regulatory and tax exposure in aviationKeskitaso

Private aviation is sensitive to FAA, safety, and excise-tax requirements.

Kohdistuu: Compliance costs and operating restrictions can affect charter economics.

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition for jet cards and fractional programs

Revenue is recognized when flight hours are used or when unused hours expire, which can create timing swings.

Vaikutus: Deferred revenue and quarterly revenue comparability

Principal versus agent assessment

The company records some charter revenue gross and some owner-charter revenue net based on control and responsibility.

Vaikutus: Reported revenue and cost of revenue can vary materially by arrangement

Deferred revenue from software and management prepayments

Customer prepayments for app transactions and services are recognized later as obligations are satisfied.

Vaikutus: Contract liabilities and future revenue visibility

Aircraft inventory valuation

Aircraft acquired for resale are carried at lower of cost or net realizable value.

Vaikutus: Potential write-downs if market values weaken

Fair value estimates for equity awards and financing instruments

Management notes significant judgment in option and preferred-stock related estimates.

Vaikutus: Non-cash expense and balance-sheet valuation sensitivity

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Volato Group, Inc.

SOARW · Air Transportation, Nonscheduled

Airship AI Holdings, Inc.

AISPW · Services-Prepackaged Software

Joby Aviation, Inc.

JOBY · Aircraft

Merlin, Inc.

MRLN · Services-Computer Integrated Systems Design

AI Technology Group Inc.

Motors & Generators

Artificial Intelligence Technology Solutions Inc.

AITX · Services-Prepackaged Software

Päivitetty: 24.9.2026