Vaunt Marks First Cash-Positive Month, With Rapid Growth Highlighting Success in Tackling Empty-leg Flights
Volato Group, Inc. Class A (SOAR)
Company Research
Source: Business Wire
- Launched in Q4 2023, Vaunt has reached $500K in annual recurring revenue, and 25,000+ registered users ATLANTA--(BUSINESS WIRE)--Vaunt, a platform for connecting travelers to private flights, powered by Volato (NYSE American: SOAR), a leading private aviation company and the largest HondaJet operator in the United States, today announced it achieved its first cash-positive month in March, and has reached $500,000 in annual recurring revenue. This success highlights Vaunt's progress in addressing the longstanding issue of empty-leg flights, where 30% or more of private flights industrywide are repositioning flights with no passengers."The consumer enthusiasm and rapid growth we're experiencing with Vaunt validates our belief that we can use technology to make private aviation more accessible. This represents an opportunity to transform the industry. Our proprietary platform reduces inefficient empty-leg flights, lowering wastage while making private flights a reality for a wider
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