you Thank joined our you, who everyone thank Sam, call and has to today.
a to $XX firm. a Partners, with moments for closing of our Before the and we few loan get week.
This million multibillion-dollar into the adjusted to investment the morning, term agreement third of quarter both this revenue expectations take announced I details which exceeded major of a management Comvest results, we our EBITDA, development want discuss
plans.
The addressed that balance But takeaway us the cover in constraints. combination to our our this are of financing CFO, and strengthen work transformation reduce financing execute is we a and has doing is few Mobility liquidity Reeves, sheet the the moments. liabilities Our Air our has to to enabled capitalized of this against Oliver particulars clear near-term Surf will
As pace move can forward a plan. transformation we at result, now with our
investor we we on the X-phase in morning, posted referenced transformation website this our a As presentation plan. have
The place Southern improve our first in working our synergies balance been phase, capital from and management sheet, external has Board structure, May, our recruit the realize closely for complete, put I right have talent to our now which leaders strengthen the merger.
Since with promote organization. been and to is
Southern, opportunities bolstered organization.
In in already We ranks are difference efficiencies with with to operational of big of making have redundant our strong the our leaders our decades airline operations, eliminate streamline realized experience we a have merger with drive wake successfully our who costs. and
with aviation against last KPIs As new operational systems standards. to are workflows, financial coupled I mentioned accurately implementing quarter, real-time and measure we and performance
and deferred As completion solidified profitability. rates with sheet resolve we optimize which footprint, are now balance And funding, exiting will will and a aircraft improve maintenance, we routes. our unprofitable we adequate availability, flight
We plan clear of clear have path optimization. transformation of is X in a strategy us.
Phase a our and front
coming year, aircraft. and and operations of the important focus be bottom X our maximize The to our our step line. optimization most We're the is resources, first efficiency profitability. improving phase the our utilization focused improve will people on airline to on productivity of In in
to make redesigning utilize are how and and we operate rethinking We how happen. we technology that
finance As flow and cash expected we increase, profitable profitability is will exit unprofitable and routes, and decrease growth. to revenue fuel us helping
XXXX deliveries we the expansion immediately Aviation, doing over time. to to routes, timing have of continue adjust deploy. and month, new By purchases route of X timing taken will which reallocation optimization As we the our other can existing in allowing and aircraft and we our Textron operations, new of aircraft to match airline exit from routes of the the so, we phase will of XXXX.
This part unprofitable
early to ability aircraft deliveries aircraft capital to our leverage more fleet future XXXX, shifted efficient. in to have redeployed given be existing our We
The of is recalibration the optimization on-demand business. our of our phase second step
expanding are revenue our leveraging and These the pursuing higher-margin SurfOS efforts category, software will the share in agreements, in drive partnerships business We platform. with time. jet profitability the market international and securing on-demand volume purchase inventory both over
revenue The all-in-one third efficiencies business service. operations, few our with operating optimization airline to operations of our efficiently step distribution, category-defining SurfOS charter more reporting depth tools, our a software the spoke phase demand from call drive about customers.
Recall and operating in deploy airline operators and their include we and internally build across then system agreement from financial quarter, is run businesses. management, an intelligence, to platform, flight first enabling suite new last to of customer a and using will our Palantir with launch and Components and
great are we in the and of We making our already development components strides platform, the using and operations are commercial teams. in
us XXXX. an solution. opportunity regional of revenue U.S. generate the up airline As for today $XX estimated also it to paying leverage scheduled enormous operators the fully by the to to what become Once This departures, and us, software from is Part between the other test customers we open billion ourselves develop, to are $XXX in future. building fly our charters air McKinsey in XXX segment operators. largest to which can this will represents is and we by commuter billion uniquely by Air are for The completed, be deploy positioned mobility to Surf
beyond we expansion acceleration we XXXX, As look have phases. and
adoption routes, accelerate technologies. aviation third-party Tier electrification to operators air new platform introduce enable will of further technologies. and launch deploy us We new SurfOS new our this additional will to leverage Ultimately, to broadly the X mobility
in a the Let should we to us me accomplishments third expect the key of the fourth quarter achieve and highlight moment achieved during to you what few a quarter. take
air Cessna synergies million revenue Southern with fourth plan quarter, mobility software advanced adjusted the $XX to continue entered During we our platform. guidance agreement taken aircraft power profitability, venture, the our Grand X an to Caravan operating to Aviation raised system the with to in and Technologies and and our Air Textron our progress to form Airways industry, third Surf fund realized expanding LLC, SurfOS our exceeded new we deliveries quarter, have, for both a announced EBITDA; our financing Palantir have for new and and on significant our order XXX we plan make first transformation path of the merger.
In from
have Let discuss. me what now summarize heard you me
Air here inflection are today We at a point Surf for key Mobility.
near-term We have sheet, our strengthened improved structure address our constraints. capital our balance and liquidity
synergies We strides Southern the from merger. Airways in have made our great realizing
and efficiencies and Textron Aviation will will we the deployed relationship operations We to internally to future. operators our exclusive have well to poised and technology technologies.
Surfer with the accelerate electrification to the and third-party years. adoption the value other And months as new further partners deploy shareholder SurfOS develop in available coming and coming as drive software both offer the third-party deliver in improve broadly of is leverage now
on invite and that, incredibly you us.
With detail. to this turn excited me embark little a our Oliver? Oliver results journey join are in third to to and the now the let over discuss quarter financing more call we We to
