Volato Plans To Enhance Operational Efficiency And Profitability; To Remove Five Leased Aircraft From Its Fleet
Portfolio Pulse from Benzinga Newsdesk
Volato is enhancing operational efficiency by removing five leased aircraft, saving $1.2 million per quarter. The company plans to receive 10-12 new aircraft in 2024, including HondaJets and Gulfstream G280s.
August 19, 2024 | 9:02 pm
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Volato's decision to remove five leased aircraft is expected to save $1.2 million per quarter, enhancing operational efficiency and profitability. The company plans to add 10-12 new aircraft in 2024.
The removal of less profitable leases will result in significant cost savings, positively impacting Volato's profitability. The planned addition of new aircraft suggests growth and expansion, likely boosting investor confidence.
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