Surf Air Mobility Shares Jump 26% On Ultra Short Aircraft Demonstration Success

(RTTNews) - Surf Air Mobility Inc. (SRFM) surged 23.87 percent to $5.19, up $1.00 on Wednesday, after Electra.aero, in partnership with the company and Virginia Tech, completed its first public demonstrations of Ultra Short aircraft capabilities.

The stock opened at $4.64 and traded between $4.54 and $5.54, with trading volume reaching 9.93 million shares, above the average of 8.31 million on the New York Stock Exchange. Surf Air Mobility's 52-week range is $0.90 to $9.91.

The tests showcased how blown lift and hybrid-electric propulsion can enable takeoffs and landings in 150 feet or less, potentially unlocking thousands of new routes ahead of the planned 2029 launch of Electra's flagship EL9 aircraft.