Filing Flows › Premier Air Charter Holdings (PREM) › Q1 2025
Premier Air Charter Holdings (PREM) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Premier Air Charter Holdings (PREM) reported revenue of $5.9M for the first quarter 2025 (Q1 2025), -0.2% from a year earlier and +8% from the quarter before. Operating margin was -14.6%, net loss $1.2M (20.8% of revenue).
Premier Air Charter Holdings, Q1 2025: revenue $5.9M (-0.2% year over year), operating margin -14.6%, net loss $1.2M, operating cash flow $995K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.9M | +8% | -0.2% |
| Operating profit | −$856K | — | — |
| Net earnings | −$1.2M | — | — |
| Operating cash flow | $995K | +7% | +178% |
| Free cash flow | $304K | -46% | -15% |
What changed
Revenue was $5.9M in Q1 2025, roughly flat year over year and up 8% from the previous quarter. Charter Sales was the largest line at 99% of revenue. Maintenance Revenues lost $591K year over year (down 91%), 4914% of the total change.
Gross margin was 2.5%, down 12.3 points from Q1 2024. Operating costs exceeded revenue by $856K, an operating margin of -14.6%. Operating expenses grew 8% against flat revenue. The fastest-growing cost line was SG&A (+46%). The quarter ended with a net loss of $1.2M, wider than the previous quarter's $31K loss.
Operating cash flow was $1.0M (up 178% year over year). Non-cash charges added back $264K of depreciation. Working capital and other items added $2.0M. Capital expenditures of $691K left free cash flow of $304K.
Questions
What was Premier Air Charter Holdings' revenue in the first quarter 2025?
Premier Air Charter Holdings (PREM) reported revenue of $5.9M for the first quarter 2025 (Q1 2025), -0.2% from a year earlier and +8% from the quarter before.
Was Premier Air Charter Holdings profitable in the first quarter 2025?
Operating loss was $856K (-14.6% of revenue) and net loss $1.2M.