Filing Flows › Premier Air Charter Holdings (PREM) › Q1 2026
Premier Air Charter Holdings (PREM) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Premier Air Charter Holdings (PREM) reported revenue of $7.2M for the first quarter 2026 (Q1 2026), +23% from a year earlier and -37% from the quarter before. Operating margin was -10.3%, net loss $1.2M (16.1% of revenue).
Premier Air Charter Holdings, Q1 2026: revenue $7.2M (+23% year over year), operating margin -10.3%, net loss $1.2M, operating cash flow $893K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.2M | -37% | +23% |
| Operating profit | −$740K | -258% | — |
| Net earnings | −$1.2M | -810% | — |
| Operating cash flow | $893K | +32% | -10% |
| Free cash flow | $526K | +215% | +73% |
What changed
Revenue was $7.2M in Q1 2026, up 23% year over year and down 37% from the previous quarter. Charter Sales was the largest line at 97% of revenue. Charter Sales added $1.2M year over year (up 20%), 88% of the total change.
Gross margin was 7.5%, up 5.0 points from Q1 2025. Operating costs exceeded revenue by $740K, an operating margin of -10.3%. Operating expenses grew 27% against revenue growth of 23%. The fastest-growing cost line was SG&A (+37%). The quarter ended with a net loss of $1.2M, after a profit of $163K the previous quarter.
Operating cash flow was $893K (down 10% year over year). Non-cash charges added back $576K of depreciation and amortization and $1K of share-based compensation. Working capital and other items added $1.5M. Capital expenditures of $367K left free cash flow of $526K.
Questions
What was Premier Air Charter Holdings' revenue in the first quarter 2026?
Premier Air Charter Holdings (PREM) reported revenue of $7.2M for the first quarter 2026 (Q1 2026), +23% from a year earlier and -37% from the quarter before.
Was Premier Air Charter Holdings profitable in the first quarter 2026?
Operating loss was $740K (-10.3% of revenue) and net loss $1.2M.