Surf Air Mobility Inc. ( SRFM ) shares are down on Thursday. The company disclosed a strategic partnership with BETA Technologies ( BETA ) to launch commercial electric aviation services.

The partnership aims to establish Surf Air as the launch operator for BETA's passenger aircraft.

Deal Attributes

Surf Air Mobility ( SRFM ) has placed a firm order for 25 all-electric ALIA CTOL aircraft from BETA Technologies ( BETA ). The company has an option for an additional 75.

The deal will initially focus on cargo services in Hawaii, where the operational rollout is expected to leverage existing airport infrastructure.

The agreement also includes plans for Surf Air to develop factory-authorized service centers for BETA aircraft.

Moreover, the companies also intend to work together to deploy BETA's charging and ground support equipment at agreed-upon sites to support Surf Air Mobility's ( SRFM ) fleet operations.

The company expects it to boost operational support for various mission profiles, including passenger and cargo services.

Executive Commentary

Deanna White, CEO of Surf Air Mobility ( SRFM ), added, "BETA's aircraft are being designed for commercial operations, with the performance, operating cost, and reliability we believe can be utilized across our scheduled passenger, on-demand, and cargo services."

"Our Aircraft Purchase Agreement grants us the ability to benefit from BETA's unique product strategy, starting with the ALIA CTOL variant perfect for missions using existing regional airports, and ending with the introduction of a VTOL variant. Our goal is to lead the commercial rollout of electric aviation, including flying the first paying passenger on a next-generation electric aircraft."

Technical Analysis

Surf Air Mobility ( SRFM ) is currently trading 1.0% below its 20-day simple moving average (SMA) and 13.2% below its 50-day SMA, indicating a bearish trend. Over the past 12 months, the stock has decreased by 47.86%, and it is currently positioned closer to its 52-week lows than highs.

The RSI is at 49.47, which is considered neutral territory, suggesting that the stock is neither overbought nor oversold. Meanwhile, the MACD shows a value of -0.0783, with the signal line at -0.0912, indicating a bullish crossover as the MACD is above the signal line.

The combination of neutral RSI and bullish MACD suggests mixed momentum, indicating that while there may be some positive signals, the overall trend remains uncertain.

Key Resistance: $2.00

Key Support: $1.77

Earnings & Analyst Outlook

Surf Air is slated to provide its next financial update on May 12, 2026 (estimated).

EPS Estimate: Loss of 28 cents (up from a loss of $1.09)

Revenue Estimate: $27.66 million (up from $23.51 million)

Analyst Consensus & Recent Actions: The stock carries a Hold rating with an average price target of $5.21. Recent analyst moves include:

Canaccord Genuity: Hold (Lowers Target to $3.50) (Nov. 14, 2025)

SRFM Stock Price Activity: urf Air Mobility shares were down 0.76% at $1.96 at the time of publication on Thursday. The stock is trading near its 52-week low of $1.77, according to Benzinga Pro data