Story ID: 
Volato Exceeds 2022 Earnings Expectations
By: Curt Epstein
Caption: Light jet operator Volato achieved more than $100 million in sales in its first full year of operation.
Word Count: 171
Fractional HondaJet provider Volato achieved more than $103 million in sales in 2022, its first full year of operations, exceeding its goal of $100 million. The company, which launched in 2021, also increased its workforce from 22 to 176 employees.
Atlanta-based Volato operates 17 HondaJets and ordered an additional 25 at the end of last year. In September, it announced it would move up to larger aircraft with an order for four super-midsize Gulfstream G280s, the first of which it expects to receive early next year.
The company credits its success to its fractional program, which offers revenue sharing; jet-card offerings; aircraft management division; and newly launched charter programs.
“We are pleased to share these results, which reflect the strong, positive reception our programs and solutions have received in the market,” said Volato CEO and co-founder Matt Liotta. “We look forward to continued growth, driven by fleet growth and utilization, increased market awareness, and the continued rollout of an exciting roadmap.”