Jet.AI Inc. (JTAI)
Jet.AI Inc. operates in the Software - Application industry of the Technology sector, headquartered in Las Vegas, NV, US. The stock last traded at $1.80, down 1.64% on the session, giving a market capitalisation of $1.2M. On trailing twelve-month figures it carries a trailing P/E of 0.02, a net margin of 68.8%. Its beta of -0.38 implies it has historically moved less than the broad market.
Jet.AI Inc. focuses on developing and managing technological platforms for the private aviation industry. The company offers CharterGPT, an advanced booking system that identifies potential clients and generates quotes for private jet travel. This platform organizes flights utilizing both Jet.AI's own aircraft and those from affiliated third-party carriers. Additionally, Jet.AI provides the Flight Club API, a specialized aviation software. This tool empowers operators regulated under FAA Part 135 to concurrently operate under FAA Part 380, which permits the sale of individual seats on private jets, a departure from the traditional whole-aircraft booking model. Another innovation is the Reroute software, designed to optimize aircraft utilization. It identifies planes awaiting their return to base and converts these repositioning flights into new charter opportunities for destinations within a certain range. Beyond its software products, Jet.AI is also engaged in direct aircraft chartering, management, and brokerage services. Founded in 2018, Jet.AI Inc. is headquartered in Las Vegas, Nevada.
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