🟢 Surf Air Mobility is trading 6.3% up today after FAA SMART program agreement

Surf Air Mobility is trading 6.31% up at $1.18 after announcing a memorandum of agreement with the FAA to participate in its SMART program.

• The company will contribute operational data and expertise to help evaluate tools for managing U.S. airspace.
• MarketWatch reported shares climbed after the announcement, making it the clearest company-specific catalyst.
• Airlines are under pressure as oil prices rise, while major U.S. indexes are lower. This broader weakness does not explain Surf Air Mobility’s opposite-direction move as well as the FAA announcement.