7 unchanged sentences
We do not purchase or hold any derivative instruments to protect against the effects of changes in interest rates.
−Removed: Aircraft Fuel
−Removed: We are subject to market risk associated with changes in the price and availability of aircraft fuel.
−Removed: Aircraft fuel expense for the year ended December 31, 2023 represented 13.5% of our total cost of revenue.
−Removed: Aircraft fuel expense for the year ended months December 31, 2023 represented 6.5% of our total cost of revenue.
−Removed: Based on our second quarter 2023 fuel consumption, a hypothetical 10.0% increase in the average price per gallon of aircraft fuel would have increased fuel expense by approximately $0.7 million and $0.6 million for the year ended December 31, 2023 and year ended December 31, 2022, respectively.
−Removed: We do not purchase or hold any derivative instruments to protect against the effects of changes in fuel.
−Removed: See “ Risk Factors — Risks Relating to Volato’s Business and Industry - Significant increases in fuel costs could have a material adverse effect on our business, financial condition and results of operations.
−Removed: ” for additional information.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.