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      JTAI Stock: What Took Jet.AI Higher In Extended Session?

      By Fahim Awan

      Published on

      October 11, 2023

      6:55 AM UTC

      Last Updated on

      October 12, 2023

      4:47 AM UTC

      JTAI Stock: What Took Jet.AI Higher In Extended Session?

      Jet.AI Inc. (NASDAQ: JTAI) shares are experiencing an upward surge in after-hours trading, marking a noteworthy 9.70% increase, with the stock price reaching $2.60. Earlier in the regular trading session, Jet.AI (JTAI) stock closed at $2.37, witnessing a decline of 3.27% in its market valuation. The notable upturn in JTAI stock came in the absence of any significant news.

      Jet.AI (JTAI) has recently introduced CharterGPT, an AI-driven charter booking app now available on Android, making booking private charters more accessible. The app employs natural language processing to facilitate communication between consumers and charter operators, effectively acting as a skilled broker. It not only understands natural language but also offers actionable recommendations, enhancing the user’s decision-making process.

      Jet.AI and its partner Cirrus Aviation operate aircraft on behalf of customers, upholding a high real-world standard. DynoFlight, another recent offering, is a cost-efficient solution for offsetting emissions from a variety of aircraft types. JTAI hosted a webinar to showcase the platform’s capabilities. DynoFlight introduces Carbon Dioxide Removal (CDR) credits, differing from traditional carbon credits by actively removing CO2 from the atmosphere and storing it through innovative methods.

      Glanris, through its patented Biocarbon biochar process, plays a pivotal role in this endeavor. This platform enables aviation businesses to directly fund the extraction of carbon dioxide, offering high-quality removal credits at a competitive rate of around $200 per ton. Unlike many carbon credits that focus on emissions reduction, CDR credits align with the Intergovernmental Panel on Climate Change’s goals for climate change mitigation.

      Operators can purchase these removal credits through Jet.AI’s online DynoFlight interface or programmatically via its API. JTAI’s CharterGPT and DynoFlight initiatives combine cutting-edge AI technology with a commitment to real-world environmental standards.

      CharterGPT simplifies charter bookings, and DynoFlight sets a new standard for carbon offsetting by focusing on CDR credits and facilitating the direct extraction of carbon dioxide from the atmosphere. These innovations showcase JTAI’s dedication to improving the aviation industry while addressing critical environmental concerns.

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