Premier Air Charter Holdings Inc (PREM) reported its QQ3 2025 results with a continued negative bottom line and a severe liquidity position, despite a narrowing operating loss on a QoQ basis. The company posted an operating loss of $28,177 and a net loss of $31,065 for the quarter, with earnings per share of -0.0009. Revenue for QQ3 2025 was not disclosed in the provided data, limiting top-line insight. Cash and equivalents stood at just $76 at period-end, while total liabilities reached $260.8 million against tiny asset levels, yielding a negative reported equity of approximately -$260.7 million and an extremely low current ratio (0.000291). The quarter shows YoY operating income growth of 19.33% and QoQ growth of 22.06% on a negative base, while net income deteriorated YoY by 136.06% but improved QoQ by 20.65%. These figures point to an enterprise in distress, where liquidity risk and leverage dominate fundamentals. Management commentary on the QQ3 2025 call (if available) is not provided in the dataset; consequently, the forward guidance remains absent, and the outlook hinges on liquidity restoration, debt refinancing, and potential strategic repositioning. Investors should treat this as a high-risk, distressed position with a focus on balance sheet repair, cash burn reduction, and potential restructuring catalysts.