Published on 10 May 2024 on GuruFocus.com via Yahoo Finance
Wheels Up Experience Inc (UP) Q1 2024 Earnings Analysis: Challenges and Strategic Adjustments ...
Revenue: $197.1M, down 44% year-over-year, primarily due to exiting aircraft management and sales businesses.Net Loss: Improved slightly to $97.4M from $100.9M year-over-year.Adjusted EBITDA: Remained relatively flat at a loss of $49.2M.Active Members: Decreased by 25% year-over-year to 9,155.Live Flight Legs: Decreased by 24% year-over-year to 11,754.Total Private Jet Flight Transaction Value: Down 26% year-over-year to $191.8M.On-Time Performance (D-60): Improved slightly to 87% from 86% year-over-year.
Warning! GuruFocus has detected 6 Warning Signs with UP.