Wheels Up Experience Inc. (UP) Q1 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Wheels Up first quarter 2024 webcast. It is my pleasure to introduce Keith Ferguson with Wheels Up. Keith, you may proceed. Thank you. This morning we announced our first quarter results. The earnings release with its supporting tables as well as a copy of today's presentation can be found on our investor relations website at wheelsup.com slash investors. Please refer to the slide with our disclaimer. Today's presentation takes forward-looking statements based on our current forecasts and expectations of future events. These statements should be considered estimates only and actual results may differ materially. During today's webcast, we will refer to non-GAAP financial measures as outlined by SEC guidelines. Unless otherwise noted, all income statement related financial measures will be non-GAAP other than revenue. Reconciliations of GAAP to non-GAAP financial measures and definitions of non-GAAP financial measures are found within the financial tables of our earnings release and appendix of today's presentation. With that, I'd like to turn it over to REELS UP's Chief Executive Officer, George Madsen. Thank you, Keith, and thanks to all of you for joining us today. Over the course of the last year, REELS UP has taken significant steps towards delivering on our commitment to lead the industry in operational excellence, while driving efficiency, profitability, and durability across our business model. Last year, we made the decision to publicly disclose details on our operational performance in an effort to provide transparency on our journey to being the best run private aviation company globally. I'm pleased to report that we've seen continued operational momentum as we enter into what are seasonally strong periods of demand. In the first quarter, Bo...