Tom Klein's addition to Wheels Up's Board of Directors, with his vast experience in global aviation, travel, and hospitality, is expected to bolster the company's standing as a top global aviation solutions provider.
Wheels Up CEO, George Mattson, is confident that the new team will steer the company towards operational excellence and industry-leading performance. The company aims to be the best-run private aviation firm globally.
RECAP Investors Rethink Rate Cut Bets US equities ended Friday slightly higher, but gains weren't enough to keep major indices in the green in the first trading week of the year. The stock market ended their nine-week winning streak as investors rethink bets of aggressive interest rate cuts this year amid signs of continued strength in the labor market. The$标普500指数(.SPX.US)$rose 0.2% to close at 4,697.24 Friday, while the$纳斯达克综合指数(.IXIC.US)$rose less...
$Wheels Up Experience(UP.US)$Third Quarter 2023 Highlights •Revenue decreased $100 million year-over-year to $320 million •Adjusted Contribution increased $14 million year-over-year to $35 million •Net loss decreased slightly year-over-year to $145 million, and includes a $56 million non-cash goodwill impairment charge •Adjusted EBITDA improved $27 million year-over-year to a loss of $19 million
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Investors Rethink Rate Cut Bets
US equities ended Friday slightly higher, but gains weren't enough to keep major indices in the green in the first trading week of the year. The stock market ended their nine-week winning streak as investors rethink bets of aggressive interest rate cuts this year amid signs of continued strength in the labor market.
The $标普500指数(.SPX.US)$ rose 0.2% to close at 4,697.24 Friday, while the $纳斯达克综合指数(.IXIC.US)$ rose less...
•Revenue decreased $100 million year-over-year to $320 million
•Adjusted Contribution increased $14 million year-over-year to $35 million
•Net loss decreased slightly year-over-year to $145 million, and includes a $56 million non-cash goodwill impairment charge
•Adjusted EBITDA improved $27 million year-over-year to a loss of $19 million
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