Earnings Call Summary | Wheels Up Experience(UP.US) Q4 2023 Earnings Conference
Earnings Call Summary | Wheels Up Experience(UP.US) Q4 2023 Earnings Conference
The following is a summary of the Wheels Up Experience Inc. (UP) Q4 2023 Earnings Call Transcript:
以下是Wheels Up Experience Inc.（UP）2023年第四季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Wheels Up reported a Q4 revenue of $246 million, a decrease mainly due to lower aircraft sales revenue and divesting its aircraft management business.
The Quarter's adjusted EBITDA loss was $38.1 million, showing an improvement from the previous year yet a decline sequentially.
GAAP net loss stood at $81.1 million which was an improvement from prior year primarily due to no goodwill impairment charges in the current year.
End of year cash balance reported to be $264 million, an increase from the previous quarter.
The company's strategic investments, particularly from Delta, brought an additional $490 million into the company.
It ended the year with a solid cash balance of $260 million and a $100 million undrawn revolver from Delta.
Wheels Up報告第四季度收入爲2.46億美元，下降的主要原因是飛機銷售收入減少和剝離其飛機管理業務。
本季度調整後的息稅折舊攤銷前利潤虧損爲3,810萬美元，與去年相比有所改善，但環比下降。
GAAP淨虧損爲8,110萬美元，比上年有所改善，這主要是由於本年度沒有商譽減值費用。
據報道，年終現金餘額爲2.64億美元，比上一季度有所增加。
該公司的戰略投資，特別是來自達美的投資，爲公司帶來了額外的4.9億美元。
年底，該公司擁有2.6億美元的穩健現金餘額和來自達美航空的1億美元未提取的左輪手槍。
Business Progress:
業務進展：
Wheels Up has expanded its global reach and charter business capabilities through the acquisition of Air Partner.
The company is concentrating on optimizing pricing and revenue management, which it expects will lead to higher incremental margins.
It focuses on corporate opportunities and plans to leverage its partnership with Delta, with corporate travel accounting for over a quarter of its Flight Transaction Value (FTV).
The company has built three strategic pillars: becoming a reliable private aviation leader, offering a wide array of aviation solutions, and enhancing customer experience.
It is focusing on operational performance and aims at a 98% completion rate and over 85% on-time performance.
The company made significant progress in reducing operating expenses, mainly driven by restructuring efforts and disciplined spending on technology, sales, and marketing.
Wheels Up's new 'Flight Transaction Value' (FTV) metric should provide a more precise representation of business breadth and size.
They expect boost in asset utilization from last year's regional program launch and the future plan of transitioning its program offering alongside an increased mix of charter and corporate flying business.
通過收購Air Partner，Wheels Up擴大了其全球業務範圍和包機業務能力。
該公司正專注於優化定價和收入管理，預計這將帶來更高的增量利潤率。
它專注於企業機會，並計劃利用與達美航空的合作伙伴關係，公司差旅佔其航班交易價值（FTV）的四分之一以上。
該公司建立了三大戰略支柱：成爲可靠的私人航空領導者、提供廣泛的航空解決方案以及增強客戶體驗。
它專注於運營績效，目標是實現98％的完成率和超過85％的準時績效。
該公司在減少運營支出方面取得了重大進展，這主要是由重組工作以及技術、銷售和營銷方面的嚴格支出推動的。
Wheels Up的新 “飛行交易價值”（FTV）指標應該可以更精確地表示業務廣度和規模。
他們預計，去年的區域計劃啓動以及未來計劃過渡其計劃以及擴大包機和公司飛行業務組合後，資產利用率將得到提高。
More details: Wheels Up Experience IR
更多詳情： Wheels Up 體驗紅
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。