Thu. 9 May 2024, 8:34am ET
Benzinga
Earnings, News
For the first quarter:
- Active Members decreased 25% year-over-year to 9,155, primarily as a result of the regionalization of our member programs and focus on profitable flying.
- Active Users decreased 23% year-over-year to 10,218, due to the decline in Active Members.
- Live Flight Legs and Total Private Jet Flight Transaction Value decreased 24% and 26%, respectively, year-over-year, reflecting our efforts to focus on profitable flying and a slowdown in the industry.
- Total Private Jet Flight Transaction Value per Live Flight Leg decreased 3% year-over-year.