Summary of Wheels Up Experience FY Conference Call Company Overview - **Company**: Wheels Up Experience (NYSE: UP) - **Industry**: Private Aviation - **Business Model**: Membership-based and global charter brokerage Key Points Business Evolution - Wheels Up has evolved from a U.S.-based membership business to a global company with two main segments: programmatic membership in the U.S. and a global charter business, being the largest global charter broker [4][5] - The company has a strategic partnership with Delta Air Lines, integrating private and commercial aviation offerings [5] Fleet Transition - The fleet is transitioning from legacy Citation jets to a modern fleet of Phenom 300s and Bombardier Challenger 300s and 350s, with 40% of the transition completed and expected to finish by the end of 2026 [7][8] - This transition aims to reposition the company towards a more premium and corporate-centric market [8] Revenue Model - Membership revenue is approximately $600 million annually, with a membership fee of $500 per month or $6,000 per year [10][12] - The charter business also generates around $600 million in net revenue, leading to a total revenue of approximately $1.2 billion [14][15] Financial Performance - The U.S. operations currently have a gross margin of 19%, with a goal of achieving 30%+ contribution margins post-fleet transition [16][20] - The company reported a positive EBITDA for the first time, reversing a previous loss of over $200 million annually [19][68] Cost Management - Inflation impacts various costs, including labor and fuel, but the company has been able to pass these costs through to customers due to strong demand [22] - The company does not have a pilots' union, which may provide flexibility in managing labor costs [21] Strategic Partnership with Delta - The partnership with Delta allows Wheels Up to market to Delta's 40,000 corporate customers, enhancing their corporate sales segment, which has grown at a compound rate of 25% [24] - Delta's SkyMiles loyalty program presents additional opportunities for customer acquisition [25] Market Position and Competition - Wheels Up positions itself uniquely in the market, combining membership and charter services, unlike competitors who operate in silos [52] - Major competitors include NetJets, FlexJet, and VistaJet, but Wheels Up aims to capture market share from the fractional ownership model by offering more flexible solutions [53] Future Growth and Goals - The company aims to increase operational efficiency, targeting 70+ hours of revenue per month per plane, which could significantly enhance profitability [66] - Long-term goals include transitioning to a more traditional public equity base and attracting new investors as the company matures [71] Customer-Centric Approach - The company emphasizes a customer-centric model, tailoring aviation solutions to meet specific customer needs, which is expected to enhance customer experience and retention [46][48] Operational Strategy - The company is balancing its customer base between corporate and leisure clients to optimize fleet utilization [41][42] - The charter business operates globally, with a presence in major markets including the U.S., Europe, and Asia [44] Additional Insights - The integration of sales teams from membership and charter services aims to streamline customer interactions and improve service delivery [49][51] - The company is focused on creating a flexible and accessible private aviation experience, addressing historical barriers to entry in the market [36]

Core Insights - flyExclusive, Inc. has seen a stock price increase to $6.94, representing a 121.02% rise, driven by its expansion in private jet operations and strategic positioning for long-term growth [1][5] - China SXT Pharmaceuticals, Inc. has climbed to $4.87, a 143.75% increase, with its focus on traditional Chinese medicine and the Strategic AI Insights Initiative as key growth drivers [2][5] - Pineapple Financial Inc. has experienced a stock price rise to $2.73, a 91.26% increase, attributed to its innovative MyPineapple technology platform and the appointment of Anthony Georgiades to its Board of Directors [3][5] Company Developments - flyExclusive is enhancing its operations in Raleigh, North Carolina, to attract top talent and improve collaboration [1] - China SXT Pharmaceuticals is integrating advanced technology into its operations through AI-supported clinic deployment [2] - Pineapple Financial's strategic positioning is strengthened by the expertise of its new board member in digital assets and institutional investment [3] Market Trends - The movements of these companies indicate strong investor interest in innovation within their sectors, highlighting opportunities for growth in diverse market segments [4]

Table of Contents As filed with the Securities and Exchange Commission on August 27, 2024 Registration No. 333-276627 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pre-Effective Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT Under THE SECURITIES ACT OF 1933 flyExclusive, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) Delaware 4522 86-1740840 (Primary Standard Industrial Classification Code Number) 2860 Jetport Road, Ki ...

Table of Contents As filed with the Securities and Exchange Commission on August 27, 2024 Registration No. 333-276627 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pre-Effective Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT Under THE SECURITIES ACT OF 1933 flyExclusive, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) Delaware 4522 86-1740840 (Primary Standard Industrial Classification Code Number) 2860 Jetport Road, Ki ...

Table of Contents As filed with the Securities and Exchange Commission on May 10, 2024 Registration No. 333-276627 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Pre-Effective Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT Under THE SECURITIES ACT OF 1933 flyExclusive, Inc. (Exact name of registrant as specified in its charter) Delaware 4522 86-1740840 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) 2860 Jet ...