2024-05-17 15:37:30 ET
Summary
- flyExclusive, Inc. operates through different customer models including memberships, fractional ownership, and partnerships.
- The termination of the contract with Wheels Up has negatively impacted FlyExclusive's revenues and financial performance.
- The stock is not a compelling investment due to its high valuation and the challenges the company faces in offsetting the loss of the Wheels Up contract.
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For further details see:
flyExclusive: Interesting Business, A Sell On Uninteresting Fundamentals