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Stock impact report

How the COVID-driven private jet boom is still flying high [Globe and Mail, The (Toronto, Canada)]

Wheels Up Experience Inc. Class A (UP) 
Guy Stockbridge runs multiple businesses from his headquarters in central California, including landscape companies that ripple across his home state and a utility solar business with operations in 17 states. Flying is a way of life for Stockbridge and others at his company, Elite Team Offices, based in Clovis. For years they flew both privately and on commercial flights out of Fresno, roughly 10 miles from Clovis. Then the COVID-19 pandemic hit, and private jet ownership became more and more attractive. “Buying a jet has been on my mind for years, but Covid definitely added to the equation!” Stockbridge told Reuters by email. He is not alone. A shift toward private flying that more wealthy Americans saw as a necessary luxury during COVID-19 is now showing signs of becoming something else: a pricey but sought-after alternative to a premium ticket on a commercial flight. Many stayed for the convenience, with analysts and industry executives saying they see both more first-ti Show less Read more
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