And, you know, look, January is seasonally slow for travel, and lots of things are ramping in the quarter, like pre-check locations.

Feb 26, 2025 / CFO / receipt, needs a key / Ken Cornick, CFO | earnings call 2025-02-26 | transcript 69fb27a7-d3f5-4c26-98a3-3a7920b18ce2 | chars 15473-15605 | segment 15

The experience economy and booming travel market have helped expand CLEAR's addressable market. A broader demographic of travelers are now appreciating the value of being a CLEAR member in our frictionless home-to-gate journey.

Aug 6, 2024 / CFO / receipt, needs a key / Ken Cornick, CFO | earnings call 2024-08-06 | transcript b351802e-b803-4daa-acc5-6dd77652bd49 | chars 5344-5571 | segment 5

As travel is booming, our overall service levels remain strong. We are addressing certain capacity-constrained locations during peak periods. There are a number of solutions in process, including additional equipment the engineering lanes, and real estate expansion.

Aug 2, 2023 / CFO / receipt, needs a key / Ken Cornick, CFO | earnings call 2023-08-02 | transcript 3d1b80eb-63f9-4be6-a90e-ab5c1f33c106 | chars 6646-6912 | segment 6

The largest component of Airport OPEX is cost of direct salaries and benefits. Direct salaries grew 140% in Q4 versus a depressed 2020 comparison. This does not reflect the true operating leverage inherent in the Clear Plus business. When compared to more normalized pre-COVID levels, we realized significant operating leverage. The 33 airports that were open for the entire fourth quarter of 2019 grew same-store bookings in excess of 50% in Q4 21 versus Q4 19, while total airport operating expenses grew around 15% in that same period, despite wage inflation in 2020 and 2021. Verifications in those markets were down low single digits while enrollments were up over 50%. While timing of new airport launches will affect the quarterly cadence, we expect growth in direct salaries to moderate in 2022, particularly in the back half when we anniversary the beginning of 2021's travel recovery.

Mar 23, 2022 / CFO / receipt, needs a key / Ken Cornick, CFO | earnings call 2022-03-23 | transcript 46352e87-a9b3-42b2-a267-a54a9fd4ae9c | chars 5115-6009 | segment 5