This is the 17763rd most frequent Russian word.
улетаем
"Улетаем" means "we are flying away" or "we are departing by air."
The word 'улетаем' denotes an immediate future action of leaving by air, used here in the form of first person plural.
Мы улетаем завтра утром.
We are flying away tomorrow morning.
Here, 'улетаем' indicates a recurring event of departure by plane in the general present tense.
Каждый раз, как улетаем, я скучаю по дому.
Each time we fly away, I miss home.
In this sentence, 'улетаем' refers to a potential action of flying away in the context of a conditional statement.