Wheels Up Experience (UP) Company Report

Wheels Up Experience Inc. (UP) announced a strategic sale-leaseback transaction for 10 aircraft (3 Challenger 300s and 7 Phenom 300s).
The sale is valued at approximately $105 million, expected to generate $39.4 million in net cash proceeds after repaying approximately $65 million of outstanding debt under its revolving equipment notes facility.
These proceeds and incremental borrowing capacity are anticipated to support the company's planned acquisition of additional Challenger and Phenom aircraft in 2026 as part of its fleet modernization strategy.
The company also announced that its first Phenom aircraft equipped with Gogo Galileo HDX satellite Wi-Fi has entered service, marking the beginning of a fleet-wide upgrade to next-generation connectivity planned for 2026.

3 days ago

Wheels Up Advances Fleet Modernization with Strategic Sale-Leaseback and Wi-Fi Upgrade

New Projects/Investments

Wheels Up Experience Inc. has entered into a sale-leaseback transaction for 3 Challenger 300s and 7 Phenom 300s from its fleet.
The sale generated approximately $105 million in purchase price, with $65 million expected to repay outstanding debt and $40 million as cash net proceeds to the balance sheet.
These proceeds and unlocked incremental borrowing capacity are anticipated to support planned 2026 acquisitions of additional Challenger and Phenom aircraft, furthering the company's fleet modernization strategy.
The company also announced that its first Phenom aircraft equipped with Gogo Galileo HDX satellite Wi-Fi has entered service, with the first HDX-equipped Challenger expected early in 2026 and fleet-wide conversion throughout the year.

3 days ago

Wheels Up Receives NYSE Continued Listing Standard Notice

Delisting/Listing Issues

Proxy Vote Outcomes

Wheels Up Experience Inc. (NYSE: UP) received a notice from the New York Stock Exchange (NYSE) on December 17, 2025, for non-compliance with the minimum average closing price requirement of $1.00 over a 30 trading-day period.
The company has six months from the notice date to regain compliance with this standard.
Wheels Up intends to regain compliance, potentially by completing a reverse stock split at a ratio between 1-for-5 and 1-for-20, which was previously authorized by stockholders.
The notice has no immediate effect on the listing of Wheels Up's common stock, which will continue to trade on the NYSE under the symbol "UP", but with an added ".BC" designation.

7 days ago

Wheels Up Announces Q3 2025 Results

Earnings

Guidance Update

New Projects/Investments

Wheels Up Experience Inc. reported Q3 2025 revenue of $185.5 million, a 4% decrease year over year, and a net loss of $83.7 million or $(0.12) per share.
Total Gross Bookings increased by 5% year over year to $266.6 million, driven by 14% growth in on-demand charter offerings.
The company's productivity initiatives are now expected to generate $70 million or more in annual run-rate cost savings, exceeding the original $50 million goal, with the full benefit anticipated by Q3 2026.
Wheels Up ended the quarter with $225 million in liquidity, including $125 million of cash and an undrawn $100 million revolving credit facility.

Nov 5, 2025, 11:57 AM

Wheels Up Experience Inc. Announces Third Quarter 2025 Results

Earnings

Guidance Update

New Projects/Investments

Wheels Up Experience Inc. reported Q3 2025 revenue of $185.5 million, a 4% decrease year over year, and a net loss of $83.7 million or $(0.12) per share.
Despite the revenue decline, Total Gross Bookings increased by 5% year over year to $266.6 million in Q3 2025, driven by 14% growth in on-demand charter offerings.
The company's productivity initiatives are now expected to deliver $70 million or more in annual run-rate cost savings starting Q1 2026, with full benefits anticipated by Q3 2026.
Wheels Up expects its Q4 2025 financial results to be the best since its transformation began two years ago and aims to be Adjusted EBITDAR positive for 2026.

Nov 5, 2025, 11:55 AM

Wheels Up Launches New Membership Portfolio

Product Launch

New Projects/Investments

Wheels Up Experience Inc. (NYSE: UP) launched the Wheels Up Signature Membership on September 3, 2025, providing guaranteed nationwide access to its modernized fleet of Phenom 300 series and Challenger 300 series aircraft.
The program requires a small monthly fee and a minimum $200,000 pre-paid deposit, offering members a choice between a Dynamic Plan with market-driven pricing and a Fixed Plan with competitive fixed hourly rates.
Members also receive Delta SkyMiles® Diamond Medallion® Status and can save up to 20% on certain Delta fares through the strategic partnership with Delta Air Lines.

Sep 3, 2025, 1:00 PM

Wheels Up Experience Inc. Enters At-The-Market Equity Offering Agreement

Wheels Up Experience Inc. entered into an ATM Equity Offering Sales Agreement on August 29, 2025, with BofA Securities, Inc. and Jefferies LLC.
This agreement allows the company to sell up to an aggregate sales price of $50.0 million of its Class A common stock.
Sales, if any, may be made by any method deemed to be an "at the market offering," including sales on the New York Stock Exchange at prevailing market prices.
The company is not obligated to make any sales under the ATM Sales Agreement.