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Wheels Up Experience (UP)

Earnings summaries and quarterly performance for Wheels Up Experience.

Research analysts covering Wheels Up Experience.

Recent press releases and 8-K filings for UP.

Wheels Up Announces Q3 2025 Results
UP
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
UP
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
UP
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
UP
  • 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.
Aug 29, 2025, 12:10 PM