Wheels Up Experience

Wheels Up Experience, Inc. is a provider of private aviation services in the U.S. through a fleet of owned, managed, and third-party planes. The company was founded by Kenneth Dichter in August 2013 and is headquartered in New York, NY.

Earnings data Q2 2021

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Wheels Up Experience reports operational excellence and charter growth amidst challenges

Wheels Up Experience showcased operational excellence and profitability in charter business amidst revenue challenges.
Strategic shifts towards profitable charter flying and corporate block sales growth aim to drive asset utilization and profitability.
Despite revenue decline, the company's focus on operational efficiency and infrastructure development signals a commitment to long-term growth.
Maintaining liquidity and optimizing the business model are key priorities to navigate challenges and capitalize on growth opportunities.

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Wheels Up Experience, Inc. is a provider of private aviation services in the U.S. through a fleet of owned, managed, and third-party planes. The company was founded by Kenneth Dichter on August 1, 2013 and is headquartered in Chamblee, GA.

Credit Suisse analyst Stephen Ju initiated Wheels Up Experience Inc (NYSE:UP) with an Outperform rating and a price target of $14, implying an upside of 92%. Wheels Up released a non-membership offering allowing fliers to purchase flights without paying upfront for a membership, the analyst notes.

Wheels Up Initiated With Outperform At Credit Suisse

UP stock has fallen off the table since the SPAC merger was completed in July. Wheels Up Experience offers an attractive story, with the potential to transform the private aviation industry.

Wheels Up Experience: An Intriguing, If Risky, 'Busted SPAC' Play

NEW YORK, Sept. 13, 2021 /PRNewswire/ -- Wheels Up (NYSE:UP), the leading brand in private aviation, announced today the appointment of Julia Zhang as Senior Vice President of Pricing and Revenue Management.

Wheels Up Announces Julia Zhang as New Senior Vice President of Pricing and Revenue Management

NEW YORK, Sept. 10, 2021 /PRNewswire/ -- The RedTail Flight Academy (RFA) celebrated the opening of its state-of-the-art flight academy today at New York Stewart International Airport in partnership with Wheels Up (NYSE:UP), the leading private aviation company.

Seven Minority Students Launch NY Chapter Of Tuskegee Airmen Inc. RedTail Flight Academy

NEW YORK, Sept. 9, 2021 /PRNewswire/ -- Wheels Up (NYSE:UP) today announced that members of its executive management team will present at the Raymond James Consumer Conference on Tuesday, September 14, 2021.

Wheels Up To Present At The Upcoming Raymond James Consumer Conference

David J Adelman, Director at Wheels Up Experience (NYSE:UP), made a large insider buy on September 1, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Adelman purchased 100,000 shares of Wheels Up Experience at a price of $7.54 per share.

Notable Wheels Up Experience Insider Makes $754.00 Thousand Buy

The business jet membership service gets a positive write up from a Wall Street analyst.

Why Wheels Up Experience Stock Is Up Today

Raymond James analyst Aaron Kessler initiated Wheels Up Experience Inc (NYSE:UP) with an Outperform rating and a price target of $10, implying an upside of 51.8%. Kessler mentions that the private aviation total addressable market is "large and growing," and Wheels Up has established itself as a leading on-demand private aviation marketplace.

Raymond James Sees ~52% Upside In This Newly Covered Small Cap Stock

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Investors fret that institutional holders might soon be selling.

Why Wheels Up Experience Stock Is Down Today

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Wheels Up Experience Inc. (UP) CEO Kenny Dichter on Q2 2021 Results - Earnings Call Transcript

In the first reported results after being listed, Wheels Up Experience Inc (NYSE: UP) reported second-quarter FY21 revenue grew 113% year-over-year to $285.6 million. The company's Active Members grew 47% Y/Y to 10,515 as of June 30, 2021.

Wheels Up Experience Q2 Revenue Surges 113%, Loss Widens As Expense Doubles

NEW YORK, Aug. 12, 2021 /PRNewswire/ -- Wheels Up (NYSE:UP) today announced financial results for the second quarter, which ended June 30, 2021. Second Quarter 2021 Highlights Revenue increased 113% year-over-year to $285.6 million Active Members grew 47% year-over-year to 10,515 in total Live Flight Legs increased 146% year-over-year to 18,234 in total Net loss increased by $1.6 million year-over-year to $(29.0) million Adjusted EBITDA improved by $7.6 million year-over-year to $(8.5) million "The accelerating growth in our revenue is a great way to mark our first reported results as a public company and creates a solid foundation to build upon," said Kenny Dichter, Wheels Up Chairman & CEO.

Wheels Up Announces Record Revenue Growth of 113% for Second Quarter 2021

NEW YORK, Aug. 5, 2021 /PRNewswire/ -- Wheels Up (NYSE: UP), the leading brand in private aviation, today announced the appointment of Gene McKenna as Chief Product Officer. The position will play a critical role as the company continues to build out its Marketplace platform to become the leading demand generator in the industry.

Wheels Up Welcomes New Chief Product Officer Gene McKenna

NEW YORK, July 28, 2021 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced that it will release its second quarter 2021 financial results before market open on Thursday, August 12, 2021. Management will host a conference call at 8:30 am ET to discuss the results.

Wheels Up Announces Date of Second Quarter 2021 Earnings Release and Conference Call

NEW YORK, July 22, 2021 /PRNewswire/ -- Wheels Up (NYSE:UP) the leading brand in private aviation, and Abercrombie & Kent, the world's leading luxury travel company, announce a strategic partnership to offer Wheels Up Members bespoke travel experiences utilizing the Wheels Up fleet in North America and private small group journeys in international destinations. This latest benefit is the seventh new and exclusive benefit created for Wheels Up members during the past six months and continues to demonstrate the Company's investment in lifestyle and luxury experiences for its Members.

Wheels Up and Abercrombie & Kent Forge Partnership to Deliver Members-Only Experiences to Explore the World in Unparalleled Luxury

As the company's stock rose 16.31%, closing at $11.50, Dichter, the founder and CEO, was already teasing the next trend, space tourism, and trying out the moniker Space Up.

As Private Flying Breaks Records, A Public Wheels Up Looks Towards The Stars

Private jet company Wheels Up went public Wednesday via a SPAC merger, with its CEO now looking to transform the business's technology platform.

Wheels Up CEO looks to transform private jet industry as company goes public via SPAC

Wheels Up stock is taking to the sky today, its first day trading on the NYSE. The private jet service just closed on its SPAC merger.

Wheels Up Stock: The NYSE Listing Flying ‘UP' in Value Today

Wheels Up has officially become the first private aviation company to trade on the New York Stock Exchange under the ticker symbol UP.

Wheels Up, 'Uber of the Sky', begins trading on NYSE

Aspirational Consumer Lifestyle Corp

NEW YORK, July 14, 2021 /PRNewswire/ -- Today Wheels Up Experience Inc. ("Wheels Up" or the "Company") (NYSE: UP) became the first private aviation company to be traded on the New York Stock Exchange ("NYSE").  The Company announced that it has officially closed its transaction with Aspirational Consumer Lifestyle Corp. (NYSE: ASPL), a special purpose acquisition company.

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