| Wheels Up Partners with United Autosports to Deliver Customers Unmatched Motorsport Experiences |
ATLANTA , May 13, 2025 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP), one of the world's leading private aviation companies, is proud to announce a multi-series global partnership with United Autosports, one of the most successful endurance racing teams and official racing partner of McLaren Automotive. This multi-series collaboration offers Wheels Up customers the opportunity for exclusive access to some of the world's most prestigious motorsport events, including the FIA World Endurance Championship, European Le Mans Series, and the WeatherTech IMSA SportsCar Championship. |
prnewswire.com |
2025-05-13 13:31:00 |
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| Wheels Up to Present at Bank of America Industrials, Transportation, and Airlines Key Leaders Conference 2025 |
ATLANTA , May 12, 2025 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP ), a global leader in private aviation, today announced that the company's Chief Executive Officer, George Mattson, will present in person at the Bank of America Industrials, Transportation, and Airlines Key Leaders Conference in New York, NY on Thursday, May 15, 2025 at 8:45 am ET. The event will be webcast live and can be accessed via the Events & Presentations page of our Investor Relations website. |
prnewswire.com |
2025-05-12 20:30:00 |
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| Wheels Up Launches New Sustainable Aviation Fuel Program, Setting a New Industry Standard |
Innovative system allows charter customers to contribute towards advancing Sustainable Aviation Fuel ATLANTA , May 6, 2025 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP), a global leader in private aviation, today announced the launch of its new Sustainable Aviation Fuel (SAF) program. Now, Wheels Up charter customers who opt into this initiative are able to seamlessly book a private jet or group charter flight and contribute towards decarbonizing aviation by supporting SAF. |
prnewswire.com |
2025-05-06 13:00:00 |
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| Wheels Up Announces First Quarter Results |
Financial performance illustrates continued momentum of business transformation Installation of Gogo high-speed satellite Wi-Fi to begin this summer Agreement with Delta to extend $100 million revolving credit facility Board of Directors authorizes stock repurchase program ATLANTA , May 1, 2025 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced financial results for the first quarter of 2025. Highlights of the quarter, including GAAP results, non-GAAP financial measures and key performance metrics, are on pages two and three and incorporated herein. |
prnewswire.com |
2025-05-01 10:55:00 |
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| Wheels Up Receives NYSE Continued Listing Standard Notice |
Management remains focused on improving profitability and expanding margins by modernizing its fleet, leveraging partnership with Delta and delivering premium solutions for every customer journey ATLANTA , April 25, 2025 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) ("Wheels Up") today announced that it received a notice from the New York Stock Exchange (the "NYSE") on April 22, 2025 that the average closing price per share of its common stock did not exceed $1.00 over a 30 consecutive trading-day period, which is required for continued listing on the NYSE. Wheels Up remains committed to executing its long-term, foundational improvements to its operations and commercial engine, and its objective to build a resilient business model to support sustainable future profitability. |
prnewswire.com |
2025-04-25 21:15:00 |
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| Wheels Up Announces Date of First Quarter 2025 Earnings Release |
ATLANTA , April 24, 2025 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP ) today announced that it will release its first quarter 2025 financial results on Thursday, May 1, 2025. Earnings materials will be available on the Wheels Up investor relations website at investors.wheelsup.com. |
prnewswire.com |
2025-04-24 12:00:00 |
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| Wheels Up Names rEvolution as Agency of Record for Brand Experiences |
A strategic partnership to develop best-in-class experiences for Wheels Up fliers A strategic partnership to develop best-in-class experiences for Wheels Up fliers |
globenewswire.com |
2025-03-24 15:00:00 |
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| New York Hedge Fund Has $1.1 Billion Tied Up in These 2 Stocks. It's Not Looking Good. |
Knighthead Capital Management is a New York-based hedge fund specializing in fundamental analysis, operational and financial turnarounds, and risk management. |
247wallst.com |
2025-03-23 13:23:36 |
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| Wheels Up: Encouraging Signs Of A Turnaround, But Potential Recession On The Horizon |
Wheels Up's turnaround shows progress with reduced adj. EBITDA losses, but the company still operates at a loss and faces cash runway concerns. Management's fleet renewal plan aims to boost demand but involves significant capital investments, risking further stock dilution and financial strain. Despite a 60% stock decline, Wheels Up's valuation remains high compared to peers, making it an unattractive investment. |
seekingalpha.com |
2025-03-17 11:00:00 |
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| Wheels Up Names John Verkamp as Chief Financial Officer |
Verkamp to bring extensive financial leadership experience to help drive strategic growth plan ATLANTA , March 11, 2025 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP), a global leader in private aviation, today announced the appointment of John Verkamp as Chief Financial Officer. With a track record of financial leadership and a deep understanding of complex operations, John will oversee the company's global finance organization. |
prnewswire.com |
2025-03-11 09:00:00 |
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| Wheels Up Announces December Quarter and Full Year 2024 Results |
Financial performance illustrates momentum with business transformation Fleet modernization underway, with 18 new Phenom jets entering Wheels Up's controlled fleet and the company's first Challengers set to enter service by April 1 John Verkamp appointed Chief Financial Officer, to join company on March 31 ATLANTA , March 11, 2025 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced financial results for the December quarter and full year ended 2024. Highlights of the December quarter and full year 2024, including GAAP results, non-GAAP financial measures and key performance metrics, are on page three and incorporated herein. |
prnewswire.com |
2025-03-11 08:55:00 |
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| Wheels Up stock price on edge ahead of earnings: buy the dip? |
Wheels Up Experience (UP) stock price crashed to a record low of $1 on Monday as investors waited for its quarterly financial results. The UP share price has crashed by 35% this year, lagging behind other companies in Wall Street. |
invezz.com |
2025-03-11 04:03:00 |
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| Wheels Up Announces Date of Fourth Quarter 2024 Earnings Release |
ATLANTA , Feb. 25, 2025 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP ) today announced that it will release its fourth quarter 2024 financial results on Tuesday, March 11, 2025. Earnings materials will be available on the Wheels Up investor relations website at investors.wheelsup.com. |
prnewswire.com |
2025-02-25 10:00:00 |
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| University of Portland Announces Transformational $20 Million Gift |
PORTLAND, Ore.--(BUSINESS WIRE)--University of Portland (UP) is proud to announce a $20 million dollar gift — one of the largest single gifts in school history — from a multi-generational family whose ties to the University span more than 65 years. The historic gift will support the University's priorities of enhancing student access, supporting academic excellence, and strengthening student formation. The donor family chose to remain anonymous in order to “keep the focus on the important work. |
businesswire.com |
2024-12-11 16:00:00 |
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| Wheels Up: Be Patient, But A Turnaround Is In The Works |
Shares of Wheels Up have begun a modest rebound after the company's Q3 earnings release. Importantly, Wheels Up announced a $332 million financing package from Bank of America and guaranteed by Delta to purchase new aircraft. Standardizing Wheels Up's fleet with newer aircraft is expected to boost flight operations and maintenance costs, a key lever in the company's plan to hit adjusted EBITDA profitability by 2025. |
seekingalpha.com |
2024-11-22 09:00:43 |
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| Wheels Up Names Jill Greer as Executive Vice President, Investor Relations and Sustainability |
Greer to lead Wheels Up's investor relations strategy as well as the development and implementation of company's sustainability strategy ATLANTA , Nov. 19, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP), a global leader in private aviation, today announced the appointment of Jill Greer as Executive Vice President, Investor Relations and Sustainability. Jill brings over two decades of experience in aviation and strong financial leadership to the role, having spent 21 years working at Delta Air Lines. |
prnewswire.com |
2024-11-19 10:00:00 |
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| Wheels Up Secures $332 Million Revolving Financing Facility and Completes Acquisition of 17 Phenom 300 Series Aircraft |
New Bank of America-led facility, with Delta Air Lines credit support, provides growth flexibility as Wheels Up expands its fleet with GrandView Aviation assets to enhance customer experience ATLANTA , Nov. 14, 2024 /PRNewswire/ -- On November 13, 2024, Wheels Up Experience Inc. (NYSE: UP ) closed its new $332 million revolving equipment notes facility with Bank of America, and completed the acquisition of GrandView Aviation's fleet of 17 Embraer Phenom 300 and Phenom 300E aircraft, and related maintenance assets and customer programs. The closings mark a major step forward for Wheels Up's strategic growth goals, aimed at delivering an elevated and reliable experience for its customers. |
prnewswire.com |
2024-11-14 10:00:00 |
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| Wheels Up Experience Inc. (UP) Q3 2024 Earnings Call Transcript |
Wheels Up Experience Inc. (NYSE:UP ) Q3 2024 Results Conference Call November 7, 2024 10:00 AM ET Company Participants Keith Ferguson - Investor Relations George Mattson - Chief Executive Officer Eric Cabezas - Interim Chief Financial Officer Operator Welcome to Wheels Up's Third Quarter 2024 Earnings Conference Webcast. It is my pleasure to introduce Keith Ferguson. |
seekingalpha.com |
2024-11-09 15:37:08 |
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| Wheels Up Reports Third Quarter Results |
Improvement in financial performance driven by operating initiatives over past year Fleet modernization plan represents next phase of strategic journey to profitability New credit facility expected to strengthen balance sheet; credit support from Delta Air Lines underscores commitment to strategic partnership ATLANTA , Nov. 7, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced financial results for the third quarter, which ended September 30, 2024. Third Quarter 2024 Highlights 1 Revenue was $194 million, stabilizing at levels consistent with the first and second quarters of 2024, though down year over year due primarily to the sale of non-core businesses and focus on profitable flying Adjusted Contribution Margin was 14.8%, the highest as a public company, and an increase of 380 basis points year over year and 700 basis points sequentially Net loss was $58 million for the quarter, an improvement of $87 million year over year and $39 million sequentially Adjusted EBITDA loss was $20 million, an improvement of $17 million sequentially and slightly worse year over year on lower revenues Net cash used in operating activities improved to an outflow of $15 million, a 94% improvement versus $250 million last year "After seven consecutive quarters of revenue contraction leading into 2024, the intentional improvements we have made to our business over the last year have stabilized our top line, expanded margins to record levels, and positioned us for growth," said George Mattson, Chief Executive Officer. |
prnewswire.com |
2024-11-07 10:00:00 |
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| Wheels Up Announces Fleet Modernization Strategy and Associated Transactions |
Wheels Up to transition its current jet fleets to Phenom 300 Series and Challenger 300 Series aircraft Entered into agreement to acquire GrandView Aviation's entire fleet of 17 Phenom 300 and Phenom 300E aircraft Entered into agreement to sell entire owned fleet of super mid Citation X aircraft and lease for a limited period in preparation for transition to Challenger fleet New fleet to be outfitted with best-in-class Gogo Galileo HDX satellite-based WiFi Committed financing to be provided by Bank of America, with credit support from Delta Air Lines ATLANTA , Oct. 22, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced a series of major aircraft, commercial and financing transactions that lay the foundation for the company's fleet modernization strategy. Upon closing, the transactions will initiate the transition of Wheels Up's four existing jet aircraft types to two of the most preferred and successful aircraft types in the industry – Embraer's Phenom 300 and Phenom 300E aircraft and Bombardier's Challenger 300 and Challenger 350 aircraft. |
prnewswire.com |
2024-10-22 20:40:00 |
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| Wheels Up Announces Date of Third Quarter 2024 Earnings Release and Webcast |
ATLANTA , Oct. 17, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced that it will release its third quarter 2024 financial results on Thursday, November 7, 2024. Management will provide a review of the quarter and business update in prepared remarks during a webcast at 10 am ET. |
prnewswire.com |
2024-10-17 12:00:00 |
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| Wheels Up Appoints Meaghan Wells as EVP of Enterprise Planning and Strategy |
Wells to lead Wheels Up's enterprise planning, fleet and corporate strategy, corporate development and commercial partnerships, leveraging her years of industry experience ATLANTA , Oct. 8, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced Meaghan Wells as its new EVP of Enterprise Planning and Strategy, to lead the development of the company's long-term growth strategy and further cement Wheels Up's position as a leader in global aviation solutions. Wells has a dynamic background and experience, specializing in driving growth and securing capital for rapidly scaling organizations. |
prnewswire.com |
2024-10-08 12:30:00 |
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| Wheels Up Announces Investors Agree to One-Year Lock-Up Extension |
Approximately 97.2% of lead investor shares will remain subject to the lock-up restriction until September 20, 2025 ATLANTA , Sept. 23, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced that lead investors, Delta Air Lines, Inc., CK Wheels LLC, and Cox Investment Holdings, LLC, agreed to extend the lock-up restriction with respect to all their shares of common stock issued under the Investment and Investor Rights Agreement, for an additional year, until September 20, 2025. |
prnewswire.com |
2024-09-23 10:50:00 |
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| Wheels Up Announces Executive Leadership Transitions |
Chief Financial Officer Todd Smith and Chief Legal Officer Laura Heltebran to depart Matthew Knopf to join as Chief Legal Officer and Secretary, with Eric Cabezas acting as interim Chief Financial Officer ATLANTA , Aug. 21, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced two transitions on its executive leadership team, as Chief Financial Officer Todd Smith will be leaving the company for a new role, and Chief Legal Officer Laura Heltebran will be departing to pursue other opportunities. Starting September 9, Matthew Knopf will be joining Wheels Up as Chief Legal Officer and Secretary, with Eric Cabezas acting as interim Chief Financial Officer while a search is conducted for Smith's replacement. |
prnewswire.com |
2024-08-21 12:30:00 |
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| Wheels Up Experience: High Risk, High Reward; Catalysts Are In Place For Rebound (Rating Upgrade) |
Shares of Wheels Up erased recent gains after reporting Q2 results. The company has simplified its customer offering, while also adding new flier perks with Delta that may help to turn around membership trends. Margins have improved and losses are slimming as the company focuses its flight routes on a more profitable core, which better utilizes its maintenance and repair facilities. |
seekingalpha.com |
2024-08-12 06:06:37 |
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| Wheels Up Experience Inc. (UP) Q2 2024 Earnings Call Transcript |
Wheels Up Experience Inc. (NYSE:UP ) Q2 2024 Earnings Call August 8, 2024 10:00 AM ET Company Participants Keith Ferguson - Investor Relations George Mattson - Chief Executive Officer Todd Smith - Chief Financial Officer Operator Hello, everyone, and welcome to today's Wheels Up Second Quarter 2024 Earnings Webcast. I will now hand the line over to Keith Ferguson to begin. |
seekingalpha.com |
2024-08-09 09:00:08 |
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| Wheels Up Reports Second Quarter Results |
Strong operational performance and increased efficiencies contribute to sequential margin and profitability improvement ATLANTA , Aug. 8, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced financial results for the second quarter, which ended June 30, 2024. Second Quarter 2024 Highlights Revenue decreased to $196 million, driven by the divestiture of non-core assets and our focus on more profitable flying Adjusted Contribution Margin increased year over year to 7.8% Net loss improved year-over-year to $97 million Adjusted EBITDA improved year-over-year to a loss of $37 million "Over the past year, we've taken vital steps towards realizing our vision of building Wheels Up into a true innovator in private aviation. |
prnewswire.com |
2024-08-08 12:00:00 |
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| Wheels Up Introduces Further Pricing, Savings, and Rewards Transparency Designed to Drive Value and Increase Flexibility for Travelers |
Wheels Up's industry-leading mobile app and website will allow travelers to effectively explore dynamic rates across dates and routes while tracking savings and loyalty progress NEW YORK , July 23, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP), a global leader in private aviation, is pleased to announce further updates to its recently streamlined product portfolio. As of today, the company's enhanced mobile app and website will provide increased transparency, further solidifying Wheels Up as the most accessible way to fly private. |
prnewswire.com |
2024-07-23 12:00:00 |
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| Wheels Up Announces Date of Second Quarter 2024 Earnings Release and Webcast |
NEW YORK , July 18, 2024 / PRNewswire / -- Wheels Up Experience Inc. (NYSE: UP) today announced that it will release its second quarter 2024 financial results on Thursday, August 8, 2024. Management will provide a review of the quarter and business update in prepared remarks during a webcast at 10 am ET. |
prnewswire.com |
2024-07-18 12:00:00 |
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| Top 3 Industrials Stocks That Are Ticking Portfolio Bombs |
As of July 5, 2024, three stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. |
benzinga.com |
2024-07-05 11:46:51 |
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| Wheels Up Announces Streamlined Product Portfolio, Providing Global Access Through Options for Membership and Charter |
Member benefits expanded to offer enhanced Delta loyalty rewards as well as guaranteed availability and recovery within the U.S., U.K. and Europe Updated portfolio introduces the first-ever charter program offering private flight credit and commercial airline benefits NEW YORK , June 17, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP), the first company in the industry that provides seamless global aviation solutions across private and commercial travel, today announced a streamlined product portfolio. Working with strategic partner Delta Air Lines, America's most awarded airline, Wheels Up can now provide an even greater level of flexibility to meet the needs of today's most discerning travelers. |
prnewswire.com |
2024-06-17 12:00:00 |
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| Wheels Up Experience Inc. (UP) Q1 2024 Earnings Call Transcript |
Wheels Up Experience Inc. (NYSE:UP ) Q1 2024 Earnings Conference Call May 9, 2024 10:00 AM ET Company Participants Keith Ferguson - Investor Relations George Mattson - Chief Executive Officer Todd Smith - Chief Financial Officer Conference Call Participants Operator Welcome to the Wheels Up First Quarter 2024 Webcast. It is my pleasure to introduce Keith Ferguson with Wheels Up. |
seekingalpha.com |
2024-05-10 16:48:09 |
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| Wheels Up Reports First Quarter Results |
Delivering continued operational performance improvements Positioned for long-term profitable growth NEW YORK , May 9, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced financial results for the first quarter, which ended March 31, 2024. First Quarter 2024 Highlights Total Revenue decreased $155 million year-over-year to $197 million, nearly half of which was due to exiting the aircraft management and aircraft sale businesses Adjusted Contribution decreased $4 million year-over-year to $2 million Net loss improved slightly year-over-year to $97 million Adjusted EBITDA was relatively flat year-over-year at a loss of $49 million "Wheels Up has made great strides to improve our operations and consistently deliver exceptional service and an experience worth repeating for our customers," said George Mattson, Chief Executive Officer. |
prnewswire.com |
2024-05-09 12:30:00 |
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