Wheels Up Experience Inc. provides private aviation services primarily in the United States. The company offers a suite of products and services, which include multi-tiered membership programs, on-demand flights across various private aircraft cabin categories, aircraft management, retail and wholesale charter, whole aircraft acquisitions and sales, corporate flight solutions, special missions, signature events and experiences, and commercial travel. It operates a fleet of approximately 1,500 owned, leased, managed and third-party aircraft. The company was founded in 2013 and is headquartered in New York, New York.
IPO Year: 2020
Exchange: NYSE
Website: wheelsup.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
6/15/2022 | $5.00 | Buy | Goldman |
3/11/2022 | $11.00 → $8.50 | Outperform | Credit Suisse |
3/11/2022 | $9.00 → $6.00 | Outperform | Raymond James |
2/16/2022 | Peer Perform | Wolfe Research | |
11/16/2021 | $16.00 | Outperform → Mkt Perform | Barrington Research |
11/11/2021 | $14.00 → $11.00 | Outperform | Credit Suisse |
11/11/2021 | $10.00 → $9.00 | Outperform | Raymond James |
11/9/2021 | $5.90 | Underweight | Morgan Stanley |
10/1/2021 | $14.00 | Outperform | Credit Suisse |
8/31/2021 | $10.00 | Outperform | Raymond James |
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4 - Wheels Up Experience Inc. (0001819516) (Issuer)
4 - Wheels Up Experience Inc. (0001819516) (Issuer)
4 - Wheels Up Experience Inc. (0001819516) (Issuer)
4 - Wheels Up Experience Inc. (0001819516) (Issuer)
4 - Wheels Up Experience Inc. (0001819516) (Issuer)
4 - Wheels Up Experience Inc. (0001819516) (Issuer)
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8-K - Wheels Up Experience Inc. (0001819516) (Filer)
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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. In addition, Kore Capital LLC and funds managed by Whitebox Advisors LLC, agreed to extend the lock-up restriction with respect to 72.5% of their shares until September 20, 2025. As a result, approxim
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 C
Veteran Leader Brings Deep Strategic, Aviation, and Governance Experience to Boardroom ATLANTA, Aug. 8, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced that Gregory L. Summe, Managing Partner of Glen Capital Partners LLC, joined its Board of Directors, effective August 7. Summe fills the unexpired term of David Adelman, who is stepping down to focus on other professional pursuits. Summe's initial term as a Class II director will continue until the 2026 annual meeting of the Company's stockholders. He will serve on the Audit and Compensation Committees
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 flyingAdjusted Contribution Margin increased year over year to 7.8%Net loss improved year-over-year to $97 millionAdjusted EBITDA improved year-over-year to a
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. The upgrade is the latest in a serie
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. The event can be accessed via the Events & Presentations page of our Investor Relations website. An online replay of the conference call will be available approximately three hours after the webcast. About Wheels UpWheels Up is a leading provider of on-demand private aviation and
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 discern
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 businessesAdjusted Contribution decreased $4 million year-over-year to $2 millionNet loss improved slightly year-over-year to $97 millionAdjus
Harvey to lead integration of Wheels Up's commercial functions, driving profitable business growth and further increasing market penetration NEW YORK, May 6, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced Dave Harvey as its new Chief Commercial Officer, leading the company's commercial strategy and further strengthening Wheels Up's position at the forefront of the premium aviation industry. Harvey brings 25 years of experience spanning multiple disciplines to the role. His work across technology, network planning, strategic planning, commercial stra
NEW YORK, April 23, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced that it will release its first quarter 2024 financial results on Thursday, May 9, 2024. Management will provide a review of the quarter and business update in prepared remarks during a webcast at 10 am ET. The event can be accessed via the Events & Presentations page of our Investor Relations website. An online replay of the conference call will be available approximately three hours after the webcast. About Wheels UpWheels Up is a leading provider of on-demand private aviation in the
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Goldman initiated coverage of Wheels Up Experience with a rating of Buy and set a new price target of $5.00
Credit Suisse reiterated coverage of Wheels Up Experience with a rating of Outperform and set a new price target of $8.50 from $11.00 previously
Raymond James reiterated coverage of Wheels Up Experience with a rating of Outperform and set a new price target of $6.00 from $9.00 previously
Wolfe Research resumed coverage of Wheels Up Experience with a rating of Peer Perform
Barrington Research downgraded Wheels Up Experience from Outperform to Mkt Perform and set a new price target of $16.00
Credit Suisse reiterated coverage of Wheels Up Experience with a rating of Outperform and set a new price target of $11.00 from $14.00 previously
Raymond James reiterated coverage of Wheels Up Experience with a rating of Outperform and set a new price target of $9.00 from $10.00 previously
Morgan Stanley initiated coverage of Wheels Up Experience with a rating of Underweight and set a new price target of $5.90
Credit Suisse initiated coverage of Wheels Up Experience with a rating of Outperform and set a new price target of $14.00
Raymond James initiated coverage of Wheels Up Experience with a rating of Outperform and set a new price target of $10.00
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 C
Veteran Leader Brings Deep Strategic, Aviation, and Governance Experience to Boardroom ATLANTA, Aug. 8, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced that Gregory L. Summe, Managing Partner of Glen Capital Partners LLC, joined its Board of Directors, effective August 7. Summe fills the unexpired term of David Adelman, who is stepping down to focus on other professional pursuits. Summe's initial term as a Class II director will continue until the 2026 annual meeting of the Company's stockholders. He will serve on the Audit and Compensation Committees
Harvey to lead integration of Wheels Up's commercial functions, driving profitable business growth and further increasing market penetration NEW YORK, May 6, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced Dave Harvey as its new Chief Commercial Officer, leading the company's commercial strategy and further strengthening Wheels Up's position at the forefront of the premium aviation industry. Harvey brings 25 years of experience spanning multiple disciplines to the role. His work across technology, network planning, strategic planning, commercial stra
Leadership and financial stability to underpin a new era of operational excellence and customer experience, setting the standard for private aviation with a seamless connection to premium commercial travel NEW YORK, Sept. 14, 2023 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced George N. Mattson as its new Chief Executive Officer, as the company charts its future as a leader in private jet travel. Mattson brings 25 years of aviation experience to the role, as a strategic advisor, financier, business owner/operator and director. "In 10 years, Wheels Up has g
New Chief Digital Officer and Chief Customer and Marketing Officer to accelerate member-facing strategies NEW YORK, May 3, 2023 /PRNewswire/ -- Wheels Up Experience (NYSE:UP) today announced two key additions to its senior management team to amplify its customer-focused business strategies and deliver on its profitability objectives. David Godsman will join as Wheels Up's first Chief Digital Officer to lead the company's digital transformation and technology initiatives. In addition, Kristen Lauria will join as the company's new Chief Customer and Marketing Officer to focus on
NEW YORK, Jan. 3, 2022 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP), the leading brand in private aviation, today, announced the appointment of Stevens J. Sainte-Rose as Chief People Officer. In this role, Sainte-Rose will lead all aspects of human resources and culture at Wheels Up including organizational design, talent acquisition, development and retention, as well as diversity and inclusion functions. Sainte-Rose will report directly to Wheels Up Chairman and CEO, Kenny Dichter. "Stevens brings a unique mix of long-term, strategic planning with the agility and spee
NEW YORK, Oct. 5, 2021 /PRNewswire/ -- Wheels Up (NYSE:UP), the leading brand in private aviation, today, announced the appointment of Vinayak Hegde as President. The move comes during a time of historic demand and revenue growth and on the heels of its public listing in July 2021. Since May 2021, Hegde has served as Chief Marketplace Officer, responsible for leveraging innovative and proprietary technology to both grow and expand its customer base beyond the traditional membership model. With its next-generation technology-driven platform, the Wheels Up Marketplace is expand
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. In her new role, Ms. Zhang will focus on developing and implementing data-driven profitable revenue growth strategies for Wheels Up that provide significant enterprise value to the organization. In addition, she will work to create dynamic pricing rules and enhanced processes in the day-to-day pricing decisions, allowing the company to grow its membership base aggressive
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. McKenna will oversee the entire Product portfolio - developing and driving the vision, roadmap and strategy to accelerate the company's growth. McKenna joins Wheels Up with 18 years of product management experience and a decade of software engineering
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. The event can be accessed via the Events & Presentations page of our Investor Relations website. An online replay of the conference call will be available approximately three hours after the webcast. About Wheels UpWheels Up is a leading provider of on-demand private aviation and
NEW YORK, April 23, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced that it will release its first quarter 2024 financial results on Thursday, May 9, 2024. Management will provide a review of the quarter and business update in prepared remarks during a webcast at 10 am ET. The event can be accessed via the Events & Presentations page of our Investor Relations website. An online replay of the conference call will be available approximately three hours after the webcast. About Wheels UpWheels Up is a leading provider of on-demand private aviation in the
NEW YORK, Feb. 20, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced that it will release its fourth quarter 2023 financial results on Thursday, March 7, 2024. Management will provide a review of the quarter and business update in prepared remarks during a webcast at 10 am ET. The event can be accessed via the Events & Presentations page of our Investor Relations website. An online replay of the conference call will be available approximately three hours after the webcast. About Wheels UpWheels Up is a leading provider of on-demand private aviation in t
NEW YORK, July 20, 2023 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP), the leading brand in private aviation, today announced that it will release its second quarter 2023 financial results on Wednesday, August 9, 2023. Management will host a conference call at 10 am ET to discuss the results. The event will be webcast live and can be accessed via the Events & Presentations page of our Investor Relations website. An online replay of the conference call will be available approximately three hours after the conference call. About Wheels Up Wheels Up is a leading provider o
Industry-leading flight management system enhances Portside's portfolio of technology solutions for global operators SAN FRANCISCO, July 6, 2023 /PRNewswire/ -- Portside, a leading innovator in technology and software solutions for business and government aviation, today announced it has reached an agreement with Wheels Up's affiliate Avianis Systems, LLC, on a license to market, service and develop the Avianis fleet management system. The agreement extends Portside's suite of integrated, cloud-based software solutions for business aviation operators across the globe. "We are
Board member Ravi Thakran named Executive Chairman; CFO Todd Smith named Interim CEO Flight program changes to benefit members and strengthen path to profitability NEW YORK, May 9, 2023 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced financial results for the first quarter, which ended March 31, 2023. First Quarter 2023 Highlights Revenue increased $26 million year-over-year to $352 million, a first quarter record Active Members decreased 1% year-over-year to 12,285 in totalLive Flight Legs decreased 13% year-over-year to 15,389 in totalNet loss increased $
NEW YORK, April 18, 2023 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP), a leading provider of on-demand private aviation, today announced that it will release its first quarter 2023 financial results before the market opens on Tuesday, May 9, 2023. Management will host a conference call at 10:00 am ET to discuss the results. On Wednesday, May 10, 2023, Todd Smith, CFO, will participate in a fireside chat at the Goldman Sachs Industrials & Materials Conference at 2:30 pm ET. The events will be webcast live and can be accessed via the Events & Presentations page of our Inv
Leveraging strong foundation for future profitability and growth NEW YORK, March 9, 2023 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced financial results for the fourth quarter, which ended December 31, 2022. Fourth Quarter 2022 Highlights Revenue increased 18% year-over-year to $408 millionActive Members increased 5% year-over-year to 12,661 in totalLive Flight Legs decreased 5% year-over-year to 19,308 in totalNet loss increased $162 million year-over-year, primarily driven by a non-cash impairment charge of $132 million, to $239 millionAdjusted EBITDA i
NEW YORK, Feb. 16, 2023 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP), the leading brand in private aviation, today announced that it will release its fourth quarter 2022 financial results before the market opens on Thursday, March 9, 2023. Management will host a conference call at 10:00 am ET to discuss the results. The event will be webcast live and can be accessed via the Events and Presentations page of our Investor Relations website. An online replay of the conference call will be available approximately three hours after the conference call. About Wheels UpWheels U
Continued focus on delivering Adjusted EBITDA profitability in 2024 through cost reductions, streamlined organizational structure, and accelerated digital transformation NEW YORK, Nov. 9, 2022 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced financial results for the third quarter, which ended September 30, 2022. Third Quarter 2022 Highlights Revenue increased 39% year-over-year to $420.4 millionActive Members grew 12% year-over-year to 12,688 in totalLive Flight Legs increased 7% year-over-year to 21,025 in totalNet loss increased by $27.4 million year-over
U.S. stock futures were lower this morning, with the Nasdaq futures dipping around 200 points on Wednesday. Shares of Tesla, Inc. (NASDAQ:TSLA) fell sharply in today's pre-market trading following second-quarter results. Tesla reported second-quarter revenue of $25.5 billion, up 2% year-over-year. The revenue total beat a Street consensus estimate of $24.73 billion, according to data from Benzinga Pro. The company reported earnings per share of 52 cents in the second quarter, down 43% year-over-year. The earnings per share missed a Street consensus estimate of 62 cents per share. The company reported second-quarter deliveries of 443,956 vehicles and production of 410,831 vehicles, d
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U.S. stocks were higher, with the Nasdaq Composite gaining around 100 points on Tuesday. Shares of Tesla, Inc. (NASDAQ:TSLA) rose sharply in today's session after the company reported second-quarter production and delivery figures. Texas-based Tesla reported second-quarter deliveries that declined from a year ago, although improving from the first quarter. Tesla shares jumped 8.6% to $227.82 on Tuesday. Here are some other big stocks recording gains in today’s session. Wheels Up Experience Inc. (NYSE:UP) shares jumped 46.3% to $3.25 despite a lack of company announcements from the session. The company last week announced a new streamline product portfolio in connection with D
Wheels Up Experience Inc (NYSE:UP) shares are surging despite a lack of company announcements from the session. The company last week announced a new streamline product portfolio in connection with Delta Air Lines Inc (NYSE:DAL), a strategic partner of the on-demand private aviation company. What Happened: Wheels Up said it worked with Delta Air Lines to be able provide a new product model that offers even greater levels of flexibility for travelers. “We are introducing the marketplace to a new way of flying private, one that further delivers choice to customers and adds to the value of Wheels Up’s premium travel experience by capitalizing on our global aviation network, competitive pr