Wheels Up Experience Inc. (UP)

NYSE: UP · IEX Real-Time Price · USD
1.83
-0.10 (-5.18%)
At close: Dec 7, 2023, 4:00 PM
1.91
+0.08 (4.37%)
After-hours: Dec 7, 2023, 7:42 PM EST
-5.18%
Market Cap 1.30B
Revenue (ttm) 1.42B
Net Income (ttm) -631.18M
Shares Out 696.77M
EPS (ttm) -22.89
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 343,018
Open 1.96
Previous Close 1.93
Day's Range 1.82 - 1.96
52-Week Range 0.98 - 15.70
Beta 2.10
Analysts Hold
Price Target 25.50 (+1,293.44%)
Earnings Date Nov 9, 2023

About UP

Wheels Up Experience Inc. provides private aviation services in the United States. The company offers membership programs, charter, aircraft management, whole aircraft sales, and commercial travel services. It also provides freight, safety, and security solutions, as well as managed services. The company serves individuals, industry, government, and civil organizations. It operates a fleet of approximately 1,500 aircraft. The company was founded in 2013 and is headquartered in New York, New York. [Read more]

Sector Industrials
Founded 2013
Employees 3,005
Stock Exchange NYSE
Ticker Symbol UP
Full Company Profile

Financial Performance

In 2022, UP's revenue was $1.58 billion, an increase of 32.28% compared to the previous year's $1.19 billion. Losses were -$555.16 million, 192.2% more than in 2021.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for UP stock is "Hold." The 12-month stock price forecast is $25.5, which is an increase of 1,293.44% from the latest price.

Price Target
$25.5
(1,293.44% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Wheels Up Finalizes New Investment with Kore Capital and Whitebox Advisors

The additional $40 million investment is expected to provide additional financial stability and working capital to execute our plans for future, profitable growth  NEW YORK , Nov. 16, 2023 /PRNewswire...

21 days ago - PRNewsWire

Wheels Up Third Quarter Earnings Webcast Impacted by Vendor Technical Issues

NEW YORK , Nov. 9, 2023 /PRNewswire/ -- Due to a vendor issue beyond our control, today's live webcast was not accessible for listeners.  The event replay is now accessible via the Events & Presentati...

4 weeks ago - PRNewsWire

Wheels Up Reports Third Quarter Results

New investment and deeper alignment with Delta underscore company's improving position NEW YORK , Nov. 9, 2023 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced financial results for...

4 weeks ago - PRNewsWire

Wheels Up Creates SMB Private Jet Membership in Bid for Recurring Revenue

As more businesses take on a monthly subscription model to offer their services, even private jets are getting the membership treatment, with Wheels Up bringing more corporate customers into the fold....

5 weeks ago - PYMNTS

Wheels Up Announces New Corporate Member Program, Up for Business, Designed for Small and Medium-Sized Enterprises

New program designed for businesses that spend at least $250,000 in private travel services and recognize the value of business aviation as a tool to enhance efficiency and productivity Up for Busines...

5 weeks ago - PRNewsWire

Wheels Up Announces Date of Third Quarter 2023 Earnings Release and Webcast

NEW YORK , Oct. 19, 2023 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced that it will release its third quarter 2023 financial results on Thursday, November 9, 2023. Management wi...

7 weeks ago - PRNewsWire

Wheels Up Finalizes New Investment with Delta, Certares, Knighthead and Cox

The $500 million credit facility is expected to provide financial stability and serve as a strategic platform for future profitable growth Also, announces new Board of Directors structure NEW YORK , S...

2 months ago - PRNewsWire

Wheels Up Appoints George N. Mattson as CEO

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 t...

3 months ago - PRNewsWire

Why Delta Air Lines Might Later Regret Its Bailout Of Wheels Up

Delta and its investing partners came to the rescue of struggling private air travel provider Wheels Up. Whether that's in Delta shareholders' best interest shall be seen

Other symbols: DAL
3 months ago - Forbes

Wheels Up Gets Mulligan With Eleventh Hour Funding

As cash burn continued and concerns escalated on Wheels Up's ability to continue as a going concern, shareholder Delta Air Lines and its investing affiliates came to the rescue with up to U.S. $500M i...

4 months ago - Forbes

Wheels Up offers 95% of its stock to lenders for $500 million lifeline

Wheels Up Experience, a company that charters private jets, announced a deal to give up nearly all of its stock to a trio of lending partners in exchange for a $500 million lifeline.

4 months ago - Fox Business

Wheels Up Reports Second Quarter Results

Results highlight operating progress of recent initiatives NEW YORK , Aug. 14, 2023 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced financial results for the second quarter, which ...

4 months ago - PRNewsWire

Wheels Up stock price forecast: Hopes lost, crash landing ahead

Wheels Up Experience (NASDAQ: UP) stock price has faced significant turbulence as the company's cash dwindles. The shares tanked by more than 16% on Thursday after it disclosed that it was running out...

4 months ago - Invezz

Wheels Up Left With Few Options To Fly Out Of Financial Turbulence

Without ever making a profit, private aircraft travel company Wheels Up (WUP) now warns of substantial doubt about its ability to continue operations

4 months ago - Forbes

Private jet operator Wheels Up warns of 'substantial doubt' over its survival despite cash from Delta

Private jet operator Wheels Up received a cash infusion from investor Delta Air Lines Wednesday after warning of "substantial doubt" about continuing operations.

4 months ago - Fox Business

Jet charter firm Wheels Up says Delta funding may not be enough

Wheels Up Experience said on Wednesday there was "substantial doubt" about its ability to continue operations, even as it received short-term funding from Delta Air Lines.

Other symbols: DAL
4 months ago - Reuters

Wheels Up Pursuing Strategic Options

NEW YORK , Aug. 9, 2023 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) is actively involved in discussions around strategic business partnerships for the company and today announced that Delta A...

4 months ago - PRNewsWire

Wheels Up Announces Date of Second Quarter 2023 Earnings Release and Conference Call

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 ...

5 months ago - PRNewsWire

Top 4 Industrials Stocks That Are Preparing To Pump In Q3 - Micromobility com (NASDAQ:MCOM), C3is (NASDAQ:CISS)

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Other symbols: CISSMCOMSOS
5 months ago - Benzinga

Portside Acquires Licensing Rights for Avianis from Wheels Up

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 techn...

5 months ago - PRNewsWire

Top 5 Industrials Stocks That Could Blast Off This Quarter - Dragonfly Energy Hldgs (NASDAQ:DFLI), Nxu (NASDAQ:NXU)

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Other symbols: DFLINXUSOSUAVS
5 months ago - Benzinga

NYSE to Commence Delisting Proceedings with Respect to the Warrants of Wheels Up Experience Inc. (UP WS)

NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the redeemable warran...

5 months ago - Business Wire

Wheels Up Stock Plummets, Hires Restructuring Lawyers

Wheels Up Experience shares have taken a significant hit, dropping by 60.38% in value to close Thursday (June 22) at $1.24 a share due to the recent hiring of restructuring lawyers, which has sparked ...

5 months ago - PYMNTS

Wheels Up Provides Update on Market Speculation

NEW YORK , June 22, 2023 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today issued the following statement regarding speculation following public reports that it has retained new strategic adv...

6 months ago - PRNewsWire

FINAL DEADLINE TODAY: The Schall Law Firm Encourages Investors in Wheels Up Experience Inc. with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / June 20, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Wheels Up Experience Inc. ("Wheel...

6 months ago - Accesswire