Wheels Up Experience Inc. (UP)

NYSE: UP · IEX Real-Time Price · USD
2.660
-0.080 (-2.92%)
Apr 18, 2024, 4:00 PM EDT - Market closed
-2.92%
Market Cap 1.85B
Revenue (ttm) 1.25B
Net Income (ttm) -487.39M
Shares Out 697.32M
EPS (ttm) -3.69
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 513,340
Open 2.750
Previous Close 2.740
Day's Range 2.580 - 2.750
52-Week Range 0.980 - 6.080
Beta 2.19
Analysts Hold
Price Target 28.50 (+971.43%)
Earnings Date May 7, 2024

About UP

Wheels Up Experience Inc. provides private aviation services in the United States and internationally. The company offers membership programs consisting of Connect that offers members variable dynamic pricing on a per trip basis and flexibility on their schedule; Core for private flyers; and UP for Business for small and medium enterprise, and large corporate customers for whom it is primary provider of private flights, as well as supplementary solution to their own aircraft operations. It also provides charter flight solutions for passenger gr... [Read more]

Sector Industrials
Founded 2013
Employees 2,206
Stock Exchange NYSE
Ticker Symbol UP
Full Company Profile

Financial Performance

In 2023, UP's revenue was $1.25 billion, a decrease of -20.66% compared to the previous year's $1.58 billion. Losses were -$487.39 million, -12.21% less than in 2022.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for UP stock is "Hold." The 12-month stock price forecast is $28.5, which is an increase of 971.43% from the latest price.

Price Target
$28.5
(971.43% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Wheels Up to Open State-of-the-Art Maintenance Facility at Palm Beach International Airport

Resource reallocation to areas of high flight demand to further drive operating and  cost efficiencies while continuing to elevate the member experience Wheels Up to partner with top external MRO prov...

21 hours ago - PRNewsWire

Wheels Up Announces Tom Klein to Join Board of Directors

Certares Executive Brings Global Strategic Focus and Deep Aviation, Travel and Hospitality Background NEW YORK , March 7, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced that...

6 weeks ago - PRNewsWire

Wheels Up Reports Fourth Quarter Results

Operational improvements and strategic repositioning continue to progress Cash balance up sequentially from third quarter NEW YORK , March 7, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) t...

6 weeks ago - PRNewsWire

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

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...

2 months ago - PRNewsWire

Wheels Up Enhances Operations Team with Industry Leading Experience

Leverages over 250 years of aviation experience as it continues to pursue operational excellence  NEW YORK , Feb. 5, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced several o...

2 months ago - PRNewsWire

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...

5 months 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...

5 months 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...

5 months 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....

6 months 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...

6 months 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...

6 months 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...

7 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...

7 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
8 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...

8 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.

8 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 ...

8 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...

8 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

9 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.

9 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
9 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...

9 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 ...

9 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
9 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...

10 months ago - PRNewsWire