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.

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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.

Partnership will offer additional benefits for Wheels Up members and their families nearly anywhere they travel NEW YORK , Nov. 22, 2022 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP), a leading provider of on-demand private aviation in the United States, and AirMed, a global leader in medical transport, today announced a partnership to bring an array of medical-travel services to Wheels Up members and their families. Wheels Up will become AirMed's exclusive aviation partner and will introduce an all-new membership tier with an enhanced product from AirMed that will cover members – and up to 11 additional designated travelers – in the event they require medical consultation or air medical transport while traveling.

Wheels Up and AirMed Announce Global Partnership to Offer Industry-Leading Suite of Medical-Travel Services to Members

NEW YORK , Nov. 16, 2022 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP), the leading brand in private aviation, today announced that executive management will present in person at the Credit Suisse 26th Annual Technology Conference in Scottsdale, AZ on Wednesday November 30, 2022 at 6:25 PM ET and at the Raymond James 2022 Technology Investors Conference in New York, NY on Wednesday, December 7, 2022 at 8:35 AM ET. The events will be webcast live and can be accessed via the Events & Presentations page of our Investor Relations website.

Wheels Up to Present at Upcoming Investor Conferences

Wheels Up Experience Inc. (NYSE:UP ) Q3 2022 Earnings Conference Call November 9, 2022 4:30 PM ET Company Participants Keith Ferguson - Investor Relations Kenny Dichter - Chairman and CEO Todd Smith - Chief Financial Officer Conference Call Participants Sheila Kahyaoglu - Jefferies Operator Hello, everyone, and thank you for joining Wheels Up Q3 2022 Earnings Call. My name is Darius and I'll be the operator for today.

Wheels Up Experience Inc. (UP) Q3 2022 Earnings Call Transcript

Wheels Up Experience Inc. (UP) delivered earnings and revenue surprises of 3.85% and 9.40%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Wheels Up Experience Inc. (UP) Reports Q3 Loss, Tops Revenue Estimates

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 million Active Members grew 12% year-over-year to 12,688 in total Live Flight Legs increased 7% year-over-year to 21,025 in total Net loss increased by $27.4 million year-over-year to a net loss of $86.8 million Adjusted EBITDA decreased by $21.3 million year-over-year to a loss of $45.2 million "Our strong foundation, with an iconic brand and large base of loyal customers, helped drive another record revenue performance in the third quarter, further reinforcing the strength of our demand, even in this uncertain macroeconomic environment," said Chairman and CEO Kenny Dichter.

Wheels Up Announces Record Third Quarter Revenue Up 39% Year-over-Year

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A financing update makes investors bullish on the private air charter operator.

Why Wheels Up Experience Stock Soared Higher Today

Announces Date of Third Quarter 2022 Earnings call NEW YORK , Oct. 17, 2022 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP), the leading brand in private aviation, today announced that its subsidiary, Wheels Up Partners LLC, has issued equipment notes in the aggregate principal amount of $270 million through an EETC (Enhanced Equipment Trust Certificates) loan structure. The sale and issuance of the equipment notes provides approximately $259 million of net proceeds (exclusive of transaction expenses) for Wheels Up.

Wheels Up Announces New Financing to Support Investments In Operations, Technology and Member Experience

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NEW YORK , Aug. 30, 2022 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP), the leading brand in private aviation, today announced that Todd Smith, chief financial officer, and Lee Applbaum, chief marketing officer, will present in person at the Raymond James Consumer Conference on Thursday, September 15, 2022 at 10:55 am ET. The events will be webcast live and can be accessed via the Events & Presentations page of our Investor Relations website.

Wheels Up to Present at Raymond James Consumer Conference

Following earnings, we continue to believe that Wheels Up is a strong medium-term idea for a risk-tolerant portfolio. Company leadership and recent initiatives continue to make us bullish.

Wheels Up Earnings Take Off

Wheels Up Experience Inc. (NYSE:UP ) Q2 2022 Earnings Conference Call August 11, 2022 4:30 PM ET Company Participants Keith Ferguson - Investor Relations Kenny Dichter - Chairman and CEO Vinayak Hegde - President Todd Smith - Chief Financial Officer Conference Call Participants Sheila Kahyaoglu - Jefferies Michael Bellisario - Baird Aaron Kessler - Raymond James Gary Prestopino - Barrington Research Marvin Fong - BTIG Noah Poponak - Goldman Sachs Tyler Seidman - Credit Suisse Operator Welcome. My name is Britta, and I will be your conference operator today.

Wheels Up Experience Inc.'s (UP) CEO Kenny Dichter on Q2 2022 Results - Earnings Call Transcript

Technology investments & operational focus expected to drive Adjusted EBITDA profitability in 2024 NEW YORK , Aug. 11, 2022 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced financial results for the second quarter, which ended June 30, 2022. Second Quarter 2022 Highlights Revenue increased 49% year-over-year to $425.5 million Strong demand with prepaid block sales up 187% year-over-year Active Members grew 20% year-over-year to 12,667 in total Live Flight Legs increased 19% year-over-year to 21,705 in total Net loss increased by $63.8 million year-over-year to a net loss of $92.8 million Adjusted EBITDA decreased by $38.4 million year-over-year to a loss of $46.9 million "Our strong market position and iconic brand helped drive record revenue in the second quarter, and another quarter of growth in prepaid blocks speaks both to the steadfast loyalty of our member base, and the continued consumer demand for private aviation," said Chairman and CEO Kenny Dichter.

Wheels Up Announces Record Second Quarter Revenue Up 49% Year-over-Year

Travel hiccups continue to make private aviation appealing. Wheels Up has a high level of brand recognition that will appeal to investors and travelers alike.

Wheels Up Set To Take Flight

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NEW YORK , July 19, 2022 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP), the leading brand in private aviation, today announced that it will release its second quarter 2022 financial results after the market closes on Thursday, August 11, 2022. Management will host a conference call at 4:30 pm ET to discuss the results.

Wheels Up Announces Date of Second Quarter 2022 Earnings Release and Conference Call

NEW YORK , July 1, 2022 /PRNewswire/ -- On July 1, 2022, Wheels Up Experience Inc. (NYSE: UP) made a grant to Todd Smith of 2,051,282 restricted stock units in respect of the company's Class A common stock ("RSUs"). The grant of RSUs was offered as a material inducement to Mr.

Wheels Up Announces Inducement Grant Under New York Stock Exchange Rule 303A.08

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Partnership with the world's leader in electric vehicle rentals marks Wheels Up's continued commitment to carbon reduction, sustainability NEW YORK , June 28, 2022 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP), the leading brand in private aviation, and Hertz (NASDAQ: HTZ) announced a new strategic partnership to give Wheels Up members access to Hertz's industry-leading electric vehicle offerings and new, premium benefits. Wheels Up members have access to a variety of high-end vehicles, including Tesla and Polestar models from the largest rental fleet of electric vehicles in North America.

Going Green: Wheels Up and Hertz Partner to Offer New Electric Vehicle Options

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Finance veteran joins to help build the future of private travel NEW YORK , June 23, 2022 /PRNewswire/ -- Wheels Up Experience (NYSE: UP) today announced it has hired Todd Smith as its new Chief Financial Officer, effective June 30, 2022. Smith joins from General Electric where he served in a number of senior, global Finance roles over his 25-year career – most recently as Global Head of Financial Planning and Analysis and CFO for GE Corporate.

Wheels Up names Todd Smith Chief Financial Officer

An analyst's fresh buy rating for the private jet charter company sent its stock higher.

Why Wheels Up Stock Is Soaring Today

Investors got the growth they were looking for.

Why Shares of Wheels Up Experience Are Flying High Today

Wheels Up Experience Inc. (NYSE:UP ) Q1 2022 Earnings Conference Call May 12, 2022 4:30 PM ET Company Participants Keith Ferguson - Investor Relations Kenneth Dichter - Founder, Chief Executive Officer & Chairman Vinayak Hegde - President Conference Call Participants Operator Hello, and welcome to the Wheels up Experiences First Quarter 2022 Earnings Conference Call. My name is Harry and I'll be your operator today.

Wheels Up Experience Inc. (UP) CEO Kenneth Dichter on Q1 2022 Results - Earnings Call Transcript

Strong demand with prepaid block sales up 153% year-over-year Technology and operating initiatives progressing to drive long-term profitability NEW YORK ,  May 12, 2022 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced financial results for the first quarter, which ended March 31, 2022. First Quarter 2022 Highlights Revenue increased 24% year-over-year to $325.6 million Active Members grew 26% year-over-year to 12,424 in total Live Flight Legs increased 15% year-over-year to 17,626 in total Net loss increased by $56.8 million year-over-year to a net loss of $89.0 million Adjusted EBITDA decreased by $40.8 million year-over-year to a loss of $49.4 million "The record first quarter revenue is a testament to the company's unique market position and iconic brand as an innovator in a supply-constrained market.

Wheels Up Announces Record Revenue for First Quarter 2022

NEW YORK , April 27, 2022 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP), the leading brand in private aviation, today announced that Kenny Dichter, chairman & CEO; Vinayak Hegde, president, and Eric Jacobs, chief financial officer will present virtually at the 17th Annual Needham Technology & Media Conference on Monday, May 16, 2022 at 11 a.m., ET. The event will be webcast live and can be accessed via the Events & Presentations page of our Investor Relations website.

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