Wheels Up Experience (NYSE:UP) Announces Earnings Results

Wheels Up Experience (NYSE:UP) released its quarterly earnings results on Thursday. The company reported ($0.03) earnings per share for the quarter, Zacks reports.

Here are the key takeaways from Wheels Up Experience’s conference call:

• Wheels Up is modernizing its on‑fleet jets—transitioning from Citations to Phenom 300s and Challenger 300/350s, ~40% complete and expected to finish by end‑2026 to reposition into a more premium, corporate‑focused offering.
• The company reported its first‑ever positive EBITDA this quarter; the membership fleet is generating ~19% contribution margin (≈3.5 pts headwind from the fleet transition) with a management target of 30%+ contribution margins as the transition completes.
• Scale is meaningful: membership revenue is ~$600 million and charter brokerage net revenue is ~$600 million (global charter business is profitable and growing), giving ~$1.2 billion in combined revenue exposure and global reach.
• The strategic, two‑way partnership with Delta (joint corporate sales to ~40,000 corporate customers, SkyMiles and digital integrations, and pilots for first/last‑mile solutions) is being used to unlock new private‑aviation demand and corporate adoption.
• Near‑term risks include margin pressure from the ongoing fleet transition and inflationary cost pressures (labor, parts, fuel); the company also remains levered with aircraft financing and a ~$390 million investor term loan and majority strategic ownership by Delta/PE investors, which could constrain liquidity or public float flexibility.

Wheels Up Experience Stock Down 11.6%

Shares of UP stock traded down $0.08 during trading on Thursday, reaching $0.62. The company’s stock had a trading volume of 2,522,424 shares, compared to its average volume of 6,321,941. The business has a fifty day moving average price of $0.72 and a 200-day moving average price of $1.32. Wheels Up Experience has a one year low of $0.56 and a one year high of $3.50. The company has a market cap of $448.18 million, a price-to-earnings ratio of -1.21 and a beta of 2.34.

Institutional Trading of Wheels Up Experience

A number of large investors have recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP acquired a new stake in Wheels Up Experience during the 2nd quarter valued at $25,000. Creative Planning bought a new position in shares of Wheels Up Experience during the second quarter worth approximately $25,000. Kestra Private Wealth Services LLC bought a new position in Wheels Up Experience during the 3rd quarter worth $25,000. Beck Mack & Oliver LLC acquired a new position in Wheels Up Experience in the second quarter valued at about $27,000. Finally, Engineers Gate Manager LP bought a new position in Wheels Up Experience in the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 98.20% of the company’s stock.

Wall Street Analysts Forecast Growth

UP has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Wheels Up Experience in a report on Wednesday, January 21st. Wall Street Zen lowered shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Wheels Up Experience Company Profile

Wheels Up Experience Inc is a membership-driven private aviation company that provides on-demand charter flights and flight card services to corporate clients and high-net-worth individuals. The company operates a combination of owned and managed aircraft, including turboprops and light to midsize jets, and supplements its fleet through a network of partner operators. Its digital platform allows members to book flights, manage itineraries and access empty-leg opportunities with real-time pricing and availability.

Through tiered membership programs, Wheels Up offers flexible access to private air travel without the long-term commitments typically associated with fractional ownership.