Wheels Up Experience Inc. Reports Fourth Quarter Earnings Amidst Strategic Repositioning [Yahoo! Finance]
Wheels Up Experience Inc. Class A (UP)
Company Research
Source: Yahoo! Finance
Net Loss: Net loss improved, decreasing to $81 million compared to the previous year, largely due to the absence of a goodwill impairment charge. Adjusted EBITDA: Adjusted EBITDA loss improved by $5.6 million year-over-year to a loss of $38 million. Active Members: A 21% decrease in active members year-over-year, with a focus on more profitable flying and Core members. Operational Metrics: Live Flight Legs decreased by 26% year-over-year, while Flight revenue per Live Flight Leg remained consistent. Liquidity: Cash balance improved sequentially from the third quarter, with additional capital secured from investors. Warning! GuruFocus has detected 3 Warning Signs with UP. On March 7, 2024, Wheels Up Experience Inc ( NYSE:UP ) released its 8-K filing , detailing the financial results for the fourth quarter ended December 31, 2023. The company, a leading provider of on-demand private aviation in the U.S., is navigating through operational improvements and strategic repositio
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UP
News
- Wheels Up Announces Date of First Quarter 2024 Earnings Release and WebcastPR Newswire
- Wheels Up to Open State-of-the-Art Maintenance Facility at Palm Beach International AirportPR Newswire
- Wheels Up: Is It Safe To Climb Aboard? [Seeking Alpha]Seeking Alpha
- Wheels Up soars to top industrial gainer of week, logistics providers among losers [Seeking Alpha]Seeking Alpha
- Wheels Up Experience Inc. (NYSE:UP) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
UP
Earnings
- 11/9/23 - Miss
UP
Sec Filings
- 4/24/24 - Form ARS
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEF
- UP's page on the SEC website