Wheels Up Reports Fourth Quarter Results [Yahoo! Finance]
Wheels Up Experience Inc. Class A (UP)
Company Research
Source: Yahoo! Finance
NEW YORK March 7, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced financial results for the fourth quarter, which ended December 31, 2023 Fourth Quarter 2023 Highlights Total Revenue decreased $162 million year-over-year to $246 million , partially due to the divestiture of the Aircraft Management business Adjusted Contribution decreased $16 million year-over-year to $3 million Net loss decreased year-over-year to $81 million , due primarily to the absence of a goodwill impairment charge in the current quarter Adjusted EBITDA improved $6 million year-over-year to a loss of $38 million "In our first full quarter since the strategic investment, we have made strong progress on a number of key fronts. Operationally, we continue to drive performance and strengthen our team. Commercially, we are rebuilding our sales pipeline, restoring customer confidence, and are seeing strong momentum in our joint efforts with the Delta sales teams," said George Matts
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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