Wheels Up Experience (NYSE:UP) Posts 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. The firm had revenue of $183.84 million for the quarter.

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 Performance

NYSE UP opened at $0.61 on Friday. Wheels Up Experience has a one year low of $0.56 and a one year high of $3.50. The company has a 50-day simple moving average of $0.72 and a 200-day simple moving average of $1.31. The firm has a market capitalization of $440.96 million, a PE ratio of -1.45 and a beta of 2.34.

Hedge Funds Weigh In On Wheels Up Experience

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wall Street Zen lowered shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Wheels Up Experience in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Wheels Up Experience currently has an average rating of “Sell”.

About Wheels Up Experience

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.