Industrials - Airlines, Airports & Air Services - NYSE - US
$ 2.0
-0.497 %
$ 1.4 B
Market Cap
0.24
P/E
Wheels Up Experience Inc. provides private aviation services primarily in the United States. The company offers a suite of products and services, which include multi-tiered membership programs, on-demand flights across various private aircraft cabin categories, aircraft management, retail and wholesale charter, whole aircraft acquisitions and sales, corporate flight solutions, special missions, signature events and experiences, and commercial travel. It operates a fleet of approximately 1,500 aircraft. The company was founded in 2013 and is headquartered in New York, New York.[ Read More ]
The intrinsic value of one UP stock under the base case scenario is HIDDEN Compared to the current market price of 2 USD, Wheels Up Experience Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart UP
FINANCIALS
1.25 B
REVENUE
-444 M
OPERATING INCOME
-487 M
NET INCOME
-665 M
OPERATING CASH FLOW
40.9 M
INVESTING CASH FLOW
301 M
FINANCING CASH FLOW
194 M
REVENUE
-41.9 M
OPERATING INCOME
-57.7 M
NET INCOME
-15.5 M
OPERATING CASH FLOW
2.08 M
INVESTING CASH FLOW
-11.8 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Wheels Up Experience Inc.
| Current Assets | 434 M |
| Cash & Short-Term Investments | 264 M |
| Receivables | 49.8 M |
| Other Current Assets | 120 M |
| Non-Current Assets | 882 M |
| Long-Term Investments | 0 |
| PP&E | 407 M |
| Other Non-Current Assets | 475 M |
| Current Liabilities | 908 M |
| Accounts Payable | 33 M |
| Short-Term Debt | 69.7 M |
| Other Current Liabilities | 805 M |
| Non-Current Liabilities | 309 M |
| Long-Term Debt | 290 M |
| Other Non-Current Liabilities | 18.7 M |
EFFICIENCY
Earnings Waterfall
Wheels Up Experience Inc.
| Revenue | 1.25 B |
| Cost Of Revenue | 1.29 B |
| Gross Profit | -37.7 M |
| Operating Expenses | 464 M |
| Operating Income | -444 M |
| Other Expenses | 43.8 M |
| Net Income | -487 M |
RATIOS
-3.01%
GROSS MARGIN
-35.39%
OPERATING MARGIN
-38.89%
NET MARGIN
-500.41%
ROE
-37.03%
ROA
-117.26%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Wheels Up Experience Inc.
| Net Income | -487 M |
| Depreciation & Amortization | 58.5 M |
| Capital Expenditures | -36.7 M |
| Stock-Based Compensation | 25.6 M |
| Change in Working Capital | -396 M |
| Others | -297 M |
| Free Cash Flow | -702 M |
Wall Street Analysts Price Targets
Wheels Up Experience Inc.
UP has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Wheels Up Experience Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
86.3 K USD 2
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
19.8 K USD 1
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
8 months ago
Mar 13, 2024
|
Sell 72.2 K USD
|
Heltebran Laura
Chief Legal Officer |
- 28413
|
2.54 USD |
|
8 months ago
Mar 13, 2024
|
Sell 14.1 K USD
|
Briffa Mark
EVP, Charter & CEO Air Partner |
- 5589
|
2.52 USD |
|
1 year ago
Nov 15, 2023
|
Bought 19.8 K USD
|
CK Wheels LLC
10 percent owner |
+ 197606206
|
0.0001 USD |
|
1 year ago
Sep 13, 2023
|
Sell 36.1 K USD
|
Briffa Mark
Chief Commercial Officer |
- 9904
|
3.64 USD |
|
1 year ago
Jan 03, 2023
|
Sell 284 K USD
|
Smith Todd Lamar
Chief Financial Officer |
- 273504
|
1.038 USD |
|
1 year ago
Dec 15, 2022
|
Bought 171 K USD
|
Dichter Kenneth H
Chief Executive Officer |
+ 152327
|
1.1253 USD |
|
1 year ago
Dec 14, 2022
|
Bought 284 K USD
|
Dichter Kenneth H
Chief Executive Officer |
+ 247673
|
1.1474 USD |
|
2 years ago
Nov 07, 2022
|
Sell 15.1 K USD
|
Hegde Vinayak
President |
- 9592
|
1.5787 USD |
|
2 years ago
Sep 19, 2022
|
Sell 32.2 K USD
|
Hegde Vinayak
President |
- 21561
|
1.4922 USD |
|
2 years ago
Jun 01, 2022
|
Bought 649 K USD
|
Adelman David J.
director: |
+ 250000
|
2.5953 USD |
|
2 years ago
Mar 14, 2022
|
Bought 620 K USD
|
Adelman David J.
director: |
+ 200000
|
3.099 USD |
|
3 years ago
Nov 18, 2021
|
Bought 490 K USD
|
Adelman David J.
Director |
+ 100000
|
4.9 USD |
|
3 years ago
Nov 16, 2021
|
Bought 556 K USD
|
Adelman David J.
Director |
+ 100000
|
5.56 USD |
|
3 years ago
Nov 15, 2021
|
Bought 600 K USD
|
Adelman David J.
Director |
+ 100000
|
6 USD |
|
3 years ago
Sep 01, 2021
|
Bought 68.5 K USD
|
Armstrong Timothy M
Director |
+ 9000
|
7.61 USD |
|
3 years ago
Sep 01, 2021
|
Bought 754 K USD
|
Adelman David J.
Director |
+ 100000
|
7.54 USD |
|
3 years ago
Jul 13, 2021
|
Bought 0 USD
|
Radecki Brian J
Director |
+ 50000
|
0 USD |
|
3 years ago
Jul 13, 2021
|
Bought 500 K USD
|
Cheung Chih T
Director |
+ 50000
|
10 USD |
|
3 years ago
Jul 13, 2021
|
Bought 250 K USD
|
Armstrong Timothy M
Director |
+ 25000
|
10 USD |
7. News
Wheels Up Secures $332 Million Revolving Financing Facility and Completes Acquisition of 17 Phenom 300 Series Aircraft
New Bank of America-led facility, with Delta Air Lines credit support, provides growth flexibility as Wheels Up expands its fleet with GrandView Aviation assets to enhance customer experience ATLANTA , Nov. 14, 2024 /PRNewswire/ -- On November 13, 2024, Wheels Up Experience Inc. (NYSE: UP ) closed its new $332 million revolving equipment notes facility with Bank of America, and completed the acquisition of GrandView Aviation's fleet of 17 Embraer Phenom 300 and Phenom 300E aircraft, and related maintenance assets and customer programs. The closings mark a major step forward for Wheels Up's strategic growth goals, aimed at delivering an elevated and reliable experience for its customers.
prnewswire.com
- 3 days ago
Wheels Up Experience Inc. (UP) Q3 2024 Earnings Call Transcript
Wheels Up Experience Inc. (NYSE:UP ) Q3 2024 Results Conference Call November 7, 2024 10:00 AM ET Company Participants Keith Ferguson - Investor Relations George Mattson - Chief Executive Officer Eric Cabezas - Interim Chief Financial Officer Operator Welcome to Wheels Up's Third Quarter 2024 Earnings Conference Webcast. It is my pleasure to introduce Keith Ferguson.
seekingalpha.com
- 1 week ago
Wheels Up Reports Third Quarter Results
Improvement in financial performance driven by operating initiatives over past year Fleet modernization plan represents next phase of strategic journey to profitability New credit facility expected to strengthen balance sheet; credit support from Delta Air Lines underscores commitment to strategic partnership ATLANTA , Nov. 7, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced financial results for the third quarter, which ended September 30, 2024. Third Quarter 2024 Highlights 1 Revenue was $194 million, stabilizing at levels consistent with the first and second quarters of 2024, though down year over year due primarily to the sale of non-core businesses and focus on profitable flying Adjusted Contribution Margin was 14.8%, the highest as a public company, and an increase of 380 basis points year over year and 700 basis points sequentially Net loss was $58 million for the quarter, an improvement of $87 million year over year and $39 million sequentially Adjusted EBITDA loss was $20 million, an improvement of $17 million sequentially and slightly worse year over year on lower revenues Net cash used in operating activities improved to an outflow of $15 million, a 94% improvement versus $250 million last year "After seven consecutive quarters of revenue contraction leading into 2024, the intentional improvements we have made to our business over the last year have stabilized our top line, expanded margins to record levels, and positioned us for growth," said George Mattson, Chief Executive Officer.
prnewswire.com
- 1 week ago
Wheels Up Announces Fleet Modernization Strategy and Associated Transactions
Wheels Up to transition its current jet fleets to Phenom 300 Series and Challenger 300 Series aircraft Entered into agreement to acquire GrandView Aviation's entire fleet of 17 Phenom 300 and Phenom 300E aircraft Entered into agreement to sell entire owned fleet of super mid Citation X aircraft and lease for a limited period in preparation for transition to Challenger fleet New fleet to be outfitted with best-in-class Gogo Galileo HDX satellite-based WiFi Committed financing to be provided by Bank of America, with credit support from Delta Air Lines ATLANTA , Oct. 22, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced a series of major aircraft, commercial and financing transactions that lay the foundation for the company's fleet modernization strategy. Upon closing, the transactions will initiate the transition of Wheels Up's four existing jet aircraft types to two of the most preferred and successful aircraft types in the industry – Embraer's Phenom 300 and Phenom 300E aircraft and Bombardier's Challenger 300 and Challenger 350 aircraft.
prnewswire.com
- 3 weeks ago
Wheels Up Announces Date of Third Quarter 2024 Earnings Release and Webcast
ATLANTA , Oct. 17, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced that it will release its third quarter 2024 financial results on Thursday, November 7, 2024. Management will provide a review of the quarter and business update in prepared remarks during a webcast at 10 am ET.
prnewswire.com
- 1 month ago
Wheels Up Appoints Meaghan Wells as EVP of Enterprise Planning and Strategy
Wells to lead Wheels Up's enterprise planning, fleet and corporate strategy, corporate development and commercial partnerships, leveraging her years of industry experience ATLANTA , Oct. 8, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced Meaghan Wells as its new EVP of Enterprise Planning and Strategy, to lead the development of the company's long-term growth strategy and further cement Wheels Up's position as a leader in global aviation solutions. Wells has a dynamic background and experience, specializing in driving growth and securing capital for rapidly scaling organizations.
prnewswire.com
- 1 month ago
Wheels Up Announces Investors Agree to One-Year Lock-Up Extension
Approximately 97.2% of lead investor shares will remain subject to the lock-up restriction until September 20, 2025 ATLANTA , Sept. 23, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced that lead investors, Delta Air Lines, Inc., CK Wheels LLC, and Cox Investment Holdings, LLC, agreed to extend the lock-up restriction with respect to all their shares of common stock issued under the Investment and Investor Rights Agreement, for an additional year, until September 20, 2025.
prnewswire.com
- 1 month ago
Wheels Up Announces Executive Leadership Transitions
Chief Financial Officer Todd Smith and Chief Legal Officer Laura Heltebran to depart Matthew Knopf to join as Chief Legal Officer and Secretary, with Eric Cabezas acting as interim Chief Financial Officer ATLANTA , Aug. 21, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced two transitions on its executive leadership team, as Chief Financial Officer Todd Smith will be leaving the company for a new role, and Chief Legal Officer Laura Heltebran will be departing to pursue other opportunities. Starting September 9, Matthew Knopf will be joining Wheels Up as Chief Legal Officer and Secretary, with Eric Cabezas acting as interim Chief Financial Officer while a search is conducted for Smith's replacement.
prnewswire.com
- 2 months ago
Wheels Up Experience: High Risk, High Reward; Catalysts Are In Place For Rebound (Rating Upgrade)
Shares of Wheels Up erased recent gains after reporting Q2 results. The company has simplified its customer offering, while also adding new flier perks with Delta that may help to turn around membership trends. Margins have improved and losses are slimming as the company focuses its flight routes on a more profitable core, which better utilizes its maintenance and repair facilities.
seekingalpha.com
- 3 months ago
Wheels Up Experience Inc. (UP) Q2 2024 Earnings Call Transcript
Wheels Up Experience Inc. (NYSE:UP ) Q2 2024 Earnings Call August 8, 2024 10:00 AM ET Company Participants Keith Ferguson - Investor Relations George Mattson - Chief Executive Officer Todd Smith - Chief Financial Officer Operator Hello, everyone, and welcome to today's Wheels Up Second Quarter 2024 Earnings Webcast. I will now hand the line over to Keith Ferguson to begin.
seekingalpha.com
- 3 months ago
Wheels Up Reports Second Quarter Results
Strong operational performance and increased efficiencies contribute to sequential margin and profitability improvement ATLANTA , Aug. 8, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced financial results for the second quarter, which ended June 30, 2024. Second Quarter 2024 Highlights Revenue decreased to $196 million, driven by the divestiture of non-core assets and our focus on more profitable flying Adjusted Contribution Margin increased year over year to 7.8% Net loss improved year-over-year to $97 million Adjusted EBITDA improved year-over-year to a loss of $37 million "Over the past year, we've taken vital steps towards realizing our vision of building Wheels Up into a true innovator in private aviation.
prnewswire.com
- 3 months ago
Wheels Up Introduces Further Pricing, Savings, and Rewards Transparency Designed to Drive Value and Increase Flexibility for Travelers
Wheels Up's industry-leading mobile app and website will allow travelers to effectively explore dynamic rates across dates and routes while tracking savings and loyalty progress NEW YORK , July 23, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP), a global leader in private aviation, is pleased to announce further updates to its recently streamlined product portfolio. As of today, the company's enhanced mobile app and website will provide increased transparency, further solidifying Wheels Up as the most accessible way to fly private.
prnewswire.com
- 3 months ago
8. Profile Summary
Wheels Up Experience Inc. UP
COUNTRY
US
INDUSTRY
Airlines, Airports & Air Services
MARKET CAP
$ 1.4 B
Dividend Yield
0.00%
Description
Wheels Up Experience Inc. provides private aviation services primarily in the United States. The company offers a suite of products and services, which include multi-tiered membership programs, on-demand flights across various private aircraft cabin categories, aircraft management, retail and wholesale charter, whole aircraft acquisitions and sales, corporate flight solutions, special missions, signature events and experiences, and commercial travel. It operates a fleet of approximately 1,500 aircraft. The company was founded in 2013 and is headquartered in New York, New York.
Contact
601 West 26th Street, New York, NY, 10001
https://www.wheelsup.com
IPO Date
Nov. 18, 2020
Employees
2116
Officers
Mr. Mark Andrew Briffa
Executive Vice President of Charter & Chief Executive Officer of Air Partner
Mr. Matthew J. Knopf
Chief Legal Officer & Secretary
Mr. Brian Joseph Kedzior
Chief People Officer
Mr. Eric Cabezas CPA
Interim Chief Financial Officer
Mr. George Nathaniel Mattson
Chief Executive Officer & Director
Ms. Kristen Lauria
Chief Customer & Marketing Officer
Mr. David Holtz
Chief Operating Officer
Mr. David Reed Godsman
Chief Digital Officer
Ms. Julia Zhang
Senior Vice President of Pricing & Revenue Management
Mr. Patrick Busscher
Senior Vice President of Maintenance