Industrials -
Airlines, Airports & Air Services - NYSE - US
$ 1.005
-1.47 %
$ 702 M
Market Cap
-2.05
P/E
1. INTRINSIC VALUE
Balance Sheet
Wheels Up Experience Inc.
| Current Assets | 332 M |
| Cash & Short-Term Investments | 216 M |
| Receivables | 33.5 M |
| Other Current Assets | 82.1 M |
| Non-Current Assets | 826 M |
| Long-Term Investments | 0 |
| PP&E | 405 M |
| Other Non-Current Assets | 421 M |
| Current Liabilities | 917 M |
| Accounts Payable | 30 M |
| Short-Term Debt | 45.7 M |
| Other Current Liabilities | 842 M |
| Non-Current Liabilities | 437 M |
| Long-Term Debt | 50.8 M |
| Other Non-Current Liabilities | 386 M |
EFFICIENCY
Earnings Waterfall
Wheels Up Experience Inc.
| Revenue | 792 M |
| Cost Of Revenue | 733 M |
| Gross Profit | 59 M |
| Operating Expenses | 318 M |
| Operating Income | -259 M |
| Other Expenses | 80.8 M |
| Net Income | -340 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Wheels Up Experience Inc.
| Net Income | -340 M |
| Depreciation & Amortization | 56.5 M |
| Capital Expenditures | -123 M |
| Stock-Based Compensation | 46 M |
| Change in Working Capital | 84 M |
| Others | 147 M |
| Free Cash Flow | -201 M |
Wall Street Analysts Price Targets
Wheels Up Experience Inc.
UP has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
UP does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
Wheels Up Experience Inc.
Sold
0-3 MONTHS
30.4 K USD 1
3-6 MONTHS
128 K USD 2
6-9 MONTHS
0 USD 0
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
0 USD 0
9-12 MONTHS
7. News
New York Hedge Fund Has $1.1 Billion Tied Up in These 2 Stocks. It's Not Looking Good.
Knighthead Capital Management is a New York-based hedge fund specializing in fundamental analysis, operational and financial turnarounds, and risk management.
247wallst.com
- 1 week ago
Wheels Up: Encouraging Signs Of A Turnaround, But Potential Recession On The Horizon
Wheels Up's turnaround shows progress with reduced adj. EBITDA losses, but the company still operates at a loss and faces cash runway concerns. Management's fleet renewal plan aims to boost demand but involves significant capital investments, risking further stock dilution and financial strain. Despite a 60% stock decline, Wheels Up's valuation remains high compared to peers, making it an unattractive investment.
seekingalpha.com
- 2 weeks ago
Wheels Up Names John Verkamp as Chief Financial Officer
Verkamp to bring extensive financial leadership experience to help drive strategic growth plan ATLANTA , March 11, 2025 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP), a global leader in private aviation, today announced the appointment of John Verkamp as Chief Financial Officer. With a track record of financial leadership and a deep understanding of complex operations, John will oversee the company's global finance organization.
prnewswire.com
- 3 weeks ago
Wheels Up Announces December Quarter and Full Year 2024 Results
Financial performance illustrates momentum with business transformation Fleet modernization underway, with 18 new Phenom jets entering Wheels Up's controlled fleet and the company's first Challengers set to enter service by April 1 John Verkamp appointed Chief Financial Officer, to join company on March 31 ATLANTA , March 11, 2025 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced financial results for the December quarter and full year ended 2024. Highlights of the December quarter and full year 2024, including GAAP results, non-GAAP financial measures and key performance metrics, are on page three and incorporated herein.
prnewswire.com
- 3 weeks ago
Wheels Up stock price on edge ahead of earnings: buy the dip?
Wheels Up Experience (UP) stock price crashed to a record low of $1 on Monday as investors waited for its quarterly financial results. The UP share price has crashed by 35% this year, lagging behind other companies in Wall Street.
invezz.com
- 3 weeks ago
Wheels Up Announces Date of Fourth Quarter 2024 Earnings Release
ATLANTA , Feb. 25, 2025 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP ) today announced that it will release its fourth quarter 2024 financial results on Tuesday, March 11, 2025. Earnings materials will be available on the Wheels Up investor relations website at investors.wheelsup.com.
prnewswire.com
- 1 month ago
University of Portland Announces Transformational $20 Million Gift
PORTLAND, Ore.--(BUSINESS WIRE)--University of Portland (UP) is proud to announce a $20 million dollar gift — one of the largest single gifts in school history — from a multi-generational family whose ties to the University span more than 65 years. The historic gift will support the University's priorities of enhancing student access, supporting academic excellence, and strengthening student formation. The donor family chose to remain anonymous in order to “keep the focus on the important work.
businesswire.com
- 3 months ago
Wheels Up: Be Patient, But A Turnaround Is In The Works
Shares of Wheels Up have begun a modest rebound after the company's Q3 earnings release. Importantly, Wheels Up announced a $332 million financing package from Bank of America and guaranteed by Delta to purchase new aircraft. Standardizing Wheels Up's fleet with newer aircraft is expected to boost flight operations and maintenance costs, a key lever in the company's plan to hit adjusted EBITDA profitability by 2025.
seekingalpha.com
- 4 months ago
Wheels Up Names Jill Greer as Executive Vice President, Investor Relations and Sustainability
Greer to lead Wheels Up's investor relations strategy as well as the development and implementation of company's sustainability strategy ATLANTA , Nov. 19, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP), a global leader in private aviation, today announced the appointment of Jill Greer as Executive Vice President, Investor Relations and Sustainability. Jill brings over two decades of experience in aviation and strong financial leadership to the role, having spent 21 years working at Delta Air Lines.
prnewswire.com
- 4 months ago
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
- 4 months 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
- 4 months 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
- 4 months ago
8. Profile
Summary
Wheels Up Experience Inc. UP
COUNTRY
US
INDUSTRY
Airlines, Airports & Air Services
MARKET CAP
$ 702 M
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
1807
Officers
Ms. Kristen Lauria
Chief Customer & Marketing Officer
Mr. George Nathaniel Mattson
Chief Executive Officer & Director
Mr. Brian Joseph Kedzior
Chief People Officer
Ms. Julia Zhang
Senior Vice President of Pricing & Revenue Management
Mr. Alexander Chatkewitz
Chief Accounting Officer
Ms. Jill Sullivan Greer
Executive Vice President of Investor Relations & Sustainability
Mr. Eric Cabezas CPA
Interim Chief Financial Officer
Mr. David Holtz
Chief Operating Officer
Mr. Matthew J. Knopf
Chief Legal Officer & Secretary
Mr. Mark Andrew Briffa
Executive Vice President of Charter & Chief Executive Officer of Air Partner