Wheels Up Experience (NYSE:UP) Issues Quarterly Earnings Results

Wheels Up Experience (NYSE:UP) issued its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share for the quarter, Zacks reports.

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 Down 11.8%

NYSE:UP traded down $0.08 during trading hours on Thursday, hitting $0.62. 3,333,933 shares of the stock were exchanged, compared to its average volume of 6,355,553. The company has a market capitalization of $447.46 million, a P/E ratio of -1.22 and a beta of 2.34. The company’s 50 day moving average is $0.72 and its two-hundred day moving average is $1.32. Wheels Up Experience has a twelve month low of $0.56 and a twelve month high of $3.50.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Wheels Up Experience in a research report on Wednesday, January 21st. Wall Street Zen cut Wheels Up Experience from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Wheels Up Experience

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in Wheels Up Experience during the 1st quarter worth about $156,000. Creative Planning acquired a new stake in shares of Wheels Up Experience during the 2nd quarter worth approximately $25,000. Cetera Investment Advisers bought a new stake in shares of Wheels Up Experience during the second quarter worth approximately $78,000. XTX Topco Ltd bought a new position in Wheels Up Experience in the second quarter valued at approximately $141,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in Wheels Up Experience in the second quarter valued at approximately $73,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.

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.