Wheels Up, the leading brand in private aviation, is the only company in the industry to offer a total private aviation solution that includes world-class safety, service, and flexibility through on-demand private flights across all cabin categories, membership programs, corporate solutions, aircraft management, whole aircraft sales, and commercial travel benefits through a strategic partnership with Delta Air Lines. Wheels Up, which was founded and is led by renowned entrepreneur Kenny Dichter, is uniquely positioned to offer its Customers and Members access to over 1,500 safety-vetted and verified aircraft.
Through the Wheels Up App anyone can search, book, and fly. Wheels Up Connect, Core, and Business memberships provide enhancements such as flight sharing, empty-leg Hot Flights, Shuttle Flights, Shared Flights, signature Wheels Down events, and exclusive member benefits from preeminent lifestyle brands. The Company's ongoing Wheels Up Cares program aligns with philanthropic organizations and initiatives that affect and matter to the Company and its Customers, Members, stakeholders, families, and friends. The Wheels Up Cares fleet is comprised of five custom painted Beechcraft King Air 350i aircraft; each plane serves as a flying symbol for a specific cause.
Company profile
Ticker
UP, UP-WT
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Aspirational Consumer Lifestyle Corp.
SEC CIK
UP stock data
Analyst ratings and price targets
Current price
Average target
$3.10
Low target
$1.30
High target
$5.00
Morgan Stanley
Maintains
$1.30
Raymond James
Maintains
$3.00
Credit Suisse
Maintains
$5.00
Latest filings (excl ownership)
8-K
Amendments to Articles of Incorporation or Bylaws
16 Dec 22
10-Q
2022 Q3
Quarterly report
9 Nov 22
8-K
Wheels Up Announces Record Third Quarter Revenue Up 39% Year-over-Year
9 Nov 22
8-K
Wheels Up Announces New Financing to Support Investments In Operations, Technology and Member Experience
17 Oct 22
10-Q
2022 Q2
Quarterly report
11 Aug 22
8-K
Wheels Up Announces Record Second Quarter Revenue Up 49% Year-over-Year
11 Aug 22
EFFECT
Notice of effectiveness
11 Aug 22
424B3
Prospectus supplement
10 Aug 22
POS AM
Prospectus update (post-effective amendment)
4 Aug 22
CORRESP
Correspondence with SEC
4 Aug 22
Latest ownership filings
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Annual (USD) | Dec 21 | Dec 20 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 311.91 mm | 311.91 mm | 311.91 mm | 311.91 mm | 311.91 mm | 311.91 mm |
| Cash burn (monthly) | 47.50 mm | 18.79 mm | 29.89 mm | 39.98 mm | 49.39 mm | 786.25 k |
| Cash used (since last report) | 199.77 mm | 79.03 mm | 125.69 mm | 168.14 mm | 207.71 mm | 3.31 mm |
| Cash remaining | 112.15 mm | 232.88 mm | 186.22 mm | 143.77 mm | 104.21 mm | 308.61 mm |
| Runway (months of cash) | 2.4 | 12.4 | 6.2 | 3.6 | 2.1 | 392.5 |
Institutional ownership, Q3 2022
49.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 198 |
| Opened positions | 21 |
| Closed positions | 26 |
| Increased positions | 44 |
| Reduced positions | 47 |
| 13F shares | Current |
|---|---|
| Total value | 140.08 mm |
| Total shares | 122.34 mm |
| Total puts | 75.60 k |
| Total calls | 260.40 k |
| Total put/call ratio | 0.3 |
| Largest owners | Shares | Value |
|---|---|---|
| DAL Delta Air Lines | 52.00 mm | $59.80 mm |
| BLK Blackrock | 13.10 mm | $15.07 mm |
| FMR | 13.00 mm | $14.95 mm |
| Vanguard | 8.91 mm | $10.25 mm |
| BEN Franklin Resources | 7.05 mm | $8.11 mm |
| Geode Capital Management | 2.96 mm | $3.40 mm |
| Renaissance Technologies | 1.82 mm | $2.09 mm |
| Jefferies | 1.61 mm | $1.85 mm |
| NTRS Northern Trust | 1.50 mm | $1.73 mm |
| Mariner | 1.31 mm | $1.51 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 27 Jan 23 | Kenneth H Dichter | Class A Common Stock, par value $0.0001 per share | Gift | Dispose G | No | No | 0 | 2,863,000 | 0.00 | 11,988,599 |
| 3 Jan 23 | Todd Lamar Smith | Class A Common Stock, par value $0.0001 per share | Sell | Dispose S | No | Yes | 1.038 | 273,504 | 283.90 k | 1,777,778 |
| 15 Dec 22 | Kenneth H Dichter | Class A Common Stock, par value $0.0001 per share | Buy | Acquire P | No | No | 1.1253 | 152,327 | 171.41 k | 14,851,599 |
| 14 Dec 22 | Kenneth H Dichter | Class A Common Stock, par value $0.0001 per share | Buy | Acquire P | No | No | 1.1474 | 247,673 | 284.18 k | 14,699,272 |
| 7 Nov 22 | Vinayak Hegde | Class A Common Stock, par value $0.0001 per share | Sell | Dispose S | No | Yes | 1.5787 | 9,592 | 15.14 k | 2,065,385 |
| 19 Sep 22 | Vinayak Hegde | Class A Common Stock, par value $0.0001 per share | Sell | Dispose S | No | Yes | 1.4922 | 21,561 | 32.17 k | 2,074,977 |
News
Philips, Alliance Resource Partners And Other Big Stocks Moving Higher In Monday's Pre-Market Session
30 Jan 23
12 Industrials Stocks Moving In Friday's After-Market Session
27 Jan 23
Morgan Stanley Maintains Underweight on Wheels Up Experience, Lowers Price Target to $1.3
18 Jan 23
How Did Stocks React To The December CPI Print? A Tale Of Two Narratives
12 Jan 23
12 Industrials Stocks Moving In Wednesday's After-Market Session
11 Jan 23