revolutionary membership-based private aviation company that reduces the upfront cost to fly privately while providing an unrivaled lifestyle platform wheels up offers individual, family and corporate members exceptional world-class service with around the clock support. the cutting-edge wheels up mobile app enables members to seamlessly book flights, manage their accounts and participate in ride-share opportunities. wheels up members also have access to the wheels down program, featuring exclusive lifestyle events and experiences, unique partner benefits and a full-service luxury concierge, which is also integrated in the wheels up app.
![Wheels Up Experience Inc - Ordinary Shares logo](/files/LOGO/1819516-UP.png)
Company profile
Ticker
UP
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Aspirational Consumer Lifestyle Corp.
SEC CIK
Corporate docs
Subsidiaries
Aircraft Charter Company • Aircraft Holding Company • Air Partner Aviation Services Limited • Air Partner CHS Limited • Air Partner Consulting Limited • Air Partner Group Limited • Air Partner International GmbH • Air Partner International SAS • Air Partner Investments Limited • Air Partner Limited ...
UP stock data
Latest filings (excl ownership)
8-K
Member benefits expanded to offer enhanced Delta loyalty rewards as well as guaranteed availability and recovery within the U.S., U.K. and Europe
17 Jun 24
S-8
Registration of securities for employees
7 Jun 24
S-8
Registration of securities for employees
7 Jun 24
S-8
Registration of securities for employees
7 Jun 24
8-K
Departure of Directors or Certain Officers
7 Jun 24
8-K
Unaudited Pro Forma Condensed Consolidated Financial Statements
7 Jun 24
10-Q
2024 Q1
Quarterly report
9 May 24
8-K
Wheels Up Reports First Quarter Results
9 May 24
8-K
Wheels Up Appoints Dave Harvey as Chief Commercial Officer
6 May 24
ARS
2023 FY
Annual report to shareholders
24 Apr 24
Transcripts
UP
Earnings call transcript
2024 Q1
9 May 24
UP
Earnings call transcript
2023 Q3
9 Nov 23
UP
Earnings call transcript
2023 Q1
9 May 23
UP
Earnings call transcript
2022 Q4
9 Mar 23
UP
Earnings call transcript
2022 Q3
10 Nov 22
UP
Earnings call transcript
2022 Q2
12 Aug 22
UP
Earnings call transcript
2022 Q1
13 May 22
UP
Earnings call transcript
2021 Q4
10 Mar 22
UP
Earnings call transcript
2021 Q3
11 Nov 21
UP
Earnings call transcript
2021 Q2
13 Aug 21
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
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) | 213.29 mm | 213.29 mm | 213.29 mm | 213.29 mm | 213.29 mm | 213.29 mm |
Cash burn (monthly) | 26.51 mm | 15.54 mm | 32.50 mm | 40.24 mm | 24.60 mm | 44.72 mm |
Cash used (since last report) | 102.52 mm | 60.10 mm | 125.68 mm | 155.59 mm | 95.12 mm | 172.91 mm |
Cash remaining | 110.77 mm | 153.19 mm | 87.61 mm | 57.70 mm | 118.17 mm | 40.38 mm |
Runway (months of cash) | 4.2 | 9.9 | 2.7 | 1.4 | 4.8 | 0.9 |
Institutional ownership, Q1 2024
13F holders | Current |
---|---|
Total holders | 96 |
Opened positions | 80 |
Closed positions | 3 |
Increased positions | 1 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 1.60 tn |
Total shares | 903.58 mm |
Total puts | 112.50 k |
Total calls | 83.60 k |
Total put/call ratio | 1.3 |
Largest owners | Shares | Value |
---|---|---|
DAL Delta Air Lines | 263.37 mm | $755.87 bn |
Knighthead Capital Management | 258.17 mm | $740.95 bn |
CK Wheels | 258.17 mm | $358.86 mm |
Cox Investment | 86.06 mm | $119.62 mm |
Kore Advisors | 25.82 mm | $74.09 bn |
Vanguard | 4.91 mm | $14.10 bn |
GS Goldman Sachs | 1.07 mm | $3.08 bn |
Millennium Management | 1.07 mm | $3.07 bn |
Marshall Wace | 995.45 k | $2.86 bn |
Integrated Core Strategies | 534.71 k | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
6 Jun 24 | Mark Briffa | Class A Common Stock, par value $0.0001 per share | Grant | Acquire A | No | No | 0 | 174,522 | 0.00 | 232,993 |
6 Jun 24 | David Godsman | Class A Common Stock, par value $0.0001 per share | Grant | Acquire A | No | No | 0 | 145,053 | 0.00 | 257,990 |
6 Jun 24 | Laura Heltebran | Class A Common Stock, par value $0.0001 per share | Grant | Acquire A | No | No | 0 | 151,581 | 0.00 | 189,288 |
6 Jun 24 | David L Holtz | Class A Common Stock, par value $0.0001 per share | Grant | Acquire A | No | No | 0 | 145,053 | 0.00 | 145,053 |
6 Jun 24 | Brian Joseph Kedzior | Class A Common Stock, par value $0.0001 per share | Grant | Acquire A | No | No | 0 | 114,516 | 0.00 | 135,220 |
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Press releases
Wheels Up Introduces Further Pricing, Savings, and Rewards Transparency Designed to Drive Value and Increase Flexibility for Travelers
23 Jul 24
Wheels Up Announces Date of Second Quarter 2024 Earnings Release and Webcast
18 Jul 24
Wheels Up Announces Streamlined Product Portfolio, Providing Global Access Through Options for Membership and Charter
17 Jun 24
Wheels Up Reports First Quarter Results
9 May 24
Wheels Up Appoints Dave Harvey as Chief Commercial Officer
6 May 24