STOCK TITAN

Wheels Up Experience Inc. - $UP STOCK NEWS

Welcome to our dedicated page for Wheels Up Experience news (Ticker: $UP), a resource for investors and traders seeking the latest updates and insights on Wheels Up Experience stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Wheels Up Experience's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Wheels Up Experience's position in the market.

Rhea-AI Summary

Wheels Up Experience Inc. has appointed Dave Harvey as its new Chief Commercial Officer, aiming to drive profitable business growth and increase market penetration. Harvey's extensive experience in commercial strategy and sales, particularly within the aviation industry, is expected to strengthen Wheels Up's position as a leader in premium aviation. His track record at Southwest Airlines, where he significantly increased market share among business travelers, positions him well to lead Wheels Up's commercial team and integrate key elements of the company's commercial engine.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.92%
Tags
management
-
Rhea-AI Summary
Wheels Up Experience Inc. (UP) has scheduled the release of its first quarter 2024 financial results on May 9, 2024, with a webcast at 10 am ET. Investors can access the event through the Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.88%
Tags
-
Rhea-AI Summary
Wheels Up Experience Inc. (NYSE: UP) is set to open a new maintenance facility at Palm Beach International Airport, aiming to enhance operational efficiency and member experience. The company plans to reallocate resources to high-demand areas, leading to the closure of existing facilities in Cincinnati and Broomfield, CO. Wheels Up will partner with MRO providers to support affected employees, showcasing a strategic move towards profitability and improved service quality.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.92%
Tags
none
Rhea-AI Summary
Wheels Up Experience Inc. announced the addition of Tom Klein, a Senior Managing Director of Certares Management LLC, to its Board of Directors. Mr. Klein brings extensive global aviation, travel, and hospitality experience, having held leadership roles at Sabre Corporation and American Airlines. He is expected to stand for election to a full term on the Board in 2025. His appointment is set to enhance Wheels Up's position as a top aviation solutions provider.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
Tags
management
-
News
Rhea-AI Summary
Wheels Up Experience Inc. announced financial results for Q4 2023, showing a decrease in total revenue to $246 million due to divestiture, with a net loss of $81 million. Operational improvements and strategic repositioning efforts are progressing, focusing on cost optimization and profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.36%
Tags
-
Rhea-AI Summary
Wheels Up Experience Inc. (UP) to announce Q4 2023 financial results on March 7, 2024, with a webcast at 10 am ET. Online replay available post-webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.51%
Tags
Rhea-AI Summary
Wheels Up Experience Inc. (NYSE: UP) announces organizational changes in its Atlanta-based operations team, aiming for operational excellence. The company leverages the expertise of over 250 years of aviation experience, including several Delta Air Lines executives. Dave Holtz, the new Chief Operating Officer, leads the operational improvement journey, bringing with him a team of industry-leading operators. The changes include the addition of experienced leaders in operations, maintenance, flight operations, and safety, all with extensive careers at Delta Air Lines.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.89%
Tags
none
-
Rhea-AI Summary
5x5 Trading (5x5) signs a three-year strategic services agreement with Wheels Up, a leading private aviation company, to provide acquisition and disposition services, expertise on fleet planning requirements, and support for Wheels Up and Air Partner members and customers on aircraft transactions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.18%
Tags
none
-
Rhea-AI Summary
Wheels Up Experience (NYSE: UP) secures a $40 million investment from Kore Capital and Whitebox Advisors LLC, bolstering financial stability and working capital. This investment is part of an additional term loan facility under the existing Credit Agreement, bringing the total Credit Facility to $490 million. CEO George Mattson expresses satisfaction with the commitment from new investors and their added resources.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.86%
Tags
none
Rhea-AI Summary
Vendor issue disrupts live webcast for [Company Name]. Event replay now available on Investor Relations website
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.71%
Tags
Wheels Up Experience Inc.

NYSE:UP

UP Rankings

UP Stock Data

1.65B
46.07M
12.69%
85.88%
0.75%
Nonscheduled Chartered Passenger Air Transportation
Transportation and Warehousing
Link
United States of America
CHAMBLEE

About UP

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.