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.
Wheels Up Experience Inc. provides on-demand private aviation through charter solutions, membership programs, a controlled aircraft fleet, and a network of safety-vetted charter operators. Company updates commonly address private jet flight revenue, membership offerings, cargo services through Air Partner Cargo, premium commercial travel benefits tied to its Delta Air Lines partnership, and booking access through its app and website.
Recurring news also covers fleet modernization, including the shift of on-fleet jet operations to Phenom 300 and Challenger 300 Series aircraft, quarterly earnings releases, conference presentations, board composition, and capital-structure actions such as reverse stock split adjustments affecting common stock, warrants, and equity awards.
Wheels Up (NYSE: UP) and Sankaty Jet Capital, a subsidiary of AIP Capital, closed a $68 million secured mezzanine facility on May 13, 2026.
The financing will support Wheels Up's fleet modernization, funding additional Phenom 300 and Challenger 300 Series aircraft over the next 18 months, secured initially by 51 existing aircraft appraised at about $277.8 million.
Wheels Up (NYSE:UP) reported Q1 2026 revenue of $168.9 million, down 5% year over year, and a net loss of $83.0 million, an improvement from 2025. Total gross bookings rose 10% to $267.2 million, while Adjusted EBITDAR loss was $18.3 million.
A Delta-led investor group committed to a new $100 million term loan, with up to $100 million additional capacity, and an upsized aircraft financing facility is expected to add about $165 million of liquidity in Q2. Fleet modernization finished early, operations improved, and a 1-for-20 reverse split restored NYSE compliance.
Wheels Up (NYSE: UP) will release its first quarter 2026 financial results on Monday, May 11, 2026. Earnings materials and related disclosures will be posted on the company's investor relations site at investors.wheelsup.com.
Investors can access the release and supporting documents on that date.
Wheels Up (NYSE: UP) announced it completed its fleet modernization, retiring legacy jets from revenue service about 18 months ahead of schedule on April 29, 2026. The company now operates exclusively Phenom 300 and Challenger 300 series aircraft for on-fleet jet operations.
The move supports programmatic membership offerings, aims to simplify fleet architecture, and the company says members retain access to charter solutions and legacy commitments via a safety‑vetted third‑party operator network and its Delta relationship.
Wheels Up (NYSE: UP) announced board changes effective ahead of its June 2026 Annual Meeting. Erik Snell, Delta CFO, is appointed to the board as a Delta designee replacing Dan Janki. Timothy Armstrong will not stand for reelection; Roger Farah is expected to be nominated to succeed him. The company plans Form 8-K and definitive proxy filings on April 24, 2026 with biographical details and Annual Meeting information.
Wheels Up (NYSE: UP) will complete a 1-for-20 reverse stock split effective after market close on April 24, 2026, with trading on a split-adjusted basis expected to begin April 27, 2026. The company expects outstanding shares to fall from ~725 million to ~36 million and authorized common shares to drop from 1.5 billion to 75 million.
The company says the Reverse Stock Split aims to align its share count with peers, regain NYSE listing compliance if the share price meets $1.00 requirements, and qualify for inclusion in the Russell 3000.
Wheels Up (NYSE: UP) reported fourth-quarter 2025 results on Feb 19, 2026, showing operational improvements and meaningful profit progress. Total revenue was $183.8M, net loss narrowed to $28.9M (67% improvement), and the company posted positive Adjusted EBITDA of $32.9M and Adjusted EBITDAR of $36.9M.
Quarter-end liquidity was $234M, fleet modernization advanced (40% premium jets), and management cited early achievement of a $70M annual run-rate cost reduction target.
Wheels Up (NYSE: UP) announced that CEO George Mattson will present in person at the Barclays Industrial Select Conference in Miami on February 19, 2026 at 10:25am ET. A live webcast will be available at the company's investor site and a replay will be posted shortly after the event.
Wheels Up (NYSE: UP) named 2025 Heisman Trophy winner and NCAA champion Fernando Mendoza as a Wheels Up Ambassador on February 5, 2026. The partnership highlights Mendoza's need for flexible, hybrid private-commercial travel enabled by Wheels Up's fleet and strategic Delta Air Lines relationship.
The role will include select community engagements and aims to support Mendoza's multi-city schedule and family travel needs, including accommodations for his mother’s medical requirements.
Wheels Up Experience (NYSE: UP) will release its fourth quarter 2025 financial results on Thursday, February 19, 2026. Earnings materials and related financial disclosures will be posted on the company investor relations site at investors.wheelsup.com when available.