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Wheels Up Experience Inc - UP STOCK NEWS

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

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. 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
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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
earnings
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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
earnings
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
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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
earnings
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News
Rhea-AI Summary
Wheels Up Experience Inc. (NYSE:UP) announced Q3 2023 results, revealing a $100M revenue decrease to $320M, a $14M increase in Adjusted Contribution to $35M, and a slight decrease in net loss to $145M. The company secured $450M in new capital backed by Delta Air Lines, Certares Management, Knighthead Capital Management, and Cox Enterprises, and appointed new directors. Active Members decreased 15% year-over-year to 10,775, while Flight revenue per Live Flight Leg remained consistent year-over-year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.71%
Tags
earnings
-
Rhea-AI Summary
Wheels Up Experience (NYSE: UP) has announced a new corporate program called Up for Business, which offers a tailored private aviation solution for small and medium-sized enterprises. The program provides industry-leading pricing, discounts, and benefits specifically designed for this segment. It aims to deliver greater fleet utilization during weekdays when individual and leisure travel demand is low. Up for Business will be available starting November 1.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.44%
Tags
none
Rhea-AI Summary
Wheels Up to release Q3 2023 financial results on November 9, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.17%
Tags
earnings
Wheels Up Experience Inc

NYSE:UP

UP Rankings

UP Stock Data

2.00B
46.07M
12.69%
85.86%
0.8%
Nonscheduled Chartered Passenger Air Transportation
Transportation and Warehousing
Link
United States
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.