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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.

News
Wheels Up Announces New Corporate Member Program, Up for Business, Designed for Small and Medium-Sized Enterprises
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
-
News
Wheels Up Announces Date of Third Quarter 2023 Earnings Release and Webcast
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
-
News
Wheels Up Finalizes New Investment with Delta, Certares, Knighthead and Cox
Rhea-AI Summary
Wheels Up secures $500 million credit facility, announces new Board of Directors structure
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.68%
Tags
none
News
Wheels Up Appoints George N. Mattson as CEO
Rhea-AI Summary
Wheels Up appoints George N. Mattson as new CEO, aiming for operational excellence and customer experience in private aviation. Mattson brings 25 years of aviation experience. Delta CEO Ed Bastian believes Wheels Up is well-positioned for future improvements. Mattson's appointment expected to stabilize the business and drive profitability. Non-binding agreement in principle for $500 million facility with funds from Delta Air Lines and other lenders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.68%
Tags
management
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News
Wheels Up Reports Second Quarter Results
Rhea-AI Summary
Wheels Up announces Q2 financial results. Revenue decreased by $90 million YoY to $335 million. Net loss increased to $161 million, driven by a $70 million non-cash goodwill impairment charge. Adjusted EBITDA improved slightly to a loss of $40 million. Company received short-term capital infusion from Delta Air Lines. Member program changes launched in June. Company expects to divest non-core aircraft management business. Active Members decreased 8% YoY to 11,639. Active Users decreased 4% YoY to 12,549. Live Flight Legs decreased 16% YoY to 18,137. Flight revenue per Live Flight Leg remained consistent. Revenue decreased 21% YoY. Net loss increased by $67.8 million YoY. Adjusted EBITDA loss decreased to $40.3 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.34%
Tags
earnings
-
News
Wheels Up Pursuing Strategic Options
Rhea-AI Summary
Wheels Up receives capital infusion from Delta Air Lines and plans to sell non-core aircraft management business to Airshare.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-35%
Tags
none
News
Wheels Up Announces Date of Second Quarter 2023 Earnings Release and Conference Call
Rhea-AI Summary
Wheels Up Experience Inc. to release Q2 2023 financial results on August 9, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.38%
Tags
earnings
-
News
Portside Acquires Licensing Rights for Avianis from Wheels Up
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.53%
Tags
acquisition
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News
Wheels Up Provides Update on Market Speculation
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.87%
Tags
none
News
Wheels Up to Present at Jefferies Virtual Business Aviation Summit
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.94%
Tags
conferences
Stock UP logo
Wheels Up Experience Inc

NYSE:UP

UP Rankings

#2052 Ranked by Market Cap
#5479 Ranked by Stock Gains
N/A Ranked by Dividends

UP Stock Data

1.85B
46.07M
12.69%
85.88%
0.75%
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.