In Q1 FY2026 (ended March 31, 2026), Wheels Up Experience Inc. reported revenue of $168.9 million, a decrease of 4.8% year-over-year. Net loss improved to $83.0 million from $99.3 million in the prior year, a 16.5% improvement. Operating loss narrowed to $57.4 million, up 29.0% year-over-year. Diluted EPS was -$2.29, compared to -$2.84 in the prior year. The company had $54.1 million in cash, negative equity of $465.7 million, and long-term debt of $749.0 million.
•Revenue decreased 4.8% YoY to $168.9 million.
•Net loss improved 16.5% to $83.0 million.
•Operating loss improved 29.0% to $57.4 million.
•Diluted EPS was -$2.29, compared to -$2.84 in the prior year.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Wheels Up Experience provides on-demand private aviation services in the United States and globally. The company offers Wheels Up Membership program that consists of a simplified on-ramp to private flying services to individual and business private flyers Wheels Up charter solutions which allows members and customers to book charter trips with no upfront costs, as well as cargo flights and government and defense solutions.
Its portfolio also includes maintenance, repair and operations ground services for aircraft owners and operators, flight-related services, such as catering or ground transportation, sells a whole aircraft, group charter, cargo, safety and security, and special missions services Including government, defense, emergency and medical transport.
The company serves high net worth individuals, small, medium and large businesses, cargo and group charter customers, and customers with specialized needs comprising musicians, entertainers, athletes, and business executives. Founded in 2013, Wheels Up Experience is headquartered in Chamblee, Georgia.
Wheels Up Experience Inc. provides on-demand private aviation services in the United States and globally. The company offers a Wheels Up Membership program that serves as a simplified entry point to private flying for individuals and businesses. It also provides charter solutions, allowing members and customers to book charter trips without upfront costs, and offers cargo flights, government and defense solutions, and special missions services including emergency and medical transport. Additionally, Wheels Up provides maintenance, repair, and operations ground services for aircraft owners and operators, as well as flight-related services such as catering and ground transportation. The company also sells whole aircraft and serves group charter and cargo customers. Its clientele includes high net worth individuals, small to large businesses, and specialized customers like musicians, entertainers, athletes, and business executives.
Where is Wheels Up Experience (UP) listed and what currency does it trade in?
Wheels Up Experience Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol UP. The company trades in US Dollars (USD), as it is headquartered in the United States and its financial reporting is conducted in USD. Being listed on the NYSE, one of the world's largest stock exchanges, provides the company with access to a broad base of investors and liquidity. The NYSE listing also implies that the company meets stringent listing requirements, including corporate governance and financial disclosure standards. Investors can buy and sell shares of UP during regular trading hours on the NYSE, and the stock price is quoted in US Dollars.
What sector and industry does Wheels Up Experience (UP) belong to?
Wheels Up Experience Inc. operates in the Industrials sector, specifically within the Airports & Air Services industry. This classification reflects the company's core business of providing private aviation services, which includes aircraft charter, membership programs, and related ground and flight support services. The Airports & Air Services industry encompasses companies that offer air transportation services, airport operations, and ancillary services such as maintenance and ground handling. As an industrial company, Wheels Up is involved in the movement of people and goods via air, leveraging a fleet of private aircraft and a network of service providers. The sector and industry categorization helps investors understand the broader market context in which the company competes.
Where is Wheels Up Experience (UP) headquartered and what markets does it serve?
Wheels Up Experience Inc. is headquartered in Chamblee, Georgia, United States. The company was founded in 2013 and has since grown to serve customers both in the United States and globally. Its primary market is the United States, where it provides on-demand private aviation services to a diverse clientele, including high net worth individuals, businesses, and specialized customers such as musicians, entertainers, athletes, and business executives. The company also offers services globally, including cargo flights, government and defense solutions, and special missions like emergency and medical transport. By operating from its Georgia headquarters, Wheels Up coordinates a network of aircraft, pilots, and service providers to deliver private aviation solutions across multiple regions.
How does Wheels Up Experience (UP) generate revenue through its business model?
Wheels Up Experience generates revenue primarily through its membership program and charter services. The Wheels Up Membership program provides a simplified on-ramp to private flying, where members pay fees for access to a fleet of aircraft and guaranteed availability. The company also earns revenue from charter solutions, allowing members and non-members to book charter trips without upfront costs. Additionally, Wheels Up offers cargo flights, government and defense solutions, and special missions such as emergency and medical transport. Other revenue streams include maintenance, repair, and operations (MRO) ground services for aircraft owners and operators, flight-related services like catering and ground transportation, and the sale of whole aircraft. The company also serves group charter and cargo customers, and provides safety and security services. By catering to a wide range of customers—from individuals to large businesses and government entities—Wheels Up diversifies its revenue sources across the private aviation value chain.