NYSE$UP
Wheels Up Experience Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Wheels Up's first quarter revenue reached a record high, driven by strong demand and prepaid block sales.
Wheels Up Experience Inc. reported a 24% year-over-year increase in revenue to $325.6 million for the first quarter of 2022. Active Members grew by 26% to 12,424, and Live Flight Legs increased by 15% to 17,626. However, the company experienced a net loss of $89.0 million and an adjusted EBITDA loss of $49.4 million.
- Revenue increased 24% year-over-year to $325.6 million.
- Active Members grew 26% year-over-year to 12,424.
- Live Flight Legs increased 15% year-over-year to 17,626.
- Net loss increased by $56.8 million year-over-year to a net loss of $89.0 million.
Headline financials
Revenue & EPS history
Wheels Up · Revenue · Quarterly
$326M
Revenue by segment
Wheels Up · $265M total across 3 segments · Q1 2022
- Flight$236M+24.1%89.2%
- Membership$20.6M+37.9%7.8%
- Other$8.12M+52.4%3.1%
Forward guidance
Wheels Up anticipates strong margin improvements throughout the year due to continued execution of initiatives, the acquisition of Air Partner, the implementation of fuel surcharges, and additional capped rate price increases.
Tailwinds
- Continued execution on strategic initiatives.
- Acquisition of Air Partner.
- Implementation of fuel surcharges.
- Additional capped rate price increases.
- Pilot hiring ahead of plan.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
-3.5%
Avg return
Earnings day
-5.9%
Avg return
5 days after
-6.8%
Avg return
30 days after
36%
8 / 22 earnings
Positive
+34.8%
Q2 2023
Best reaction
-36.2%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.8% | -16.6% | +13.8% | |
| Q4 2025 | -12.4% | -6.1% | -28.3% | |
| Q3 2025 | +5.1% | +3.3% | -49.6% | |
| Q1 2025 | -3.5% | -7.8% | +13.9% | |
| Q4 2024 | +5.6% | +1.9% | -25.2% | |
| Q3 2024 | -7.4% | -6.5% | -1.4% | |
| Q2 2024 | -4.9% | -9.2% | -8.6% | |
| Q1 2024 | +0.9% | +20.2% | -9.9% | |
| Q4 2023 | -12.0% | -10.5% | -3.3% | |
| Q3 2023 | -10.0% | -10.7% | +32.9% | |
| Q2 2023 | +34.8% | +18.8% | +137.5% | |
| Q1 2023 | -36.2% | -42.8% | -39.4% | |
| Q4 2022 | -12.2% | -24.3% | -29.1% | |
| Q3 2022 | -3.7% | -8.0% | -36.8% | |
| Q2 2022 | +10.2% | +4.7% | -32.5% | |
| Q1 2022 | +11.7% | +21.2% | -2.3% | |
| Q4 2021 | -11.4% | -12.0% | -11.7% | |
| Q4 2019 | -11.4% | -12.0% | -11.7% | |
| Q3 2021 | -20.9% | -20.9% | -42.5% | |
| Q2 2021 | -3.2% | -10.2% | -11.4% | |
| Q1 2021 | +0.0% | +0.0% | -0.1% | |
| Q4 2020 | +0.4% | -2.3% | -4.4% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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