NYSE$UP
Wheels Up Experience Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Wheels Up experienced a decrease in revenue but improved net loss and Adjusted EBITDA due to operational improvements and strategic repositioning.
Wheels Up reported a decrease in total revenue to $246 million, primarily due to the divestiture of the Aircraft Management business. However, the company saw a significant decrease in net loss to $81 million and an improvement in Adjusted EBITDA loss to $38 million, reflecting operational efficiency and cost reduction efforts. The company added $40 million of investor capital and introduced the new UP for Business program.
- Total revenue decreased by $162 million year-over-year to $246 million, influenced by the divestiture of the Aircraft Management business.
- Net loss decreased year-over-year to $81 million, primarily due to the absence of a goodwill impairment charge.
- Adjusted EBITDA improved year-over-year to a loss of $38 million, reflecting operational efficiency and cost reduction efforts.
- Active Members decreased 21% year-over-year to 9,947.
Headline financials
Revenue & EPS history
Wheels Up · Revenue · Quarterly
$246M
Revenue by segment
Wheels Up · $267M total across 3 segments · Q3 2023
- Flight$215M-23.0%80.4%
- Other$31.6M-47.5%11.8%
- Membership$20.6M-8.0%7.7%
Forward guidance
Wheels Up is focused on optimizing cost structure and fleet to focus on profitability.
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 Q4 2023
-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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