---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-065562"
form_type: "8-K/A"
ticker: "UP"
cik: "0001819516"
company_name: "Wheels Up Experience Inc."
filed_at: "2026-10-09T21:27:20+00:00"
generated_at: "2026-10-12T13:13:46.958000+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Wheels Up amends 2Q26 earnings materials; FY2025 Adjusted EBITDA restated to -$95.1M from -$43.5M

## Summary
- FY2025 Adjusted EBITDA (updated definition) revised to -$95.1M from -$43.5M as previously reported; FY2024 revised to -$119.2M from -$117.9M.
- Q4 2025 Adjusted EBITDA swings to -$6.3M from +$32.9M, driven by a $39.3M gain on sale of aircraft held for sale added as a reconciliation adjustment.
- Company says errors came from 'Loss on extinguishment of debt' deducted rather than added, and from double-counting amounts already in Q4/FY2024 'Fleet modernization expense'.
- Adjusted EBITDAR (updated definition) for FY2025 revised to -$78.3M from -$26.7M; FY2024 revised to -$85.9M from -$84.6M.
- The 2Q 2026 Form 10-Q is not being amended; Wheels Up states the Q2 2026 unaudited financial statements and non-GAAP measures are unaffected.

## SEC filing metadata
- accession: 0001628280-26-065562
- form_type: 8-K/A
- ticker: UP
- cik: 0001819516
- company_name: Wheels Up Experience Inc.
- filed_at: 2026-10-09T21:27:20+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819516/000162828026065562/0001628280-26-065562-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819516/000162828026065562/up-20260731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-065562
- JSON: https://secwatch.observer/filing/0001628280-26-065562.json
- Plain text: https://secwatch.observer/filing/0001628280-26-065562.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.