{"schema_version":"secwatch.filing_event.v1","accession":"0001819516-23-000055","form_type":"8-K","ticker":"UP","cik":"0001819516","company_name":"Wheels Up Experience Inc.","filed_at":"2023-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.665053+00:00","generated_at":"2026-06-08T07:27:50.637108+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Wheels Up Q3 revenue down 24% to $320M; secures $450M Delta-led capital; names new CEO","bullets":["Revenue $320M, down 24% YoY; net loss $145M includes $56M non-cash goodwill impairment.","Adjusted EBITDA loss $19M, improved $27M YoY; best profit performance since 2021.","Secured $450M new capital from Delta Air Lines, Certares, Knighthead, Cox; $50M term loan in discussion.","George Mattson, longtime Delta board member, appointed CEO; new directors from majority owners.","Active members down 15% to 10,775; Live Flight Legs down 21% to 16,581."],"urls":{"canonical":"https://secwatch.observer/filing/0001819516-23-000055","json":"https://secwatch.observer/filing/0001819516-23-000055.json","markdown":"https://secwatch.observer/filing/0001819516-23-000055.md","text":"https://secwatch.observer/filing/0001819516-23-000055.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819516/000181951623000055/0001819516-23-000055-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819516/000181951623000055/up-20231109.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T07:27:50.637108+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6b8e3587fb40e2c5511001fdf3e3e8d21f390268","claim":"Wheels Up Experience Inc. reported the three months ended September 30, 2023 results: revenue $320,063, net income $(144,813).","evidence_excerpt":"Flight Leg) 2023 2022 % Change Active Users (1) 11,988 13,339 (10) % Live Flight Legs (1) 16,581 21,025 (21) % Flight revenue per Live Flight Leg 12,945 13,266 (2)% Revenue $ 320,063 $ 420,356 (24) % Net loss $ (144,813) $ (148,838) 3 % Adjusted EBITDA (1) $ (18,529) $ (45,229) 59 % Nine Months Ended September 30, (In thousands) 2023 2022 % Change Revenue $","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819516/000181951623000055/0001819516-23-000055-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended September 30, 2023"},{"label":"Revenue","value":"$320,063"},{"label":"Net income","value":"$(144,813)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}