Wheels Up Q4 revenue sinks 40% to $246M; net loss narrows to $81M

Wheels Up Experience Inc.

Total revenue $246M, down $162M YoY; net loss $81M, improved from $225M.
Adjusted EBITDA loss improved 13% to $38M from $44M; adjusted contribution $3M vs $19M.
Active members fell 21% to 9,947; live flight legs down 26% to 14,374.
Secured additional $40M capital from Kore Capital and Whitebox Advisors; total new capital $490M.
Introduced UP for Business program jointly sold with Delta; added aviation experience leadership.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Wheels Up Experience Inc. reported financial results for the three months and fiscal year ended December 31, 2023.

Period: the three months and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 7, 2024, Wheels Up Experience Inc. (the "Company") issued a press release announcing its financial results for the three months and fiscal year ended December 31, 2023.

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Wheels Up Experience Inc. filing history →

Source: SEC EDGAR

accession 0001819516-24-000009

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