{"schema_version":"secwatch.filing_event.v1","accession":"0001819516-24-000009","form_type":"8-K","ticker":"UP","cik":"0001819516","company_name":"Wheels Up Experience Inc.","filed_at":"2024-03-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.680639+00:00","generated_at":"2026-06-05T01:49:45.486274+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 Q4 revenue sinks 40% to $246M; net loss narrows to $81M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001819516-24-000009","json":"https://secwatch.observer/filing/0001819516-24-000009.json","markdown":"https://secwatch.observer/filing/0001819516-24-000009.md","text":"https://secwatch.observer/filing/0001819516-24-000009.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819516/000181951624000009/0001819516-24-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819516/000181951624000009/up-20240307.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T01:49:45.486274+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":"d8dccc67583a7058fe9762c9bc7f776aeed849d9","claim":"Wheels Up Experience Inc. reported financial results for the three months and fiscal year ended December 31, 2023.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819516/000181951624000009/0001819516-24-000009-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months and fiscal year ended December 31, 2023"},{"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"}