---
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"
generated_at: "2026-06-05T01:49:45.486274+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819516-24-000009
- JSON: https://secwatch.observer/filing/0001819516-24-000009.json
- Plain text: https://secwatch.observer/filing/0001819516-24-000009.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1819516/000181951624000009/0001819516-24-000009-index.htm

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