{"schema_version":"secwatch.filing_event.v1","accession":"0001819516-24-000026","form_type":"8-K","ticker":"UP","cik":"0001819516","company_name":"Wheels Up Experience Inc.","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.351594+00:00","generated_at":"2026-06-02T06:48:17.500923+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Wheels Up Q1 revenue down 44% to $197M; net loss improves slightly to $97M","bullets":["Revenue $197M vs $352M YoY; decline driven by exiting aircraft management and sales businesses.","Net loss of $97M, improved from $101M YoY; Adjusted EBITDA loss of $49M flat YoY.","Active members 9,155 (-25% YoY); Live flight legs 11,754 (-24% YoY).","Operational metrics: Completion Rate 98%, On-Time Performance 87% both exceeding goals.","Appointed David Harvey as CCO; plans new flagship maintenance facility at Palm Beach International."],"urls":{"canonical":"https://secwatch.observer/filing/0001819516-24-000026","json":"https://secwatch.observer/filing/0001819516-24-000026.json","markdown":"https://secwatch.observer/filing/0001819516-24-000026.md","text":"https://secwatch.observer/filing/0001819516-24-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819516/000181951624000026/0001819516-24-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819516/000181951624000026/up-20240509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T06:48:17.500923+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":"4ff538e5acb7382042815aacdb7bd7a9a177b03c","claim":"Wheels Up Experience Inc. reported the first quarter, which ended March 31, 2024 results: revenue $197,101, net income $(97,393).","evidence_excerpt":"$ 66,528 33 % Other Charter FTV 32,911 31,083 6 % Total Charter FTV $ 121,599 $ 97,611 25 % On-Time Performance (D-60) 87 % 86 % 1 % Completion Rate 98 % 98 % — % Revenue $ 197,101 $ 351,812 (44) % Net loss $ (97,393) $ (100,866) 3 % Adjusted EBITDA $ (49,229) $ (48,915) (1) % __________________ (1) For information regarding Wheels Up’s use and","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819516/000181951624000026/0001819516-24-000026-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter, which ended March 31, 2024"},{"label":"Revenue","value":"$197,101"},{"label":"Net income","value":"$(97,393)"},{"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"}