---
schema_version: "secwatch.filing_event.v1"
accession: "0001819516-24-000044"
form_type: "8-K"
ticker: "UP"
cik: "0001819516"
company_name: "Wheels Up Experience Inc."
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T11:10:12.287494+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Wheels Up Q2 2024: Revenue $196M, net loss narrows to $97M, board appoints Summe

## Summary
- Revenue $196M, down 41% YoY; net loss $97M, improved from $160.6M loss.
- Adjusted EBITDA loss $37M, improved from $40.3M; contribution margin 7.8%.
- Active members 8,268 (-29%); live flight legs 12,855 (-29%).
- David Adelman resigned from board; Gregory L. Summe appointed as independent director effective Aug 7, 2024.
- Strategic partnership with Delta deepened; King Air and Citation fleets under single FAA certificate.

## SEC filing metadata
- accession: 0001819516-24-000044
- form_type: 8-K
- ticker: UP
- cik: 0001819516
- company_name: Wheels Up Experience Inc.
- filed_at: 2024-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819516/000181951624000044/0001819516-24-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819516/000181951624000044/up-20240807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819516-24-000044
- JSON: https://secwatch.observer/filing/0001819516-24-000044.json
- Plain text: https://secwatch.observer/filing/0001819516-24-000044.txt

## Key facts
- Executive change
  Gregory L. Summe was appointed as Director at Wheels Up Experience Inc..
  - Action: appointed
  - Role: Director
  source text: the Board resolved to appoint Gregory L. Summe as an independent member of the Board, effective upon the resignation of, and to fill the seat on the Board previously occupied by, Mr. Adelman.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819516/000181951624000044/0001819516-24-000044-index.htm
- Executive change
  David Adelman resigned as Director at Wheels Up Experience Inc..
  - Action: resigned
  - Role: Director
  source text: On August 7, 2024 (the “Effective Date”), David Adelman notified the Company's Board of Directors (the “Board”) of his resignation from the Board and all committees thereof, effective immediately, in order to focus on his other professional pursuits.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819516/000181951624000044/0001819516-24-000044-index.htm

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