secwatch.observer — SEC 8-K summary
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Issuer:     Wheels Up Experience Inc. (UP)
CIK:        0001819516
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001819516-24-000044
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819516/000181951624000044/0001819516-24-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819516/000181951624000044/up-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001819516-24-000044

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer