---
schema_version: "secwatch.filing_event.v1"
accession: "0001819516-24-000065"
form_type: "8-K"
ticker: "UP"
cik: "0001819516"
company_name: "Wheels Up Experience Inc."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:46:21.789564+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Wheels Up Q3 revenue $194M, net loss narrows to $58M; record adjusted contribution margin 14.8%

## Summary
- Revenue $194M, down YoY due to non-core business sales, but stable sequentially; net loss $58M improved $87M YoY.
- Adjusted Contribution Margin 14.8% (record as public company), up 380bps YoY and 700bps sequentially.
- Adjusted EBITDA loss $20M, improved $17M sequentially; operating cash outflow $15M improved 94% vs $250M last year.
- Fleet modernization plan to replace existing jets with Embraer Phenom 300 and Bombardier Challenger 300 series platforms.
- New revolving credit facility with Delta Air Lines support expected to strengthen balance sheet and accelerate fleet transition.

## SEC filing metadata
- accession: 0001819516-24-000065
- form_type: 8-K
- ticker: UP
- cik: 0001819516
- company_name: Wheels Up Experience Inc.
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819516/000181951624000065/0001819516-24-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819516/000181951624000065/up-20241107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819516-24-000065
- JSON: https://secwatch.observer/filing/0001819516-24-000065.json
- Plain text: https://secwatch.observer/filing/0001819516-24-000065.txt

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