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Companies / Industrials / Wheels Up Experience Inc.
UP

Wheels Up Experience Inc.

IndustrialsAir Transportation
Ticker UPCHAMBLEE, GAFiscal year ends DecemberBook value per share $-15.48Diluted shares 36.2M

Wheels Up Experience Inc. (NYSE: UP) operates as a leading global provider of on-demand private aviation services through its integrated membership program and charter solutions platform. The company's website is wheelsup.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$736.50M
−7.0% year over year
Last 12 mo $720.25M
-27.62%
+5.1 percentage points
Last 12 mo -27.05%
$-294.22M
+13.4% year over year
Last 12 mo $-302.81M
75.04%
−93 percentage points
Last 12 mo 54.04%
Cash & financing
$-166.29M
−113.5% year over year
Last 12 mo $-246.75M
$-271.39M
−25.8% year over year
Last 12 mo $-434.29M
-0.86
Was -2.02× a year earlier
Last 12 mo -1.07
706.0M
+1.2% year over year
Last 12 mo 36.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Wheels Up Experience Inc. does

In the company’s own words

Wheels Up Experience Inc. (NYSE: UP) operates as a leading global provider of on-demand private aviation services through its integrated membership program and charter solutions platform. The company's website is wheelsup.com.

The company delivers private aviation services through a diversified business model combining membership programs, charter solutions, and partnerships with third-party operators. Wheels Up's Signature Membership provides access to a modernized fleet of Bombardier Challenger 300 series and Embraer Phenom 300 series aircraft, along with legacy turboprop King Air 350i aircraft, offering members flexibility through Dynamic Access Plans with discounted hourly rates or Fixed Access Plans with predictable pricing. The charter solutions segment serves customers seeking pay-as-you-fly options for everything from family vacations to international business travel and group charters accommodating 15 or more passengers.

A cornerstone of Wheels Up's strategy is its first-of-its-kind partnership with Delta Air Lines, which enables members to earn Delta SkyMiles Diamond Medallion status based on qualifying spend and provides seamless booking of both private and premium commercial travel through an integrated digital platform. This partnership launched industry-first self-booking for Delta commercial flights directly within the Wheels Up mobile application in January 2026.

The company operates through two FAA Part 135 certificates held by Wheels Up Private Jets LLC and Wheels Up Partners LLC, managing a controlled fleet of owned and leased aircraft supplemented by relationships with a global network of safety-vetted charter operators. As of December 31, 2025, Wheels Up employed approximately 1,250 full-time employees, with roughly 80 percent based in the United States and the remainder concentrated in the United Kingdom, France, Germany, Italy, and the United Arab Emirates. The company maintains approximately 300 pilots across its controlled fleet.

Revenue is generated primarily from member and customer flights, membership fees, and other services including cargo flights and government and defense solutions. Wheels Up's multi-year business transformation includes a fleet modernization strategy transitioning from legacy aircraft models to newer, more fuel-efficient platforms, alongside continuous operational efficiency improvements and technology investments supporting its cloud-based flight management system and data-driven optimization algorithms.

Company details
Sector
Industrials
Industry
Air Transportation
Headquarters
CHAMBLEE, GA
Fiscal year end
December
CIK
1819516
SIC
4522

Financial performance, year by year

Fiscal 2021–2025 · USD
$-769.08M$-128.49M$512.11M$1.15B$1.79B20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Wheels Up Experience Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

41
funds hold it
0 of 35
superinvestors hold it
$5.44M
held by funds, at market
1.7%
of shares held by funds

Largest fund holders · Wheels Up Experience Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.00%of fund net assets
iShares Russell 2000 Value ETF
IWN · iShares Trust
0.00%of fund net assets
Inspire Small/Mid Cap ETF
ISMD · Northern Lights Fund Trust IV
0.15%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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