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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 $-17.59Diluted shares 36.2M

Wheels Up Experience Inc. (NYSE: UP) provides on-demand private aviation through a membership program and global charter services for individual and business travelers, as well as group, cargo, government and defense customers. Flights are fulfilled using its owned and leased aircraft and a network of third-party… From the company’s description.

Over the twelve months to Sep 30, 2026, Wheels Up Experience Inc. reported revenue of $699.55M, down 7.6% from a year earlier, and a net loss of $308.52M. Its operating margin was −26.3%, and operations used $226.71M in cash. In fiscal 2025, it reported revenue of $736.50M, down 7.0% from fiscal 2024, and a net loss of $294.22M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$736.50MFY2025
−7.0% year over year
Last 12 mo $699.55M
-27.62%FY2025
+5.1 percentage points
Last 12 mo -26.27%
$-294.22MFY2025
+13.4% year over year
Last 12 mo $-308.52M
75.04%FY2025
−93 percentage points
Last 12 mo 48.42%
Cash & financing
$-166.29MFY2025
−113.5% year over year
Last 12 mo $-226.71M
$-271.39MFY2025
−25.8% year over year
Last 12 mo $-443.05M
-0.86FY2025
Was -2.02× a year earlier
Last 12 mo -1.11
706.0MFY2025
+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) provides on-demand private aviation through a membership program and global charter services for individual and business travelers, as well as group, cargo, government and defense customers. Flights are fulfilled using its owned and leased aircraft and a network of third-party charter operators. Its Signature Membership offers access to Bombardier Challenger 300 series and Embraer Phenom 300 series aircraft, with dynamic or fixed hourly-rate plans; it also serves larger corporate customers through Custom Enterprise Solutions and offers pay-as-you-go charter options. A partnership with Delta Air Lines connects private aviation with premium commercial travel, including booking Delta flights through the Wheels Up app. The company’s activities include membership, charter solutions and complementary services, and it generates most revenue from member and customer flights. Wheels Up is transitioning its controlled fleet from legacy aircraft models to Challenger and Phenom aircraft while continuing to operate King Air 350i turboprops. It had 1,250 employees as of December 31, 2025. Its website is https://wheelsup.com.

Company details
Sector
Industrials
Industry (SIC)
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
—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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  • “How do Wheels Up Experience Inc. and its peers compare on margins and cash generation over ten years?”
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