Wheels Up Experience Inc. is a prominent provider of private air travel solutions, primarily serving clients across the United States. Its comprehensive offerings encompass flexible, multi-level membership plans, personalized on-demand flights spanning diverse private jet categories, and expert aircraft management. Wheels Up also facilitates retail and wholesale charter services, assists with the purchase and sale of entire aircraft, delivers tailored corporate flight solutions, undertakes special missions, curates exclusive events and bespoke experiences, and provides commercial travel options. The company commands a substantial fleet of roughly 1,500 airplanes. Established in 2013, its operational base is located in New York, New York.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|
| Revenue | $792.10M | $1.25B | $1.58B | $1.19B | $694.98M | $384.91M | $332.14M |
| Cost of Revenue | $733.08M | $1.29B | $1.61B | $1.17B | $634.77M | $380.02M | $276.43M |
| Gross Profit | $59.03M | $-37.72M | $-26.50M | $22.43M | $60.21M | $4.89M | $55.71M |
| Gross Margin | 7.45% | -3.01% | -1.68% | 1.88% | 8.66% | 1.27% | 16.77% |
| Operating Expenses | $317.82M | $405.83M | $533.51M | $225.71M | $123.17M | $83.02M | $107.71M |
| Operating Income | $-258.79M | $-443.56M | $-560.01M | $-203.28M | $-62.97M | $-78.13M | $-52.00M |
| Operating Margin | -32.67% | -35.39% | -35.45% | -17.02% | -9.06% | -20.30% | -15.66% |
| Net Income | $-339.63M | $-487.39M | $-555.16M | $-190.02M | $-78.64M | $-96.27M | $-83.24M |
| Net Margin | -42.88% | -38.89% | -35.14% | -15.91% | -11.32% | -25.01% | -25.06% |
| EPS (Basic) | $-0.49 | $-1.58 | $-22.60 | $-9.28 | $-4.84 | $-9.30 | $-8.04 |
| EBITDA | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Stock Option Compensation Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Earnings Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | N/A | N/A | N/A | N/A | N/A | N/A | N/A |