See more : MTN Group Limited (MTNOY) Income Statement Analysis – Financial Results
Complete financial analysis of Wheels Up Experience Inc. (UP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Wheels Up Experience Inc., a leading company in the Airlines, Airports & Air Services industry within the Industrials sector.
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Wheels Up Experience Inc. (UP)
About Wheels Up Experience Inc.
Wheels Up Experience Inc. provides private aviation services primarily in the United States. The company offers a suite of products and services, which include multi-tiered membership programs, on-demand flights across various private aircraft cabin categories, aircraft management, retail and wholesale charter, whole aircraft acquisitions and sales, corporate flight solutions, special missions, signature events and experiences, and commercial travel. It operates a fleet of approximately 1,500 aircraft. The company was founded in 2013 and is headquartered in New York, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 1.25B | 1.58B | 1.19B | 694.98M | 384.91M | 332.14M |
| Cost of Revenue | 1.29B | 1.54B | 1.12B | 634.78M | 340.67M | 276.43M |
| Gross Profit | -37.72M | 39.44M | 76.63M | 60.21M | 44.24M | 55.71M |
| Gross Profit Ratio | -3.01% | 2.50% | 6.42% | 8.66% | 11.49% | 16.77% |
| Research & Development | 61.87M | 57.24M | 33.58M | 21.01M | 13.97M | 10.20M |
| General & Administrative | 145.87M | 183.53M | 113.33M | 64.89M | 28.43M | 13.53M |
| Selling & Marketing | 88.83M | 117.11M | 80.07M | 55.12M | 40.62M | 42.05M |
| SG&A | 234.70M | 300.64M | 193.40M | 120.01M | 69.05M | 64.28M |
| Other Expenses | 109.26M | 65.94M | 54.20M | -17.85M | 39.35M | 0.00 |
| Operating Expenses | 464.37M | 423.82M | 281.18M | 123.17M | 122.37M | 108.19M |
| Cost & Expenses | 1.70B | 1.96B | 1.40B | 757.95M | 463.04M | 384.62M |
| Interest Income | 6.12M | 3.67M | 53.00K | 550.00K | 615.00K | 30.76M |
| Interest Expense | 41.26M | 7.52M | 9.52M | 22.99M | 29.36M | 0.00 |
| Depreciation & Amortization | 58.53M | 65.94M | 54.20M | 58.53M | 39.35M | 33.23M |
| EBITDA | -386.22M | -481.93M | -133.46M | -3.89M | -38.16M | -18.77M |
| EBITDA Ratio | -30.82% | -19.99% | -12.59% | -0.56% | -9.91% | -5.65% |
| Operating Income | -443.56M | -384.38M | -204.55M | -62.97M | -78.13M | -52.00M |
| Operating Income Ratio | -35.39% | -24.33% | -17.13% | -9.06% | -20.30% | -15.66% |
| Total Other Income/Expenses | -42.45M | 4.63M | 6.11M | -22.44M | -28.75M | -30.76M |
| Income Before Tax | -486.00M | -507.38M | -197.17M | -85.41M | -106.87M | -83.24M |
| Income Before Tax Ratio | -38.78% | -32.12% | -16.51% | -12.29% | -27.77% | -25.06% |
| Income Tax Expense | 1.38M | 170.00K | 58.00K | 16.23M | 18.76M | 0.00 |
| Net Income | -487.39M | -507.55M | -197.23M | -101.63M | -125.63M | -83.24M |
| Net Income Ratio | -38.89% | -32.13% | -16.51% | -14.62% | -32.64% | -25.06% |
| EPS | -3.69 | -20.66 | -9.63 | -4.14 | -5.12 | -3.39 |
| EPS Diluted | -3.69 | -20.66 | -9.63 | -4.14 | -5.12 | -3.39 |
| Weighted Avg Shares Out | 132.19M | 24.57M | 20.48M | 24.53M | 24.53M | 24.53M |
| Weighted Avg Shares Out (Dil) | 132.19M | 24.57M | 20.48M | 24.53M | 24.53M | 24.53M |
Wheels Up Experience: High Risk, High Reward; Catalysts Are In Place For Rebound (Rating Upgrade)
Shares of Wheels Up erased recent gains after reporting Q2 results. The company has simplified its customer offering, while also adding new flier perks with Delta that may help to turn around membership trends. Margins have improved and losses are...
Wheels Up Experience Inc. (UP) Q2 2024 Earnings Call Transcript
Wheels Up Experience Inc. (NYSE:UP ) Q2 2024 Earnings Call August 8, 2024 10:00 AM ET Company Participants Keith Ferguson - Investor Relations George Mattson - Chief Executive Officer Todd Smith - Chief Financial Officer Operator Hello, everyone, and welcome...
Wheels Up Reports Second Quarter Results
Strong operational performance and increased efficiencies contribute to sequential margin and profitability improvement ATLANTA , Aug. 8, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced financial results for the second quarter, which ended June 30, 2024. Second Quarter...
Wheels Up Introduces Further Pricing, Savings, and Rewards Transparency Designed to Drive Value and Increase Flexibility for Travelers
Wheels Up's industry-leading mobile app and website will allow travelers to effectively explore dynamic rates across dates and routes while tracking savings and loyalty progress NEW YORK , July 23, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP), a...
Wheels Up Announces Date of Second Quarter 2024 Earnings Release and Webcast
NEW YORK , July 18, 2024 / PRNewswire / -- Wheels Up Experience Inc. (NYSE: UP) today announced that it will release its second quarter 2024 financial results on Thursday, August 8, 2024. Management will provide a review of the quarter...
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Wheels Up Announces Streamlined Product Portfolio, Providing Global Access Through Options for Membership and Charter
Member benefits expanded to offer enhanced Delta loyalty rewards as well as guaranteed availability and recovery within the U.S., U.K. and Europe Updated portfolio introduces the first-ever charter program offering private flight credit and commercial airline benefits NEW YORK , June...
Wheels Up Experience Inc. (UP) Q1 2024 Earnings Call Transcript
Wheels Up Experience Inc. (NYSE:UP ) Q1 2024 Earnings Conference Call May 9, 2024 10:00 AM ET Company Participants Keith Ferguson - Investor Relations George Mattson - Chief Executive Officer Todd Smith - Chief Financial Officer Conference Call Participants Operator...
Wheels Up Reports First Quarter Results
Delivering continued operational performance improvements Positioned for long-term profitable growth NEW YORK , May 9, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced financial results for the first quarter, which ended March 31, 2024. First Quarter 2024 Highlights Total Revenue...
Wheels Up Appoints Dave Harvey as Chief Commercial Officer
Harvey to lead integration of Wheels Up's commercial functions, driving profitable business growth and further increasing market penetration NEW YORK , May 6, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced Dave Harvey as its new Chief...
Source: https://incomestatements.info
Category: Stock Reports