Wheels Up Experience Inc. (UP) Income Statement Analysis

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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)

Industry: Airlines, Airports & Air Services

Sector: Industrials

Website: https://www.wheelsup.com

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

Private jet operator Wheels Up warns of 'substantial doubt' over its survival despite cash from Delta

August 9, 2023foxbusiness.com

Private jet operator Wheels Up received a cash infusion from investor Delta Air Lines Wednesday after warning of "substantial doubt" about continuing operations.

UP Stock Alert: Wheels May Need to Cease Operations

August 9, 2023investorplace.com

Wheels Up (NYSE: UP ) stock briefly rose about 8% in premarket trading before sinking over 20% today after the market opened. Earlier this morning, the aviation start-up announced that it would explore strategic options.

Jet charter firm Wheels Up says Delta funding may not be enough

August 9, 2023reuters.com

Wheels Up Experience said on Wednesday there was "substantial doubt" about its ability to continue operations, even as it received short-term funding from Delta Air Lines.

Wheels Up Pursuing Strategic Options

August 9, 2023prnewswire.com

NEW YORK , Aug. 9, 2023 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) is actively involved in discussions around strategic business partnerships for the company and today announced that Delta Air Lines has provided a short-term capital infusion to...

Wheels Up Announces Date of Second Quarter 2023 Earnings Release and Conference Call

July 20, 2023prnewswire.com

NEW YORK , July 20, 2023 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP), the leading brand in private aviation, today announced that it will release its second quarter 2023 financial results on Wednesday, August 9, 2023. Management will host...

These 3 companies are facing delistings from NYSE

July 13, 2023finbold.com

Stock delistings refer to events that involve the removal of a company's shares from trading on a specific exchange. A stock can get delisted from an exchange due to several reasons, and usually have significant implications for companies and their...

ROSEN, A LEADING LAW FIRM, Encourages Wheels Up Experience Inc. Investors with Losses Over $100K to Secure Counsel Before Important Deadline in Securities Class Action Filed by the Firm – UP

June 6, 2023headlinesoftoday.com

NEW YORK, June 6, 2023 /PRNewswire/ — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Wheels Up Experience Inc. (NYSE: UP) between November 9, 2022 and March 31, 2023, both dates inclusive...