Wheels Up Experience Inc (UP) |
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Price: $2.6600
$-0.06
-2.206%
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Day's High:
| $2.95
| Week Perf:
| 9.92 %
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Day's Low: |
$ 2.62 |
30 Day Perf: |
-17.13 % |
Volume (M): |
1,445 |
52 Wk High: |
$ 6.08 |
Volume (M$): |
$ 3,844 |
52 Wk Avg: |
$1.93 |
Open: |
$2.74 |
52 Wk Low: |
$0.23 |
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Market Capitalization (Millions $) |
351 |
Shares
Outstanding (Millions) |
132 |
Employees |
13,000 |
Revenues (TTM) (Millions $) |
1,253 |
Net Income (TTM) (Millions $) |
-487 |
Cash Flow (TTM) (Millions $) |
-327 |
Capital Exp. (TTM) (Millions $) |
37 |
Wheels Up Experience Inc
Wheels Up Experience Inc is a private aviation company based in the United States. It offers a membership-based program that provides individuals and businesses with access to a fleet of private aircraft for personalized travel experiences. The company aims to make private aviation more accessible and convenient by providing a range of membership options and services. By leveraging advanced technology and strategic partnerships, Wheels Up Experience Inc strives to offer members a seamless booking process, flexible flight options, and exceptional customer service. Overall, the company aims to enhance the private travel experience by providing a high level of convenience, luxury, and comfort.
Company Address: 2135 American Way Chamblee 30341 GA
Company Phone Number: 257-5252 Stock Exchange / Ticker: NYSE UP
UP is expected to report next financial results on March 30, 2024. |
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Stock Performances by Major Competitors |
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Wheels Up Experience Inc
Despite facing significant financial challenges and posting substantial losses in recent quarters, Wheels Up Experience Inc. has made a strategic move to strengthen its position in the global market. The addition of Tom Klein, the Senior Managing Director of Certares Management LLC, to the company's Board of Directors is expected to enhance its aviation, travel, and hospitality expertise. Throughout the fiscal year of 2023, Wheels Up Experience Inc. encountered a cumulative net loss of $631 million, resulting in a negative ROI of -165.45%. These figures indicate the severity of the company's financial struggles and raise concerns about its ability to navigate the current economic climate. However, in a promising turn of events, the stock of Wheels Up Experience Inc. has seen a remarkable improvement of 142.86% compared to its value a year ago. This surge in stock value indicates growing investor confidence in the company and its ability to recover from its recent setbacks. Additionally, the share price of Wheels Up Experience Inc. has only declined by -29.53% during the first quarter of 2024, showcasing a remarkable resilience in the face of challenges. Furthermore, the stock is currently trading on the New York Stock Exchange at a remarkable 45.4% above its 52-week average. This suggests that investors are increasingly optimistic about the future prospects of Wheels Up Experience Inc. and are willing to invest in its long-term growth. While the company's financial results for the fiscal fourth quarter of 2023 showed a decrease in loss per share and an improvement in income per share compared to the previous year, the revenue experienced a decline of -39.651% to $246.38 million. However, it is important to note that revenue fell by -23.021% sequentially from $320.06 million in the prior quarter. These figures reflect the challenging market conditions faced by Wheels Up Experience Inc. One positive aspect to highlight is that in the fiscal fourth quarter of 2023, the net shortfall of $-81.115 million reported by Wheels Up Experience Inc. is significantly smaller than the deficit of $-224.909 million in the comparable quarter of the previous year. This decline in net shortfall demonstrates progress in managing the company's financial losses. Furthermore, a decline in inventories to $20.4 million and accounts receivable to $49.8 million implies a potential slowdown in demand. While this may be concerning, it also presents an opportunity for Wheels Up Experience Inc. to reassess its operations and align them with changing market dynamics.
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Personnel Announcements
Published Thu, Mar 7 2024 10:00 PM UTC
In a strategic move to bolster its global presence and enhance its aviation, travel, and hospitality expertise, Wheels Up Experience Inc. has announced the addition of Tom Klein, the Senior Managing Director of Certares Management LLC, to its Board of Directors. This news comes at a critical juncture for the company, which has been grappling with financial challeng...
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Wheels Up Experience Inc
Wheels Up Experience Inc, a prominent player in the Special Transportation Services industry, has seen a significant surge in its stock price over the course of the past month and this year. The stock has soared by an impressive 80.15% in the preceding 30 days and an astounding 124.76% in 2023. Currently trading on the New York Stock Exchange, Wheels Up Experience Inc's stock is standing tall at 83.4% above its 52-week average. However, despite the positive movement in the stock price, the company's recent financial report for the period ending June 30, 2023, paints a different picture. The report indicates that the company suffered from weak business performance during this period, resulting in an increase in losses. The net loss per share rose to $-6.28 from $-0.38, indicating a considerable decline in profitability. Furthermore, the company saw a 21.257% decrease in revenue, dropping from $425.51 million to $335.06 million compared to the same period in the previous year.
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Wheels Up Experience Inc
As a human, if I were a stock market investor, I would exercise caution before investing in Wheels Up Experience Inc. The company has recorded a substantial net loss of $-567 million during the 12 months ending in the first quarter of 2023, resulting in a negative return on equity (ROE) of -157.03%. This puts the company's financial performance below industry standards, with only two other companies having a higher ROE within the Special Transportation Services industry. Furthermore, while the company's overall ranking in terms of return on equity has improved this quarter compared to the previous one, it still remains at a lowly 2227 out of 3984. This suggests that the company has a long way to go before it can compete with other players in the market.
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Per Share |
Current |
Earnings (TTM) |
-10.58 $ |
Revenues (TTM) |
9.49 $
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Cash Flow (TTM) |
- |
Cash |
2 $
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Book Value |
0.74 $
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Dividend (TTM) |
0 $ |
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Per Share |
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Earnings (TTM) |
-10.58 $
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Revenues (TTM) |
9.49 $ |
Cash Flow (TTM) |
- |
Cash |
2 $
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Book Value |
0.74 $ |
Dividend (TTM) |
0 $ |
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Company Estimates |
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• Revenue Outlook
Wheels Up Experience Inc does not provide revenue guidance.
• Earnings Outlook
Wheels Up Experience Inc does not provide earnings estimates.
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