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Wheels Up Experience Inc. — Third Quarter 2026 Earnings Summary

  • GAAP revenue decreased 11% year-over-year to $164.8 million for Q3 2026, while Adjusted Contribution improved 15% to $27.0 million and Adjusted EBITDAR loss narrowed 44% to $13.2 million; however, net loss widened to $89.4 million and cash reserves declined to $51.8 million from $133.9 million at year-end 2025.
  • The company successfully transitioned its revenue mix, with Signature Membership revenue and membership counts surpassing legacy figures for the first time, driven by a 130% growth in Signature members and a 120% increase in premium fleet revenue offsetting a 44% decline in legacy fleet revenue.
  • Strategic capital deployment includes a $100 million credit facility commitment from Delta Air Lines, a landmark order for six new Embraer Phenom 300E aircraft for 2027 delivery, and a 120% increase in premium fleet utilization to 43 aircraft.
  • Management targets the full sunset of legacy membership programs in 2027 and continues to prioritize productivity improvements and deepening the Delta partnership to support long-term profitable growth.
Company
WHEELS UP EXPERIENCE INC
Sector
Industrials
Industry
Airports & Air Services