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UP Wheels Up Experience

Wheels Up, the leading brand in private aviation, is the only company in the industry to offer a total private aviation solution that includes world-class safety, service, and flexibility through on-demand private flights across all cabin categories, membership programs, corporate solutions, aircraft management, whole aircraft sales, and commercial travel benefits through a strategic partnership with Delta Air Lines. Wheels Up, which was founded and is led by renowned entrepreneur Kenny Dichter, is uniquely positioned to offer its Customers and Members access to over 1,500 safety-vetted and verified aircraft. Through the Wheels Up App anyone can search, book, and fly. Wheels Up Connect, Core, and Business memberships provide enhancements such as flight sharing, empty-leg Hot Flights, Shuttle Flights, Shared Flights, signature Wheels Down events, and exclusive member benefits from preeminent lifestyle brands. The Company's ongoing Wheels Up Cares program aligns with philanthropic organizations and initiatives that affect and matter to the Company and its Customers, Members, stakeholders, families, and friends. The Wheels Up Cares fleet is comprised of five custom painted Beechcraft King Air 350i aircraft; each plane serves as a flying symbol for a specific cause.

Company profile

UP stock data

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Calendar

19 Aug 21
25 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
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Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 28.67K 28.67K 28.67K 28.67K 28.67K 28.67K
Cash burn (monthly) 11.24K 150.2K 156.17K 523.96K (positive/no burn) (positive/no burn)
Cash used (since last report) 43.22K 577.54K 600.5K 2.01M n/a n/a
Cash remaining -14.55K -548.86K -571.82K -1.99M n/a n/a
Runway (months of cash) -1.3 -3.7 -3.7 -3.8 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 Sep 21 Adelman David J. Class A Common Stock, par value $0.0001 per share Grant Acquire A No No 0 17,500 0 17,500
17 Sep 21 Armstrong Timothy M Class A Common Stock, par value $0.0001 per share Grant Acquire A No No 0 17,500 0 17,500
17 Sep 21 Chih T Cheung Class A Common Stock, par value $0.0001 per share Grant Acquire A No No 0 17,500 0 17,500
17 Sep 21 Marc-Kwesi Terrence Richard Farrell Class A Common Stock, par value $0.0001 per share Grant Acquire A No No 0 17,500 0 17,500
17 Sep 21 Mullen Michael G Class A Common Stock, par value $0.0001 per share Grant Acquire A No No 0 17,500 0 17,500

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

10.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 74 76 -2.6%
Opened positions 27 74 -63.5%
Closed positions 29 3 +866.7%
Increased positions 16 0 NEW
Reduced positions 19 0 NEW
13F shares
Current Prev Q Change
Total value 373.1M 346.55M +7.7%
Total shares 26.59M 23.37M +13.8%
Total puts 24.4K 0 NEW
Total calls 82.7K 416.67K -80.2%
Total put/call ratio 0.3
Largest owners
Shares Value Change
Aspirational Consumer Lifestyle Sponsor 5.92M $59.01M 0.0%
Linden Advisors 2.26M $22.56M NEW
Citadel Advisors 1.77M $17.54M NEW
Integrated Core Strategies 1.57M $15.62M 0.0%
Woodson Capital Management 1.49M $14.9M -0.5%
TimesSquare Capital Management 1.35M $13.43M +3.7%
Linden Capital 1.32M $13.16M NEW
683 Capital Management 1M $9.98M NEW
Weiss Asset Management 901.15K $8.99M +18.9%
Millennium Management 807.79K $8.06M -1.6%
Largest transactions
Shares Bought/sold Change
Linden Advisors 2.26M +2.26M NEW
Artisan Partners Limited Partnership 0 -2.16M EXIT
Citadel Advisors 1.77M +1.77M NEW
Linden Capital 1.32M +1.32M NEW
683 Capital Management 1M +1M NEW
Emerson Point Capital 0 -722.11K EXIT
Deer Park Road 548.26K +548.26K NEW
Southpoint Capital Advisors 0 -500K EXIT
Marshall Wace 0 -452.63K EXIT
BlueCrest Capital Management 0 -433.18K EXIT

Financial report summary

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Management Discussion
  • We have neither engaged in any operations nor generated any operating revenues to date. Our only activities from inception through June 30, 2021 were organizational activities, those necessary to prepare for the Initial Public Offering, described below, and the search for a target company for a Business Combination. We do not expect to generate any operating revenues until after the completion of our initial Business Combination. We generate non-operating income in the form of interest income on marketable securities held in the Trust Account. We incur expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses in connection with searching for, and completing, a Business Combination.
Content analysis
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Constraining
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Proxies

No filings