Business
Wheels Up Announces First Quarter Results and New Delta-Led Financing
Wheels Up Experience Inc. (NYSE:UP) today announced financial results for the first quarter of 2026. Highlights of the quarter, including GAAP results, non-GAAP financial measures and key operating metrics, are on pages three to five and incorporated herein.
About this update from Wheels Up Experience Inc.
[{"type":"text","content":"Revenue performance driven by strong demand for Signature and charter offerings, offset by wind down of legacy jet flying","length":121,"tagName":"p","attribs":{}},{"type":"text","content":"Record levels of reliability and On-Time Performance","length":52,"tagName":"p","attribs":{}},{"type":"text","content":"New financing commitments from Delta-led investor group and AIP Capital expected to fund additional fleet investment and multi-year business growth","length":147,"tagName":"p","attribs":{}},{"type":"text","content":"ATLANTA, May 11, 2026 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced financial results for the first quarter of 2026. Highlights of the quarter, including GAAP results, non-GAAP financial measures and key operating metrics, are on pages three to five and incorporated herein.","length":296,"tagName":"p"},{"type":"image","alt":"Wheels Up (PRNewsfoto/Wheels Up)","displaySize":"","headline":null,"caption":"Wheels Up (PRNewsfoto/Wheels Up)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":236,"url":"https://media.zenfs.com/en/prnewswire.com/a6acad0349927d2504f4c372a02b4d30"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/RK4xX.y35Xjp5qETV_qCzQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQxNg--/https://media.zenfs.com/en/prnewswire.com/a6acad0349927d2504f4c372a02b4d30","width":400,"height":236},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/.w8exkxVSh.c8BVDeJdINQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTM3OA--/https://media.zenfs.com/en/prnewswire.com/a6acad0349927d2504f4c372a02b4d30","width":400,"height":236}},"href":"https://mma.prnewswire.com/media/1776408/Wheels_Up_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Commentary from Wheels Up's Chief Executive Officer George Mattson about the Company's financial and operating results for the first quarter of 2026 is included in an Investor Letter that can be found on Wheels Up's Investor Relations website at https://investors.wheelsup.com.","length":294,"tagName":"p"},{"type":"text","content":"First Quarter 2026 Results","length":26,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"GAAP Revenue of $168.9 million, down 5% year over year, with continued stabilization of Private Jet Flight Revenue driven by strong growth in Phenom and Challenger revenue...