Wheels Up Experience shares rise 12.33% intraday after Q3 earnings report reveals $70M annual cash cost savings plan to boost efficiency.

Wheels Up Experience surged 12.33% intraday, driven by its Q3 earnings report revealing a $70 million annual cost-cutting plan to enhance operational efficiency. The company, a leading on-demand private aviation provider with one of the largest safety-certified fleets in the U.S., offers members and charter clients Delta Air Lines business travel benefits.