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Financial Results | Wheels Up Experience 2024 Full Year Revenue USD 792.10 Million Net Loss USD 339.64 Million
ByAinvest
Wednesday, Mar 12, 2025 2:00 am ET1min read
Wheels Up Experience(UP) posted the Q4 of its 2024 financial results on 3/11/2025, reporting total revenue of USD 792.10 million for the year, down 36.80% from USD 1253.32 million year over year, reporting net loss of USD 339.64 million for the year, narrowing 30.32% from USD -487.39 million year over year. The EPS is USD -0.49 for the year, compare with USD -3.69 last period.
[Detailed Data]
| Million USD | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| Total Revenue | 204.82 | 193.90 | 196.29 | 197.10 |
| Cost of Sales | 176.27 | 166.86 | 191.69 | 198.26 |
| Gross Profit | 28.55 | 27.04 | 4.60 | -1.16 |
| Total Operating Expenses | 100.80 | 84.11 | 100.17 | 95.93 |
| Operating Income | -72.25 | -57.07 | -95.57 | -97.08 |
| Net Income | -87.54 | -57.73 | -96.97 | -97.39 |
| Net Income Attributable to Common Shareholders | -87.54 | -57.73 | -96.97 | -97.39 |
| EPS(USD) | -0.1254 | -0.08 | -0.14 | -0.14 |
[Company Profile]
Wheels Up Experience Inc. is a Delaware limited liability company formed on July 1, 2013. Wheels Up is a leading provider of on-demand private aviation in the U.S. and one of the largest private aviation companies in the world. Wheels Up offers a complete global aviation solution with a large, modern and diverse fleet, backed by an uncompromising commitment to safety and service. Customers can access membership programs, charter, aircraft management services and whole aircraft sales, as well as unique commercial travel benefits through a strategic partnership with Delta Air Lines. Wheels Up also offers freight, safety and security solutions and managed services to individuals, industry, government and civil organizations.
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