Wheels Up Experience shares surge 13.04% intraday following $150 million credit facility to support liquidity and turnaround efforts.

Wheels Up Experience (UP) surged 13.04% intraday after announcing a new $150 million credit facility led by a major financial institution. The funding aims to address liquidity needs and support the company’s ongoing turnaround efforts, which have driven recent share price momentum. Despite the stock trading at a price-to-sales ratio of 0.9x—above the North American Airlines industry average of 0.5x—the credit facility signals improved financial flexibility, potentially boosting investor confidence in the company’s recovery. The 7-day and 30-day share price returns of 42.83% and 35.01%, respectively, suggest growing optimism around the turnaround strategy, aligning with the intraday rally. The second news event, focusing on unrelated stock updates and forecasts for other companies, had no direct impact on UP’s price movement.