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Wheels Up Experiences Surge 13.4% Ahead of Jefferies Conference Amid Cost-Cutting Measures and Divestments
ByAinvest
Friday, Aug 29, 2025 12:41 pm ET1min read
Wheels Up Experience Inc. (NYSE:UP) saw its share prices jump 13.4% to $3.3 on Thursday ahead of its presentation at the Jefferies Industrial Conference. The company's CEO will present in person and discuss its growth outlook following the divestment of three non-core businesses, expected to save $5 million in costs. Q2 revenues dropped 3% to $189.6 million, but the net loss narrowed by 15% to $82.3 million.
Wheels Up Experience Inc. (NYSE:UP) experienced a significant surge in its share price on Thursday, July 2, 2025, jumping 13.4% to $3.3 per share. The company's share price increase came ahead of its presentation at the upcoming Jefferies Industrial Conference, where CEO George Mattson will present in person [2].The presentation is scheduled to take place on Thursday, September 4, 2025, at 12:50pm ET. Investors will be closely watching for updates on the company's growth outlook and strategic plans following the recent divestment of three non-core businesses. These businesses, including Baines Simmons, Kenyon International Emergency Services, and Redline Assured Security, were sold to TrustFlight, a leading aviation safety and compliance solutions provider [1].
The divestment is expected to save Wheels Up $5 million in costs and is part of the company's strategy to focus on its core business. CEO George Mattson stated that the sale, along with other cost-saving initiatives, will create meaningful tailwinds for the company's path to sustained, profitable growth [1].
In the second quarter of 2025, Wheels Up reported a net loss of $82.3 million, a 15% improvement from the same period last year when the net loss was $96.97 million. However, revenues dropped by 3% to $189.6 million compared to the previous year's $196 million. The company's financial performance highlights the ongoing challenges it faces, but the divestment and cost-saving measures suggest a strategic shift aimed at improving profitability [1].
The upcoming presentation at the Jefferies Industrial Conference will provide investors with valuable insights into Wheels Up's future plans and potential growth opportunities.
References:
[1] https://finance.yahoo.com/news/wheels-surges-13-4-ahead-163503452.html
[2] https://www.marketscreener.com/news/wheels-up-to-present-at-jefferies-industrials-conference-ce7c50dfd18ef226
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