Wheels Up Experience Inc (UP)
NYSEIndustrialsAirlines, Airports & Air ServicesSnapshot 2026-09-04
$4.36-2.02%
Close 2026-09-04 · 1-day change
NYSEIndustrialsAirlines, Airports & Air ServicesSnapshot 2026-09-04
QuarterlyIQ Insights · UP
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -86.6% |
| Our one-year growth estimate | diamond | -14.8% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 71.7 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 9 industry peers · Company calendar date is not available
UP — credit agreement
Dated 2026-08-04
Entry into a Material Definitive Agreement. As previously disclosed by Wheels Up Experience Inc. (the “Company”) in filings with the U.S. Securities and Exchange Commission (“SEC”), the Company is party to a Credit Agreement, dated as of September 20, 2023 (as amended by Amendment No. 1 thereto, dated as of November 15, 2023, as further amended by Amendment No. 2 thereto, dated as of November 13, 2024, as further amended by Amendment No. 3 thereto, dated as of April 30, 2025, and as further a…
Why it matters: The lock-up extension shows Delta's confidence, which could stabilize or boost share prices.
Supportive ifShare price stays the same or goes up after the lock-up extension announcement.
Worry ifShare price goes down despite the lock-up extension. This shows investor doubt.
Why it matters: Improving operating income is key for financial health. This will show cost management success.
Supportive ifOperating income goes up by more than 5% from Q1.
Worry ifOperating income goes down compared to Q1.
Why it matters: A bigger loss would show serious money problems. This could hurt investor trust.
Worry ifNet loss is over $100 million. This shows worse financial health.
Less concerning ifNet loss is under $100 million. This suggests better money management.
Why it matters: Fast growth in Signature Membership helps make more money. It shows demand for premium services.
Supportive ifSignature Membership is over 1,500 members. This shows strong demand and engagement.
Worry ifMembership growth is under 1,200 members. This suggests weak demand for premium offerings.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$397 on $10,000 · ±4.0% | How much price usually moves either way. |
| Bad day | $1,117 loss on $10,000 · 11.2% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $9,153 loss on $10,000 · 91.5% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Closing this loan is crucial for funding growth plans and improving liquidity. It shows investor confidence.
Supportive ifThe company closes a $100 million loan deal with Delta and other investors.
Worry ifThe loan agreement fails to close or faces significant delays.
Why it matters: Ongoing financial support from Delta is key for Wheels Up's growth and stability.
Supportive ifDelta increases its financial support or investment in Wheels Up.
Worry ifDelta cuts its financial support or stops commitments.
Why it matters: This metric checks how well the sales force is doing and overall demand.
Worry ifQ3 total gross bookings decline worse than -8% year over year.
Less concerning ifTotal gross bookings stabilize or grow year over year.
Why it matters: A smaller loss in operating income shows that costs are better managed. Bigger losses mean more problems.
Supportive ifOperating income loss narrows from $57.4M in Q1 2026.
Worry ifOperating income loss widens beyond $57.4M.
Why it matters: Using funds wisely is key for growth. Updates will show management's plans.
Watch forManagement shares a clear plan for using funds from recent funding.
Also watch forThere is no news. Statements about money use are unclear.
Why it matters: This shows a positive change in demand. It supports management's focus on growth.
Supportive ifQ2 revenue growth exceeds 5% year over year, indicating strong demand for services.
Worry ifQ2 revenue growth is negative or below 0%. This shows ongoing challenges.
Why it matters: These savings are important for making more money and cutting losses.
Supportive ifManagement says they saved at least $70 million in cash costs.
Worry ifSavings are less than $70 million. This shows ongoing inefficiencies.
Why it matters: Using this loan well would help growth and stabilize the business.
Supportive ifWheels Up says they fully used the $100 million loan for growth.
Worry ifLoan use is below $50 million. This shows cash problems.
Why it matters: Recent changes in officers may change company strategy. Watching this will help understand future plans.
Watch forNew executives share plans that support revenue growth.
Also watch forNo new plans are shared after the executive changes.