Recent Updates — WSUPW

Wheels Up Experience Inc. announced that Chief Sales Officer Mark Briffa departed his role on August 10, 2026, remaining through September 1 to transition duties assumed by Chief Digital Officer David Godsman. A settlement agreement requires continued salary through December 31, 2026, and lump-sum severance of £378,354.82, plus a full-year discretionary bonus subject to performance metrics. Briffa forfeited most equity awards except for specific RSUs vesting by September 2027. The company operates in the private aviation and jet card services industry.

Wheels Up Experience Inc. reported second quarter 2026 financial results showing GAAP revenue of $182.0 million, a 4% year-over-year decline driven by the disposition of non-core services businesses in 2025. The company posted a net loss of $107.2 million, or $(2.97) per share, an increase from the prior year period primarily due to higher interest expense and aircraft lease costs, alongside a $12.7 million non-cash impairment charge related to legacy fleet retirement. Total gross bookings fell 8% to $241.8 million as lower U.S. private jet charter volume was offset by growth in premium aircraft demand. Adjusted EBITDAR loss improved 27% year-over-year to $19.9 million, supported by a 20% increase in fleet utility following the completion of fleet modernization. Additionally, the company announced Amendment No. 5 to its Credit Agreement, extending Delta Air Lines' $100.0 million revolving credit facility commitment by two years through September 20, 2028. Wheels Up Experience Inc. operates in the private aviation industry, providing on-demand charter flights and membership programs.