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A strategic partnership to develop best-in-class experiences for Wheels Up fliers A strategic partnership to develop best-in-class experiences for Wheels Up fliers

Knighthead Capital Management is a New York-based hedge fund specializing in fundamental analysis, operational and financial turnarounds, and risk management.

Wheels Up's turnaround shows progress with reduced adj. EBITDA losses, but the company still operates at a loss and faces cash runway concerns. Management's fleet renewal plan aims to boost demand but involves significant capital investments, risking further stock dilution and financial strain. Despite a 60% stock decline, Wheels Up's valuation remains high compared to peers, making it an unattractive investment.

Verkamp to bring extensive financial leadership experience to help drive strategic growth plan ATLANTA , March 11, 2025 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP), a global leader in private aviation, today announced the appointment of John Verkamp as Chief Financial Officer. With a track record of financial leadership and a deep understanding of complex operations, John will oversee the company's global finance organization.

Financial performance illustrates momentum with business transformation Fleet modernization underway, with 18 new Phenom jets entering Wheels Up's controlled fleet and the company's first Challengers set to enter service by April 1 John Verkamp appointed Chief Financial Officer, to join company on March 31 ATLANTA , March 11, 2025 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced financial results for the December quarter and full year ended 2024. Highlights of the December quarter and full year 2024, including GAAP results, non-GAAP financial measures and key performance metrics, are on page three and incorporated herein.

Wheels Up Experience (UP) stock price crashed to a record low of $1 on Monday as investors waited for its quarterly financial results. The UP share price has crashed by 35% this year, lagging behind other companies in Wall Street.

ATLANTA , Feb. 25, 2025 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:  UP ) today announced that it will release its fourth quarter 2024 financial results on Tuesday, March 11, 2025. Earnings materials will be available on the Wheels Up investor relations website at investors.wheelsup.com.

ATLANTA , Oct. 17, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced that it will release its third quarter 2024 financial results on Thursday, November 7, 2024. Management will provide a review of the quarter and business update in prepared remarks during a webcast at 10 am ET.

Wells to lead Wheels Up's enterprise planning, fleet and corporate strategy, corporate development and commercial partnerships, leveraging her years of industry experience ATLANTA , Oct. 8, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced Meaghan Wells as its new EVP of Enterprise Planning and Strategy, to lead the development of the company's long-term growth strategy and further cement Wheels Up's position as a leader in global aviation solutions. Wells has a dynamic background and experience, specializing in driving growth and securing capital for rapidly scaling organizations.

Approximately 97.2% of lead investor shares will remain subject to the lock-up restriction until September 20, 2025 ATLANTA , Sept. 23, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced that lead investors, Delta Air Lines, Inc., CK Wheels LLC, and Cox Investment Holdings, LLC, agreed to extend the lock-up restriction with respect to all their shares of common stock issued under the Investment and Investor Rights Agreement, for an additional year, until September 20, 2025.