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AI brief of an SEC Form 8-K · Wheels Up Experience Inc. (UP)

Wheels Up Q2 revenue falls 4% to $182.0 million; net loss widens to $107 million

Negative Impact 3 of 5 earnings Written later

Wheels Up reported second-quarter 2026 results, with revenue down 4% year over year and a net loss of $107 million, up from $82 million a year earlier. The company also disclosed Amendment No. 5 to its credit agreement, which extends Delta Air Lines' $100.0 million revolving credit facility availability to September 20, 2028, without changing the commitment amount.

Key points

  • Revenue of $182.0 million, down 4% from $189.6 million; Total Gross Bookings fell 8% to $241.8 million
  • Net loss of $107 million, or $(2.97) per share, versus $82 million, or $(2.35) per share, a year earlier
  • Interest expense rose to $33.0 million from $22.1 million; Adjusted EBITDAR loss narrowed to $19.9 million from $27.3 million
  • Delta extended availability of its $100.0 million revolver to September 20, 2028; Delta beneficially owned about 36.3% of Class A common stock as of July 31, 2026

The filing

CompanyWheels Up Experience Inc. (UP)
Form8-K, current report
Filed with the SECAug 4, 2026, 6:56 AM ET
Accession number0001628280-26-052133

Items reported: 1.01 Material Definitive Agreement2.02 Results of Operations2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.