An announcement from Wheels Up Experience ( (UP) ) is now available.
On March 11, 2025, Wheels Up Experience Inc. announced the appointment of John Verkamp as the new Chief Financial Officer, effective March 31, 2025. Verkamp brings over two decades of financial leadership experience from General Electric and GE Vernova. The company also reported its financial results for the fourth quarter and full year 2024, highlighting a revenue of $204.8 million for the quarter and $792.1 million for the year, despite a net loss. Wheels Up is undergoing a fleet modernization strategy, transitioning to preferred aircraft types, and has secured a $332 million revolving credit facility with support from Delta, aimed at enhancing its financial position and operational capabilities.
More about Wheels Up Experience
Wheels Up Experience Inc. operates in the aviation industry, offering private aviation services. The company focuses on fleet modernization and enhancing operational efficiency to meet customer demand, with a strategic partnership with Delta to provide integrated aviation solutions.
YTD Price Performance: -36.69%
Average Trading Volume: 918,631
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $746.8M
For detailed information about UP stock, go to TipRanks’ Stock Analysis page.
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