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Wheels Up Experience (UP) guidance and outlook

Wheels Up Experience's 10-Q filed Nov 5, 2026 makes 18 forward-looking statements.

Guidance and outlook

Forward-looking statements, 10-Q filed Nov 5, 2026

• Unless the context otherwise requires, references in this MD&A section to “Wheels Up,” “we,” “us,” “our,” and “the Company” are intended to mean the business and operations of Wheels Up Experience Inc. and its consolidated subsidiaries for all periods.
• We are focused on growing our premium jet fleet to meet expected future demand, including through the order of six (6) factory-new Embraer Phenom 300E premium jets that we expect will be delivered in the third and fourth quarters of 2027.
• On November 3, 2026, we took our latest step to align long-term fleet expansion with anticipated member and customer demand by entering into a purchase agreement with Embraer (the “Phenom Purchase Agreement”) to acquire six (6) factory-new Phenom 300E premium business jet aircraft, which are expected to be delivered in the third and fourth quarters of 2027.
• These aircraft are expected to supplement our growing fleet of Embraer Phenom 300 and 300E premium jets, and meaningfully contribute to our operations over the long-term.
• We also expect to continue opportunistically adding Bombardier Challenger 300 and 350 premium jets in 2027 to service expected membership and charter demand.
• We first announced in August 2025 that we were in the process of implementing initiatives expected to drive approximately $50 million in annual cash cost savings through efficiency, productivity and overhead cost reduction actions associated with our fleet modernization plan and other strategic plans.
• While a portion of the savings that we originally expected from such actions are reflected in our results for the three and nine months ended September 30, 2026, we anticipate that the full impact of the anticipated cost savings and control actions will be reflected in our financial results by the end of 2026 relative to a second quarter of 2025 baseline.
• In September 2026, we announced that an enhanced Sustainable Aviation Fuel (“SAF”) program will be our primary sustainability offering, replacing our previous carbon offsetting program.
• The Company expects to use any amounts borrowed under the 2026 Revolving Credit Facility for working capital and general corporate purposes, including to execute the Company’s ongoing business transformation, continue investing in its premium jet fleet and/or repay existing indebtedness, and to pay certain transaction-related expenses.
• We include Adjusted EBITDA and Adjusted EBITDAR as supplemental measures for, among others, assessing operating performance, for strategic internal planning, annual budgeting, allocating resources and making operating decisions, for bonus program target achievement determinations and as performance metrics for certain equity incentive compensation awards, and as useful information for historical period-to-period…
• These decreases were partially offset by an $84.9 million increase in third-party operator spend due to shifting certain flight activity to third-party operators as we scaled down and retired our legacy fleets from revenue service during the nine months ended September 30, 2026, a $8.8 million increase in aircraft lease costs and $4.9 million of legacy fleet retirement-related costs not present in our results for…
• We expect to meet our liquidity needs for the next 12 months with a combination of cash and cash equivalents, cash flows from operations, strategic dispositions of legacy aircraft, proceeds from borrowings under the Revolving Equipment Notes Facility, 2023 Revolving Credit Facility and 2026 Revolving Credit Facility, as needed, and, depending on market conditions, sales of shares of Common Stock or other debt or…

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Unless the context otherwise requires, references in this MD&A section to “Wheels Up,” “we,” “us,” “our,” and “the Company” are intended to mean the business and operations of Wheels Up Experience Inc. and its consolidated subsidiaries for all periods. We are focused on growing our premium jet fleet to meet expected future demand, including through the order of six (6) factory-new Embraer Phenom 300E premium jets that we expect will be delivered in the third and fourth quarters of 2027. On November 3, 2026, we took our latest step to align long-term fleet expansion with anticipated member and

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.