UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ FORM 10-Q ________________ [Mark One] þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-04321 WHEELS UP EXPERIENCE INC. (Exact Name of Registrant as Specif ...

Financial Data and Key Metrics Changes - The company reported over $345 million in fourth quarter revenue, a record high, representing a 64% year-over-year increase [10] - Full year revenue reached almost $1.2 billion, up over 70% year-over-year, exceeding guidance [10] - Adjusted contribution margin fell to 1.3% in the fourth quarter due to increased costs and operational challenges [58] - Adjusted EBITDA was negative $46.3 million for the quarter and negative $87.4 million for the year, within guidance [66] Business Line Data and Key Metrics Changes - Membership revenue grew 38% year-over-year in the fourth quarter and 27% for the full year, with strong retention rates around 80% for core business members [48] - Flight revenue increased 66% year-over-year for the quarter and 76% for the full year, with live flight legs up 63% year-over-year [51] - Aircraft management revenue grew 69% year-over-year for the fourth quarter and 70% for the full year [55] Market Data and Key Metrics Changes - The company has over 12,000 active members, growing by over 30% year-over-year [10] - Live flight legs increased to over 73,000 in 2021, up 65% year-over-year [10] - Prepaid block sales reached $540 million in the fourth quarter, up 80% year-over-year, providing strong revenue visibility [54] Company Strategy and Development Direction - The company aims to build a technology-enabled marketplace to optimize supply and demand in private aviation, similar to models used by Uber and Airbnb [5][6] - Focus on innovation to drive efficiency and unlock capacity, including leveraging machine learning and AI tools [8] - Planned global expansion through the acquisition of Air Partner, which will enhance international presence and operational capabilities [17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged short-term costs absorbed to prioritize customer service amid supply chain challenges [11] - Confidence in long-term customer value, with core memberships averaging over $80,000 in annual spending [13] - Anticipation of improved margins and operational efficiency as technology initiatives progress [81] Other Important Information - The company has a strong balance sheet with cash and cash equivalents of $784 million and essentially no debt [74] - Capital expenditures for 2022 are expected to be approximately $125 million, including $60 million for normal capital spending [73] Q&A Session Summary Question: Balancing 1P, 2P, and 3P Investments - The company plans to focus more on 1P fleet due to higher profit margins, while currently seeing more profitability from 2P fleet [85] Question: Pilot Retention and Hiring - The company has implemented the Air Crew-360 program to improve pilot retention and has successfully hired 150 pilots, with expectations to have them certified by Q2 2022 [91][95] Question: Adjusted EBITDA Components - Key components affecting adjusted EBITDA include $40 million in depreciation, $10 million related to earn-out shares, $15 million in stock-based compensation, and $10 million in restructuring costs [99]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ FORM 10-K ________________ [Mark One] ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-04321 WHEELS UP EXPERIENCE INC. (Exact Name of Registrant as Specified i ...

WHEELS UP THIRD QUARTER 2021 EARNINGS NOVEMBER 10, 2021 DISCLAIMER F O R WA R D - LO O K I N G STAT E M E N T S This presentation contains certain "forward-looking statements" within the meaning of the federal securities laws. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies of Wheels Up Experience Inc. ("Wheels Up", the "Company", "we", "us" or "our") regarding the future including, without limitation, statemen ...

Wheels Up Experience Brands, Inc. (NYSE:UP) Q3 2021 Earnings Conference Call November 10, 2021 8:30 AM ET Company Participants Keith Ferguson - IR Kenneth Dichter - Founder, CEO & Chairman Vinayak Hegde - President Eric Jacobs - CFO Conference Call Participants Sheila Kahyaoglu - Jefferies Hunter Keay - Wolfe Research Gary Prestopino - Barrington Research Associates Aaron Kessler - Raymond James & Associates Marvin Fong - BTIG Michael Bellisario - Robert W. Baird & Co. Brian Nowak - Morgan Stanley Operator ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ FORM 10-Q ________________ [Mark One] ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-04321 WHEELS UP EXPERIENCE INC. (Exact Name of Registrant as Sp ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-39541 WHEELS UP EXPERIENCE INC. (Exact name of registrant as specified in its charter) | Delaware | 001-39541 | 98-15 ...

Wheels Up Experience Inc. (NYSE:UP) Q2 2021 Results Conference Call August 13, 2021 8:30 AM ET Company Participants Keith Ferguson - IR Kenny Dichter - Chairman and CEO Vinayak Hegde - Chief Marketplace Officer Eric Jacobs - CFO Conference Call Participants Sheila Kahyaoglu - Jefferies Michael Bellisario - Baird Gary Prestopino - Barrington Research Oliver Chen - Cowen Operator Hello, everyone. And welcome to the Wheels Up Second Quarter 2021 Earnings Call. My name is Bethany, and I’ll be coordinating your ...

WHEELS UP SECOND QUARTER 2021 EARNINGS AUGUST 12, 2021 DISCLAIMER The historical financial information in this press release relates to Wheels Up Partners Holdings LLC's operations prior to the business combination. Going forward, financial results will be presented on a combined company basis. F O R WA R D - LO O K I N G STAT E M E N T S This presentation contains certain "forward-looking statements" within the meaning of the federal securities laws. These forward-looking statements include, but are not li ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 ¨TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 +65 6672 7605 (Registrant's telephone number, including area code) For the transition period from to Commission File No. 001-39541 Aspirational Consumer Lifestyle Corp. (Exact name of registrant ...