Wheels Up boosts full-year forecast after 113% Q2 growth

Kenny Dichter

Wheels Up boosts full-year revenue guidance from $912 million to $1.05-$1.1 billion; plans extra $25 to $35 million on tech, customer experience, pilot retention, and private jet capacity

Since becoming a publicly-traded company last month, Wheels Up is earning plaudits from at least one analyst following its first earnings call. At the same time, executives outlined how the private aviation provider deals with record demand that is swamping the industry.

Wheels Up 24-month target stock price $19 to $21 per share, says analyst

Barrington Research analyst Gary Prestopino gives Wheels Up an outperform rating and says its stock price could double

Wheels Up celebrated its IPO and the first day of trading on the New York Stock Exchange last week. It can also cheer what appears to be a solid report card from Barrington Research’s Gary Prestopino.

SPAC Aspirational sets July 12 to approve Wheels Up merger

Kenny Dichter

Aspirational Consumer Lifestyle Corp. sets July 12 to approve its proposed business combination with Wheels Up Partners Holdings LLC

SPAC Aspirational Consumer Lifestyle Corp. (NYSE: ASPL) has set July 12, 2021, as the meeting date for the extraordinary general meeting of its shareholders to approve its merger with Wheels Up Partners Holdings LLC. It expects that the business combination will close on July 13, 2021, subject to the approval of Aspirational’s shareholders and the satisfaction of other customary closing conditions, according to a press release.

Wheels Up revenues surge to $261.7 million in Q1 as losses narrow

Wheels Up Teal King Air 350i

As it looks ahead towards its IPO via SPAC merger, Wheels Up reports revenues, memberships and flying is up while its financial loss is down

Wheels Up for the first time reported quarterly results. They come ahead of its planned merger with SPAC Aspirational Consumer Lifestyle Corp. Once completed, Wheels Up will trade on the NYSE under the ticker symbol UP.

%d bloggers like this: