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.
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.
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.
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.