Wheels Up Experience: High Risk, High Reward; Catalysts Are In Place For Rebound (Rating Upgrade)

Aug. 12, 2024 2:06 AM ETWheels Up Experience Inc. (UP) Stock3 Comments
Gary Alexander profile picture
Gary Alexander
28.69K Followers
(10min)

Summary

  • Shares of Wheels Up erased recent gains after reporting Q2 results.
  • The company has simplified its customer offering, while also adding new flier perks with Delta that may help to turn around membership trends.
  • Margins have improved and losses are slimming as the company focuses its flight routes on a more profitable core, which better utilizes its maintenance and repair facilities.
  • Upgrading Wheels Up stock to a buy, especially as the company is looking ahead to adjusted EBITDA profitability later this year.

Drazen_/E+ via Getty Images

The heightened market volatility over the past several weeks, especially after interrupting months of calm, has returned the feeling of fear into many investors' mindsets. And yet, it's precisely when the market is jittery that some of the best long-term investments can be made, especially in

Create a free account to read the full article

Gain access to the world’s leading investment community.

Already registered?

By creating an account using any of the options above, you agree to the Terms of Use & Privacy Policy
or