GET DAILY SIGNALSWheels Up Experience (UP) Stock Falls -29% in 30 Days After Q3 Earnings
Key Takeaways
- Wheels Up Experience (UP) shares declined roughly 29% over the past 30 days, sliding from about $3.59 to near $2.55 amid a broad multi-month downtrend.
- The move accelerated after third-quarter 2026 results, reported in early November, showed revenue down 11% year over year to $164.8 million and a net loss of $89.4 million.
- Persistent cash burn, negative shareholder equity, and roughly $833 million in total debt continue to weigh on investor sentiment.
- The company's premium-fleet transition is progressing: Signature Membership surpassed 1,500 accounts, up 130% year to date, while legacy memberships declined 62%.
- Over the trailing three months, the stock has lost roughly 52% and trades near its 52-week low of about $2.40.
Company Overview and Market Position
Wheels Up Experience Inc. operates as an on-demand private aviation provider, blending its own fleet of premium aircraft with a network of vetted charter operators. The focus remains on memberships, charter flights, and enterprise solutions built around Embraer Phenom 300 and Bombardier Challenger 300 series jets. A long-standing relationship with Delta Air Lines (DAL) supports fleet financing, sustainable aviation fuel access, and integrated travel options. I view UP as a useful indicator for trends in private aviation and higher-end consumer spending.
Recent Stock Price Performance
Over the last 30 days, UP fell approximately 29%, moving from a close near $3.59 to about $2.55, with the drop picking up speed after the third-quarter earnings release in early November. The decline fits a steeper three-month pullback of roughly 52%, taking the shares from near $5.36 down to current levels. This has left the stock near its 52-week low around $2.40 and below both the 50-day and 200-day moving averages, underscoring ongoing negative momentum. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Factors Behind the 30-Day Move
Third-quarter results released on November 5 served as the main catalyst. Revenue fell 11% year over year to $164.8 million, with private jet flight revenue down 7% to $143.9 million as legacy programs wound down. The net loss came in at $89.4 million, though gross profit rose by $16 million to $15.2 million and the adjusted EBITDAR loss narrowed 44%. Additional pressure came from the fleet modernization effort, including an order for six new Embraer Phenom 300E aircraft slated for 2027 delivery and a new $100 million revolving credit facility from Delta. Weak technical indicators, negative equity, sustained cash burn, and insider selling noted in early November all added to the selling pressure.
Broader Quarter-Long Drivers
The multi-month decline reflects ongoing market concerns around liquidity and path to profitability. Since early August, revenue has been affected by fleet modernization and the phase-out of legacy memberships. The shift toward a premium Phenom and Challenger fleet cut live flight legs by about a third year over year in the third quarter, even as revenue per flight leg increased 27%. High interest expense, paid-in-kind debt, a working capital deficit, and sizable debt maturities in 2028 and 2029 have kept sentiment cautious despite operational gains such as a 99.3% completion rate and rising Signature Membership numbers.
Key Items to Watch Going Forward
Attention should stay on cash generation and liquidity given the operating losses, negative equity, and large debt load. Progress toward the year-end premium fleet target, further growth in Signature Membership accounts, and the pace of legacy program wind-down will matter. Upcoming earnings and any guidance updates will draw scrutiny, along with Delta’s continued support and the 2027 timing of Phenom 300E deliveries. Broader private aviation demand, fuel and SAF costs, macroeconomic conditions for affluent consumers, and any refinancing or asset sale activity ahead of the 2028-2029 debt deadlines are also likely to shape the stock’s path. From what I see, tracking these elements closely will be essential.
Using AI Tools in My Research
I frequently turn to Tickeron’s Trending AI Robots to review active automated strategies across the market. The page highlights top-performing bots from a much wider platform, each running its own approach on different timeframes and metrics. This gives a practical way to compare systematic methods without reviewing the entire catalog, helping supplement fundamental analysis with data-driven perspectives.
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UP's RSI Oscillator is sitting in oversold zone for 1 day
It is expected that a price bounce should occur soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a +5.98% 3-day Advance, the price is estimated to grow further. Considering data from situations where UP advanced for three days, in 186 of 235 cases, the price rose further within the following month. The odds of a continued upward trend are 79%.
UP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 36 of 36 cases where UP's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 90%.
The Momentum Indicator moved below the 0 level on November 04, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on UP as a result. In 82 of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 90%.
The Moving Average Convergence Divergence Histogram (MACD) for UP turned negative on November 06, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In 45 of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where UP declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 90%.
The Aroon Indicator for UP entered a downward trend on November 10, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 9 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 20 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (-0.184) is normal, around the industry mean (0.918). P/E Ratio (-0.336) is within average values for comparable stocks, (-5.910). UP's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (0.572). Dividend Yield (0.000) settles around the average of (0.062) among similar stocks. P/S Ratio (0.158) is also within normal values, averaging (8.002).
The Tickeron Price Growth Rating for this company is 90 (best 1 - 100 worst), indicating slightly worse than average price growth. UP’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 100 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. UP’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 64, placing this stock worse than average.
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Fundamental Analysis Ratings
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Industry AirFreightCouriers
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