Wheels Up Experience Inc. files 10-Q

Wheels Up Experience Inc. reported a net loss of $82.96 million for the first quarter of 2026, a decrease from the $99.31 million net loss in the same period of 2025, driven by revenue decline and increased interest expenses. The company also announced a 1-for-20 reverse stock split effective April 24, 2026, and secured a commitment letter for a $100 million unsecured term loan expected to close in the second quarter of 2026.