Opinions
The Weekly Buzzing Stocks by Billy Kawasaki
Wheels Up Experience Inc
UP-N
TOP PICK
Feb 02, 2023
$1.365
Stock price when the opinion was issued
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RISKY
They offer a membership for private jets. Two-thirds of fligths use their own aircraft, though they plan to be asset-light in coming years. The average member spends $70K a year. UP has a big partnership with Delta, their major shareholder. The pandemic has been great for business. Membership is up 47% and total revenue is up 113% YOY. The stock has been hammered. UP is risky, but has good growth and the stock is cheap. A spec buy.
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TOP PICK
Wheels Up Experience, Inc. is a provider of private aviation services in the U.S. through a fleet of owned, managed, and third-party planes. The company was founded by Kenneth Dichter on August 1, 2013 and is headquartered in Chamblee, GA. Social media mentions are up 271% in the past 24h.
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Wheels Up, the leading brand in private aviation, is the only company in the industry to offer a total private aviation solution that includes world-class safety, service, and flexibility through on-demand private flights across all cabin categories, membership programs, corporate solutions, aircraft management, whole aircraft sales, and commercial travel benefits through a strategic partnership with Delta Air Lines. Wheels Up, which was founded and is led by renowned entrepreneur Kenny Dichter, is uniquely positioned to offer its Customers and Members access to over 1,500 safety-vetted and verified aircraft. Through the Wheels Up App anyone can search, book, and fly. Wheels Up Connect, Core, and Business memberships provide enhancements such as flight sharing, empty-leg Hot Flights, Shuttle Flights, Shared Flights, signature Wheels Down events, and exclusive member benefits from preeminent lifestyle brands. The Company's ongoing Wheels Up Cares program aligns with philanthropic organizations and initiatives that affect and matter to the Company and its Customers, Members, stakeholders, families, and friends. The Wheels Up Cares fleet is comprised of five custom painted Beechcraft King Air 350i aircraft; each plane serves as a flying symbol for a specific cause. Social media mentions are up 233% in the past 24h.