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NET LOSS PER SHARE (AS RESTATED) (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share (in thousands, except per share data):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022 As Restated						2021						2022 As Restated						2021
Numerator:
Net loss attributable to Wheels Up Experience Inc. - basic and diluted			$	(148,838)					$	(58,485)					$	(330,250)					$	(114,050)
Denominator:
Weighted-average shares of Class A common stock outstanding - basic and diluted			244,351						235,341						244,348						191,057
Basic and diluted net loss per share of Class A common stock			$	(0.61)					$	(0.25)					$	(1.35)					$	(0.60)

Schedule of Anti-dilutive Securities

The following securities were not included in the computation of diluted shares outstanding, because the effect would be anti-dilutive, and issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Warrants			12,521,494						10,870,308						12,521,494						3,623,436
Earnout Shares			9,000,000						7,813,187						9,000,000						2,604,396
RSUs(1)			24,327,885						836,499						24,327,885						279,858
Stock options			14,150,655						16,879,379						14,150,655						16,463,474
Total anti-dilutive securities			60,000,034						36,399,373						60,000,034						22,971,164

(1) Includes RSUs, PSUs and CEO Market-Based RSUs outstanding as of September 30, 2022.

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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