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NET LOSS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of 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 June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Numerator:
Net loss attributable to Wheels Up Experience Inc. - basic and diluted			$	(96,973)					$	(160,593)					$	(194,366)					$	(261,459)
Denominator:
Weighted-average shares of Common Stock outstanding - basic and diluted			697,458,966						25,570,200						697,403,388						25,446,199
Basic and diluted net loss per share of Common Stock			$	(0.14)					$	(6.28)					$	(0.28)					$	(10.27)

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:

			June 30,
			2024						2023
Warrants(1)			1,252,149						1,252,149
Earnout Shares			900,000						900,000
RSUs and PSUs			6,459,297						2,898,439
Stock options			1,081,993						1,320,291
Total anti-dilutive securities			9,693,439						6,370,879

(1)     Each Warrant entitles the holder to purchase 1/10th of one share of Common Stock at a price of $115.00 per whole share of Common Stock.

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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
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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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
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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