Wheels Up Experience (UP) Asset Utilization Ratio (2021 - 2025)
Wheels Up Experience's Asset Utilization Ratio was 0.77 in Q3 2025, down 2.2% from 0.78 a year earlier but up 4.8% from the prior quarter.
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Analysis
Wheels Up Experience (UP) Asset Utilization Ratio (2021 - 2025) Analysis & Trends
For FY2024, Asset Utilization Ratio at Wheels Up Experience came in at 0.64, down 17.3% from FY2023.
- In earlier years, Asset Utilization Ratio was 0.77 in FY2023 (-4.4%), 0.81 in FY2022 (+13.2%) and 0.71 in FY2021.
- Quarterly Asset Utilization Ratio has moved between 0.65 (Q1 2022) and 3.96 (Q2 2021) over five years.
- Compared with a year earlier, Asset Utilization Ratio has declined for seven straight quarters, with an average decline of 11.3% over the last eight quarters.
- The best year-over-year quarter for Asset Utilization Ratio over five years was Q1 2023 (growth of 35.8%); the worst was Q2 2022 (a decline of 81.7%).
- Per Business Quant data, UP's Asset Utilization Ratio in the three quarters before Q3 2025 was 0.73 (Q2 2025), 0.69 (Q1 2025) and 0.72 (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - | 0.36 |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - | 0.33 |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - | 0.17 |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - | 1.26 |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - | 0.28 |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - | 0.98 |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - | 0.80 |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - | 0.98 |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn | 0.82 |
| 10 | Wheels Up Experience | 130.02 Mn | -408.08 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 0.77 |
| Jun 30, 2025 | 0.73 |
| Mar 31, 2025 | 0.69 |
| Dec 31, 2024 | 0.72 |
| Sep 30, 2024 | 0.78 |
| Jun 30, 2024 | 0.85 |
| Mar 31, 2024 | 0.88 |
| Dec 31, 2023 | 0.95 |
| Sep 30, 2023 | 1.04 |
| Jun 30, 2023 | 0.98 |
| Mar 31, 2023 | 0.88 |
| Dec 31, 2022 | 0.86 |
| Sep 30, 2022 | 0.82 |
| Jun 30, 2022 | 0.73 |
| Mar 31, 2022 | 0.65 |
| Dec 31, 2021 | 0.65 |
| Sep 30, 2021 | 1.11 |
| Jun 30, 2021 | 3.96 |
API Access
Wheels Up Experience Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=UP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "UP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=UP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();