Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE (Tables)

v3.22.2
NET LOSS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth the computation of basic and diluted net loss per share (in thousands, except share data):
Three Months Ended June 30, Six Months Ended June 30,
2022 2021 2022 2021
Numerator:
Net loss attributable to Wheels Up Experience Inc. - basic and diluted $ (92,760) $ (26,156) $ (181,413) $ (55,565)
Denominator:
Weighted-average shares of Class A common stock outstanding - basic and diluted 244,086  169,024  244,347  168,936 
Basic and diluted net loss per share of Class A common stock $ (0.38) $ (0.15) $ (0.74) $ (0.33)
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, or 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 June 30, Six Months Ended June 30,
2022 2021 2022 2021
Warrants 12,521,494  —  12,521,494  — 
Earnout Shares 9,000,000  —  9,000,000  — 
RSUs(1)
22,574,086  —  22,574,086  — 
Stock options 15,943,297  16,234,297  15,943,297  16,234,297 
Total anti-dilutive securities 60,038,877  16,234,297  60,038,877  16,234,297 
(1) Includes RSUs, PSUs and CEO Market-Based RSUs outstanding as of June 30, 2022.