Wheels Up follows cost savings announcement with layoffs

Following its previous announcement that it was seeking $50 million in annualized cost savings, Wheels Up today implemented a series of layoffs, multiple sources tell Private Jet Card Comparisons.

In announcing its Q2 2025 results early last month, the Delta Air Lines-backed private jet flight provider announced plans to implement “efficiency, productivity, and overhead cost reductions” resulting from its fleet modernization plan.

Last week, Wheels Up debuted a new membership program under the Signature banner.

The program offers both dynamic and fixed-rate pricing options matched to the Phenom 300s and Challenger 300s, which are its new fleet platform.

The Signature launch included the announcement that Wheels Up would once again offer fixed rates on a national basis.

Regarding the layoffs, a spokesperson says, “As a matter of policy, Wheels Up does not comment on personnel matters out of respect for the privacy of those involved.”

One source says pilots will be the most significant part of the layoffs.

Last month, Wheels Up sold three non-core businesses it acquired as part of its Air Partner acquisition.

That sale netted around $20 million, according to the company.

Following the transaction, CEO George Mattson said, “The sale, along with our recently announced initiatives estimated to drive approximately $50 million of cost efficiencies, is expected to create meaningful tailwinds on our path to sustained, profitable growth.”

Wheels Up is seeking to gain profitability after increasing losses as it integrated more than a half dozen acquisitions during record growth spurred by the pandemic.