Wheels Up’s Founder and CEO Kenny Dichter steps down; Core Membership program restructured into East and West zones
Wheels Up Founder, Chairman and CEO Kenny Dichter is stepping down immediately. CFO Todd Smith becomes Interim CEO. Board Member Ravi Thakran becomes Executive Chairman. At the same time, the company is restructuring its capped-rate Core membership program, per a flurry of press releases issued this morning.
Continue reading “Dichter resigns as Wheels Up revamps jet card program; reports Q1 financials”
As Wheels Up completes a year to forget, lower demand may provide the tailwind it needs to achieve its 2024 profitability goal
Increasing expenses continued to plague Wheels Up in 2022 as it recorded record revenues and higher prepaid block sales, countered by growing losses. It also made another executive change and announced discounted pricing on its King Air 350 fleet, a potential sign of things to come.
Continue reading “Wheels Up: 2022 Q4 revenues, loss increase, and what’s next?”
Targeting EBITDA profits in 2024, Wheels Up is cutting $30 million in employee costs, excluding pilots, frontline maintenance, and other customer-facing roles
In an email sent this afternoon to employees and a follow-up 8-k filing, Wheels Up said it will cut annual employee expenses by $30 million.
Continue reading “Wheels Up plans $30 million in savings via non-operational headcount reduction”
Laura Heltebran, Chief Legal Officer at Wheels Up, has joined the Advisory Board of Women Leading Travel & Tourism
Wheels Up Experience Chief Legal Officer Laura Heltebran is adding an Advisory Board role at Women Leading Travel & Hospitality to her duties.
Continue reading “Wheels Up’s Heltebran named to Women Leading Travel & Hospitality”