Delta Air Lines Wheels Up Archives

Wheels Up partners with Delta Air Lines to increase the pilot pipeline

July 21, 2022July 21, 2022by Doug Gollan

Pilots in Delta’s Propel program will be able to log hours at Wheels Up as a path to future employment with the leading airline

Wheels Up is partnering with minority owner Delta Air Lines to increase its pipeline of pilots.

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Wheels Up revenues surge to $261.7 million in Q1 as losses narrow

May 20, 2021May 20, 2021by Doug Gollan

As it looks ahead towards its IPO via SPAC merger, Wheels Up reports revenues, memberships and flying is up while its financial loss is down

Wheels Up for the first time reported quarterly results. They come ahead of its planned merger with SPAC Aspirational Consumer Lifestyle Corp. Once completed, Wheels Up will trade on the NYSE under the ticker symbol UP.

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Delta’s stake in Wheels Up soars to $520 million

April 29, 2021April 29, 2021by Doug Gollan3 Comments

The value of Delta Air Lines’ stake in Wheels Up increased to $520 million from $210 million, surpassing its 13% holding in Korean Air

Delta Air Lines’ decision to sell Delta Private Jets has yielded a huge gain on paper. It’s up over 100% just since the fourth quarter. In its latest 10-Q filing, the Atlanta-based airline increased the carrying value of its 24% interest in Wheels Up to $520 million. That makes the New York-based private aviation company its largest equity ownership stake.

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Wheels Up, Bell Textron to launch helicopter service

April 9, 2021April 9, 2021by Doug Gollan

Wheels Up with Bell Textron will launch a helicopter service later this year. The initiative provides connecting service to flights by partner Delta Air Lines

In February, United Airlines placed a $1 billion order for 200 Archer eVTOL aircraft

Wheels Up today announced it is partnering with Bell Textron, a Textron Inc. (NYSE: TXT) company. It plans to develop short- and long-term solutions with vertical take-off and landing (VTOL) aircraft. The collaboration will focus on the growing demand for convenient intra-urban travel from city centers and regional airport helipads.

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