Wheels Up’s move to drop new-member flight restrictions imposed in November may signal that its efforts to create more supply are working
After imposing flight blackout restrictions for most new members during their first 90 days back in November, today, Wheels Up rescinded those restrictions. New Core members depositing $400,000 had been exempted.
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Wheels Up boosts full-year revenue guidance from $912 million to $1.05-$1.1 billion; plans extra $25 to $35 million on tech, customer experience, pilot retention, and private jet capacity
Since becoming a publicly-traded company last month, Wheels Up is earning plaudits from at least one analyst following its first earnings call. At the same time, executives outlined how the private aviation provider deals with record demand that is swamping the industry.
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Wheels Up CEO Kenny Dichter says he expects the private aviation provider to hit $1 billion in revenues in 2021 as he eyes future expansion into other luxury goods and services
After acquiring three of the nine largest Part 135 operators and tech platform Avianis, Wheels Up has seen flight activity rebound to pre-COVID-19 levels and is readying for the next chapter to take it beyond aviation, CEO and founder Kenny Dichter told attendees at Corporate Jet Investor Americas 2020 today.
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