Wheels Up: 2022 Q4 revenues, loss increase, and what’s next?

Wheels Up

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.

Wheels Up plans $30 million in savings via non-operational headcount reduction

Wheels Up

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.

Wheels Up to announce 2022 Q4 results March 9

Wheels Up

After promising profitability by next year, Wheels Up will post its 2022 fourth-quarter financials on March 9

Wheels Up announced this morning that it will release its fourth quarter 2022 financial results before the market opens on Thursday, March 9, 2023.

Wheels Up hosts Sean Payton, Russell Wilson at Super Bowl 57

Wheels Up Super Bowl Rao's

Wheels Up Founder Kenny Dichter kicks off Super Bowl hospitality with the Denver Broncos’ Quarterback Russell Wilson and new Head Coach Sean Payton

For Wheels Up members, the Super Bowl means big celebrity-filled parties and its traditional Rao’s pop-up restaurant.

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