Wheels Up’s 2022 Q3 revenues increased to $420 million, net loss jumped to $86 million, and Vinayak Hegde exits the #2 spot
Quarterly earnings calls for Wheels Up are becoming consistent: Big revenue growth, big losses, and top executive departures.
The company is promising to reach EBITDA profitability in 2024 as it moves to increase efficiency by combining its operating certificates in 2023
As Wheels Up posted record revenues and another significant loss, executives say program changes made earlier this year are paying off.
Non-members can once again book charter flights on Wheels Up on an as-available basis with uncapped, dynamic pricing
Wheels Up is again allowing non-members to book on-demand charter flights.
Wheels Up Chief Operating Officer Tom Bergeson, who joined the company in 2020, will retire in August
A second C-suite executive is leaving Wheels Up in as many months. Chief Operating Officer Tom Bergeson is retiring.