Tag: Vinayak Hegde

Wheels Up: Q3 revenue up 39%, losses continue, and a top exec leaves

November 9, 2022November 10, 2022by Doug Gollan

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.

Continue reading “Wheels Up: Q3 revenue up 39%, losses continue, and a top exec leaves”

Wheels Up Q2 revenue soars 49% to $425 million, with a $92 million net loss

August 11, 2022August 12, 2022by Doug Gollan

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.

Continue reading “Wheels Up Q2 revenue soars 49% to $425 million, with a $92 million net loss”

Wheels Up re-opens private jet bookings to non-members

July 19, 2022July 19, 2022by Doug Gollan

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.

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Wheels Up COO Bergeson to retire next month

July 15, 2022July 15, 2022by Doug Gollan

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.

Continue reading “Wheels Up COO Bergeson to retire next month”

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