Tag: Wheels Up Kenny Dichter

Kenny Dichter is the Founder, Chairman and CEO of Wheels Up, a provider of private aviation services he founded in 2013.

Kenny Dichter

Previously, Dichter founded Marquis Jet Partners in 2001 before selling it to NetJets in 2011.

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.

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Wheels Up announces fuel surcharges; outlines operational improvements

March 10, 2022March 10, 2022by Doug Gollan

In its Q4 financial call, Wheels Up announced record sales, losses, and detailed plans to reduce costs, and improve operations as cash grew from $535 million to $785 million

As expected, Wheels Up’s losses in Q4 mounted. However, executives painted a bright picture based on moves that increase efficiency, operational integrity and reduce costs in coming quarters. They also said cash and cash equivalents surged by a quarter billion dollars to $785 million as of December.

Wheels Up is the third-largest operator in North America, based on fractional and charter flight hours.

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Delta Air Lines switches Wheels Up board member

February 28, 2022February 28, 2022by Doug Gollan

Wheels Up investor Delta Air Lines has switched its representative on the private jet company’s board of directors

Delta Air Lines, a major investor in Wheels Up Experience after selling Delta Private Jets to the company in a 2019 deal, has switched its representative on the private jet company’s Board of directors.

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