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.
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.
Rao’s, Kirk Herbstreit, and Scott Van Pelt will be starring for Wheels Up as it announced its Super Bowl week for member hospitality
Super Bowl week is a cornerstone event for Wheels Up’s hospitality focus, and this year will be no different as the Big Game goes to Los Angeles.