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Wheels Up is a New York-based provider of private aviation services, including memberships with fixed rates and guaranteed availability. The membership price starts at $2,995. However, there are a variety of membership and pricing options.
Wheels Up announced a series of program changes today, including price increases. The news came in emails sent to members of the leading private jet provider.
Wheels Up is making the second significant update to its jet card membership program in six months. But, once again, it will allow existing members to put down more funds and new members to join under current terms until the new rules and pricing go into effect on June 1, 2022.
Private jet membership provider Wheels Up is expanding its super-midsize discount program. It now includes all flights within the Continental U.S. of 3.5 hours or more. The lower prices apply to Core and Business members and will cut flight costs on a variety of routes from places like New Orleans, Nashville, Detroit, Cleveland, Chicago, and St. Louis to the West Coast.
If the stock price is the vote of Wall Street, the third-quarter financial results of Wheels Up with higher losses due to higher expenses despite higher revenues is bad news.