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’s IPO day investors saw share price fall over 80%. Yet, the private jet provider has more members than ever. Does stock price matter for flyers?
What a difference a year makes, particularly for Wheels Up. And what’s ahead for Flexjet and FlyExclusive now that they plan to become publicly traded on the New York Stock Exchange?
Continue reading “Private jet IPOs beg the question: Does stock price matter for customers?”
Proceeds will support Wheels Up’s investments in operations, technology, and member experience as it focuses on reaching positive adjusted EBITDA in 2024
Wheels Up Experience Inc. starts the NBAA-BACE conference here in Orlando with the first major announcement of the week.
Continue reading “Wheels Up nets $259 million via sale and issuance of equipment notes”
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”