#USA #Atlanta #Wheels Up #Adjusted EBITDAR #Delta partnership

Wheels Up Presents Fourth Quarter Results

Wheels Up Experience Inc. (NYSE: UP) has unveiled its financial outcomes for the fourth quarter of 2025, marking a period of substantial advancements amidst the challenges faced in the previous fiscal year. The report highlights notable shifts in profitability, operational reliability, and customer engagement, indicating a positive trajectory for the company’s future.

Highlights of the Quarter

In the fourth quarter, Wheels Up reported a net loss of $29 million, representing a considerable improvement of 67% year-over-year. This reduction in losses can be attributed to a combination of factors, including a stronger revenue mix from profitable membership and charter services, and progress towards a $70 million cost reduction initiative. Additionally, one-time gains from aircraft sale-leaseback transactions bolstered the financial standing during this period.

The overall revenue for this quarter reached $184 million, remaining stable compared to the previous quarter but witnessing a year-over-year decline of 10%. This decline is largely tied to the discontinuation of certain membership programs and a decrease in group charter sales. However, the company’s efforts to modernize its fleet have been well received, positively influencing customer engagement and operational figures.

Increased Membership and Fleet Modernization

One major highlight is the introduction of the Wheels Up Signature Membership, tailored to aircraft in the Challenger and Phenom fleets. The rollout has been successful, with over 600 memberships sold shortly after launch, accounting for more than 40% of total Membership Fund sales during the quarter.

Wheels Up noted that 40% of its controlled jet fleet now consists of upgraded Phenom and Challenger jets as part of an expansive fleet modernization strategy. This is expected to be fully completed by the year’s end, earlier than previously anticipated.

Operational Metrics on the Rise

Operational excellence remains a cornerstone for Wheels Up’s financial strategy. The company reported a 99% Completion Rate, an increase of a full percentage point compared to last year, and an On-Time Performance rate of 91%, which is up four points from the previous quarter. With 24 brand days recorded—days where operations encountered no cancellations, including several peak holiday travel days—Wheels Up has demonstrated its commitment to delivering a high-quality customer experience.

Partnership with Delta Enhances Growth

Corporate membership has also experienced significant growth, bolstered by Wheels Up’s strategic partnership with Delta Air Lines. Corporate Membership Fund sales surged 35% year-over-year and constituted 40% of Membership Fund sales in the fourth quarter, underscoring the unique advantages of this collaboration.

Overall, Wheels Up is optimistic about continuing its momentum into 2026, anticipating the completion of its fleet transition and aligning its services with its strategic goals. CEO George Mattson underscored the importance of operational reliability and fleet modernization in achieving sustainable, profitable growth moving forward.

Conclusion

As Wheels Up closes the chapter on 2025, the company’s financial outcomes reflect a revitalization plan focused on investment in fleet upgrades and customer relations. The figures, while showing past declines in total revenue, indicate a solid foundation for restoration and growth in the private aviation sector, especially with advancements like high-speed satellite Wi-Fi installations expected to be completed by year-end on various aircraft. The company's path ahead appears promising, signaling a renewed focus on enhancing its service offerings and customer experience.