Wheels Up Experience Q3 revenue down 4% on discontinued member programs

Wheels Up Experience

05/11/2025 12:02

Overview

Wheels Up Q3 revenue down 4% yr/yr, impacted by discontinued member programs

Net loss widens to $83.7 mln, with adjusted EBITDA loss of $23.2 mln

Company expects $70 mln in annual cost savings from productivity initiatives

Outlook

Company expects $70 mln in annual cost savings by Q3 2026

Wheels Up aims for positive Adjusted EBITDAR in 2026

Company anticipates fleet modernization completion by end of 2026

Result Drivers

FLEET MODERNIZATION - Non-recurring fleet modernization expenses and inefficiencies impacted financial results

MEMBERSHIP GROWTH - Growth in corporate memberships and on-demand charters driven by Delta partnership

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$185.50 mln
Q3 EPS
-$0.12
Q3 Net Income
-$83.70 mln
Q3 Adjusted EBITDA
-$23.20 mln


Press Release: ID:nPnbzv1VXa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)