Charter & Fractional
Wheels Up Revenues, Losses Fall in 4Q
Total revenues decreased 40% but company stemmed loss by 64%
Wheels Up
© Wheels Up

Wheels Up Experience's fourth-quarter revenue decreased by $162 million year-over-year, to $246 million, but the company did stem its losses by 64 percent, the company said today during an earnings call.

"We made significant progress over the past quarter to improve our business for a sustainable future," said CFO Todd Smith. "We are continuing to optimize our cost structure and fleet to focus on profitability. With improving liquidity in the fourth quarter and our partnership with Delta, we believe we are well positioned to continue to invest in our business for the long term."

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