Charter & Fractional
Wheels Up Sees Higher Revenue in Q4 But Also a Net Loss
New York-based Wheels Up also reported a 31 percent increase in active members for the year.
With increasing membership and rising flight activity, Wheels Up noted it is working to increase its capacity with initiatives underway to improve its profitability.
With increasing membership and rising flight activity, Wheels Up noted it is working to increase its capacity with initiatives underway to improve its profitability.

Private-lift membership company Wheels Up increased revenue and added members but also reported a net loss in the fourth quarter of 2021, the New York-based firm announced yesterday. During the period, revenue increased 64 percent year-over-year to $345 million while the number of active members grew 31 percent to 12,040, Wheels Up reported.