Charter & Fractional
Wheels Up Revenues Grow, but So Do Losses
Though Wheels Up's second-quarter revenues increased 49 percent YOY, to $425 million, its losses in the three-month period ballooned to $92.7 million.
Wheels Up remains focused on its "journey towards significant and sustainable profitability." (Photo: Wheels Up)
Wheels Up remains focused on its "journey towards significant and sustainable profitability." (Photo: Wheels Up)

While Wheels Up's revenues and members climbed in the second quarter, its net losses also widened. The New York City-based on-demand private aviation provider recorded quarterly revenues of $425.5 million, up 49 percent from the same three-month period last year. Despite the gain in revenue, Wheels Up also posted net losses of $92.7 million, an increase of $63.8 million from the second quarter of 2021.


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