Wheels Up FY 2025 net loss narrows 13% to USD 294.22 million as interest expense rises 38% to USD 90.47 million

Reuters03-11 04:47
Wheels Up FY 2025 net loss narrows 13% to USD 294.22 million as interest expense rises 38% to USD 90.47 million

Wheels Up reported a FY 2025 net loss of USD 294.22 million, an improvement of 13% from FY 2024. FY 2025 revenue fell 7% to USD 736.5 million, driven by a 50% drop in membership revenue to USD 28.89 million as the company streamlined its membership offering and shifted less frequent flyers to charter. FY 2025 flight revenue declined 2% to USD 622.69 million as live flight legs fell 11%, partly offset by a 10% increase in flight revenue per live flight leg tied to a greater mix of flights on larger and premium jets. FY 2025 adjusted EBITDA loss was USD 43.48 million versus a larger loss a year earlier, while adjusted contribution margin rose 3 percentage points to 14.1%. Wheels Up ended FY 2025 with USD 133.9 million in cash and cash equivalents, and said it expects to substantially complete its fleet modernization strategy by the end of 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wheels Up Experience Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-016512), on March 10, 2026, and is solely responsible for the information contained therein.

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