CFO Todd Smith leaves Wheels Upnews Fayaz Hussain 22 Aug 24 0In a filing on the exchange, the private aviation company Wheels Up announced that the company’s chief financial officer Todd Smith has resigned from his… Read more
Wheels Up holds steady in Q2 amid cost cutsnews Fayaz Hussain 8 Aug 24 0Wheels Up reported flat revenue of $196m for the second quarter of 2024. Despite relatively unchanged top-line figures, the company’s results showed progress in cost… Read more
Delta still up on Wheels Upopinion Alasdair Whyte 5 Aug 24 0Wheels Up celebrated its 11th Birthday this week. It is hoping to make a profit before it turns 12. It really needs to do this.… Read more
Wheels Up’s profit planopinion Alasdair Whyte 10 May 24 0This time last year there was a lot of noise around Wheels Up. The company had just announced that Kenny Dichter, its founder, was stepping… Read more
Watch: “We need to ban business jets”news Alasdair Whyte 11 Apr 24 0The Green Party, Possible and Safe Landing were invited to Corporate Jet Investor London 2024 to explain why they believe that business jets should be… Read more
New Wheels Up CEO, new Flexjet HQopinion Alasdair Whyte 18 Sep 23 0Last week was an exciting one for two of the largest operators. Kenn Ricci and his team got to celebrate their new headquarters. Wheels Up… Read more
Wheels Up getting $500m debt from Delta, Certares and Knighthead in return for 95% of companynews Alasdair Whyte 15 Aug 23 0Delta Air Lines, Certares Management and Knighthead Capital Management have agreed to lend $500m in debt in return for 95% of Wheels Up. Certares and… Read more
Wheels Up reports further losses in Q1news CJI Expert 9 May 23 0Wheels Up suffered further losses in the first quarter (Q1) of the year, reporting net losses of $100.9m, compared with $88.7m in Q1 2022. Both… Read more
Breaking news: Kenny Dichter steps down as CEO of Wheels Upnews CJI Expert 9 May 23 0Kenny Dichter has stepped down as CEO of Wheels Up after a decade in the role. Dichter founded the company in 2013 and took it… Read more
Wheels Up sales hit $1.58bn in 2022, loses $375m, recommits to profit in 2024news Alasdair Whyte 9 Mar 23 0Wheels Up’s full year sales rose 32% in 2022 to $1.579bn with the company losing $507m including a $132m non-cash goodwill impairment. Without this accounting… Read more
Wheels Up raises $260m for investmentnews CJI Expert 20 Oct 22 0Wheels Up has raised $259m through mortgaging its owned aircraft, the proceeds of which will be used to add “financial flexibility” to the business. Read more
Wheels Up’s Q2 2022 headwinds and tailwinds – sales up 49%, loses $93mnews Alasdair Whyte 12 Aug 22 0Wheels Up, the business aviation membership company, has announced strong sales of $425.5m for its second quarter of 2022. This is up 49% compared to… Read more
