Wheels Up Experience Inc. reported its fourth quarter results today, showing improvement in key operational and financial metrics while continuing its restructuring efforts under the Delta Air Lines partnership.
Financial Highlights
Q4 2025 results showed:
- Revenue: $285 million (down 12% YoY but above guidance)
- Adjusted EBITDA loss narrowed to $18 million from $45 million
- Member retention improved to 78% from 71%
- Active members: 11,200
Operational Improvements
CEO George Mattson highlighted several operational achievements: "We've reduced our cost structure by over $200 million annually while improving service quality. Our on-time performance is now at 94%, up from 87% last year."
The company also announced plans to add 15 owned aircraft in 2026, reducing reliance on more expensive charter capacity.
Path Forward
Management reiterated their target of achieving positive adjusted EBITDA in Q3 2026. "We're building a sustainable business model that serves our members well while delivering returns for shareholders," Mattson said.
