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Jun 30, 2022
Wheels Up Q2 2022 Earnings Report
Wheels Up reported record revenue driven by strong flight demand and growth in active members.
Key Takeaways
Wheels Up Experience Inc. announced strong second-quarter results, with revenue increasing by 49% year-over-year to $425.5 million. Growth was fueled by strong demand in prepaid block sales and a rise in active members. However, the company's net loss increased to $92.8 million, and Adjusted EBITDA decreased to a loss of $46.9 million.
Revenue increased 49% year-over-year to $425.5 million.
Prepaid block sales were up 187% year-over-year.
Active Members increased 20% year-over-year to 12,667.
Net loss increased to $92.8 million.
Wheels Up
Wheels Up
Wheels Up Revenue by Segment
Revenue by Segment
Flight Revenue
CapyFin.comMembership Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
Wheels Up expects technology investments and operational focus to drive Adjusted EBITDA profitability in 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income