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Dec 31, 2022
Wheels Up Q4 2022 Earnings Report
Wheels Up reported record revenue for the fourth quarter of 2022, leveraging a strong foundation for future profitability and growth.
Key Takeaways
Wheels Up's Q4 2022 revenue increased by 18% year-over-year to $408 million. Active Members increased 5% year-over-year to 12,661. Net loss increased $162 million year-over-year to $239 million, primarily driven by a non-cash impairment charge of $132 million. Adjusted EBITDA improved by $3 million year-over-year to a loss of $44 million.
Revenue increased 18% year-over-year to $408 million.
Active Members increased 5% year-over-year to 12,661.
Live Flight Legs decreased 5% year-over-year to 19,308.
Net loss increased $162 million year-over-year to $239 million, primarily driven by a non-cash impairment charge of $132 million.
Wheels Up
Wheels Up
Wheels Up Revenue by Segment
Revenue by Segment
Flight Revenue
CapyFin.comMembership Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income