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Dec 31, 2024
Wheels Up Q4 2024 Earnings Report
Wheels Up reported a revenue decline but improved operational efficiency in Q4 2024.
Key Takeaways
Wheels Up reported Q4 2024 revenue of $204.8 million, a 17% year-over-year decline. The company posted a net loss of $87.5 million, with an EPS of -$0.13. Adjusted EBITDA loss improved to $11.3 million from $38.1 million in Q4 2023. Live flight legs decreased by 11%, while revenue per live flight leg remained relatively stable.
Revenue declined 17% year-over-year to $204.8 million.
Net loss widened to $87.5 million, with EPS of -$0.13.
Adjusted EBITDA loss improved to $11.3 million from $38.1 million last year.
Live flight legs declined by 11% to 12,731.
Revenue by Segment
Forward Guidance
Wheels Up aims to continue improving operational efficiency and profitability in 2025, supported by fleet modernization and strategic partnerships.
Positive Outlook
- Fleet modernization with new Phenom and Challenger jets expected to improve efficiency.
- Operational performance improved, with a 98% flight completion rate.
- Partnership with Delta continues to expand commercial aviation solutions.
- New credit facility enhances liquidity and capital structure.
- December month performance nearly breakeven, indicating financial improvement.
Challenges Ahead
- Active memberships declined 46% year-over-year.
- Revenue declined 17%, reflecting lower flight demand.
- Live flight legs decreased by 11%, impacting scale efficiency.
- On-time performance dropped to 80% from 87% in Q4 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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