Wheels Up Q2 FY26 net loss widens 30% to $107.25 million; revenue drops 4% to $182 million

Reuters2026/08/04 10:55

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Wheels Up posted Q2 2026 GAAP revenue of USD 182 million, down 4% year over year; GAAP net loss widened to USD 107 million.
Adjusted EBITDAR loss narrowed 27% to USD 19.93 million; adjusted EBITDA loss improved 16% to USD 26.16 million.
Total Gross Bookings fell 8% to USD 241.8 million; Live Flight Legs dropped 28% to 8,649, lifting gross bookings per leg 27% to USD 22,048.
Completion Rate rose 2 percentage points to 99.4%; on-time performance (A-30) improved 6 percentage points to 86.8%, with 119 brand days through July.
Delta extended the availability period for its USD 100 million revolving credit facility commitment to Sept. 20, 2028; premium controlled fleet expanded to 40 aircraft.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wheels Up Experience Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608040655PR_NEWS_USPR_____NY18292) on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Wheels Up Q2 FY26 net loss widens 30% to $107.25 million; revenue drops 4% to $182 million

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