Wheels Up (UP) Reports First-Ever Positive Adjusted EBITDAR and Narrowed Net Loss in Q4 2025

Core Insights - Wheels Up Experience Inc. reported its first-ever positive Adjusted EBITDAR of $37 million in Q4 2025, marking a 67% year-over-year improvement in net loss [1][3] - Total revenue remained flat at $184 million, but the company benefited from a stronger mix of profitable membership flying and a $70 million cost-reduction initiative [1][2] - The company achieved a 99% completion rate and 91% on-time performance during the quarter, indicating strong operational performance [2] Financial Performance - The sale-leaseback transaction involving ten aircraft generated $30 million in net cash proceeds, which will support future fleet acquisitions [2] - The company is accelerating its fleet transformation, with premium Phenom and Challenger jets now constituting 40% of its controlled fleet [2] Membership and Partnerships - Wheels Up has initiated the installation of high-speed satellite Wi-Fi across its aircraft, aiming for nearly full fleet coverage by the end of 2026 [3] - The new Signature Membership program and a deepening partnership with Delta Air Lines contributed to a 35% year-over-year growth in corporate membership sales [3] Company Overview - Wheels Up Experience Inc. provides private aviation services both in the US and internationally, offering a membership program that includes two primary categories and UP for Business membership for small and medium enterprises [4]