I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2025 Q2, the actual value is USD 189.64 M.
EPS: As of FY2025 Q2, the actual value is USD -0.12.
EBIT: As of FY2025 Q2, the actual value is USD -59.6 M.
Segment Revenue
- Total Revenue: $189.6 million for Q2 2025, down 3% YoY.
- Membership Revenue: $7.5 million for Q2 2025, down 53% YoY.
- Flight Revenue: $158.3 million for Q2 2025, down 3% YoY.
- Other Revenue: $23.8 million for Q2 2025, up 44% YoY.
Operational Metrics
- Gross Profit: $2.2 million for Q2 2025, a $13.2 million improvement YoY.
- Net Loss: - $82.3 million for Q2 2025, a 15% improvement YoY.
- Adjusted EBITDA Loss: - $29.0 million for Q2 2025, a 22% improvement YoY.
- Adjusted EBITDAR Loss: - $25.1 million for Q2 2025, a 13% improvement YoY.
Cash Flow
- Net Cash Used in Operating Activities: - $110.8 million for the six months ended June 30, 2025, a 12% increase YoY.
- Net Cash Provided by Investing Activities: $19.9 million for the six months ended June 30, 2025.
- Net Cash Used in Financing Activities: - $17.6 million for the six months ended June 30, 2025.
- Liquidity: Ended Q2 2025 with over $200 million in liquidity, consisting of $107 million in cash and cash equivalents and a $100 million undrawn revolving credit facility.
Unique Metrics
- Total Gross Bookings: $261.9 million for Q2 2025, consistent YoY.
- Private Jet Gross Bookings: $208.3 million for Q2 2025, down 4% YoY.
- Live Flight Legs: 11,971 for Q2 2025, down 7% YoY.
- Utility: 41.1 for Q2 2025, up 10% YoY.
- Fleet Composition: Premium jets now comprise approximately 20% of the controlled fleet, with plans to add three Challenger jets into revenue service in Q3 2025.
- Corporate Membership Fund Sales: Increased by more than 25% year-over-year in Q2 2025.
Outlook / Guidance
- Wheels Up is focused on fleet modernization and expects to add three Challenger 300 aircraft into revenue service in Q3 2025.
- The company is implementing initiatives to drive approximately $50 million in annual cash cost savings through efficiency and productivity improvements, with the full impact expected in the back half of 2026.
- Wheels Up aims to leverage its partnership with Delta to broaden its reach into the multi-billion dollar total addressable market represented by Delta’s corporate and individual leisure customers.