Revenue: As of FY2025 Q1, the actual value is USD 177.53 M.

EPS: As of FY2025 Q1, the actual value is USD -0.14.

EBIT: As of FY2025 Q1, the actual value is USD -80.77 M.

Segment Revenue

• Total Revenue: $177.5 million, a decrease of 10% year over year.
• Membership Revenue: $9.2 million, down 45% year over year.
• Flight Revenue: $147.6 million, down 2% year over year.
• Other Revenue: $20.8 million, down 29% year over year.

Operational Metrics

• Net Loss: - $99.3 million, compared to - $97.4 million in the previous year.
• Gross Loss: - $1.1 million, a $15.5 million improvement year over year.
• Adjusted Contribution: $22.4 million, with an Adjusted Contribution Margin of 12.6%, up 12 percentage points year over year.
• Adjusted EBITDA Loss: - $24.2 million, a 51% improvement year over year.
• Adjusted EBITDAR Loss: - $18.8 million, a 54% improvement year over year.

Cash Flow

• Net Cash Used in Operating Activities: - $47.9 million, a 35% improvement from - $73.8 million in the previous year.
• Net Cash Provided by Investing Activities: $16.1 million, compared to $19.6 million in the previous year.
• Net Cash Used in Financing Activities: - $8.7 million, compared to - $24.3 million in the previous year.

Unique Metrics

• Total Gross Bookings: $241.9 million, up 8% year over year.
• Private Jet Gross Bookings: $205.3 million, up 7% year over year.
• Live Flight Legs: 10,895, a decrease of 7% year over year.
• Utility: 38.1, a 23% increase year over year.

Outlook / Guidance

Wheels Up is focused on improving profitability and expanding margins by modernizing its fleet and leveraging its partnership with Delta. The company anticipates higher On-Time Performance, Completion Rate, and Utility as the fleet transitions to a more modern and reliable configuration. Additionally, Wheels Up plans to offer new hybrid travel options with Delta for European destinations, enhancing customer experience.