Wheels Up Q3: fleet modernization accelerates, cost savings target raised to $70M run-rate by Q1 2026

Wheels Up Experience Inc.

2025-Q3 EPS reported -$0.38 revenue$552,653,000

Productivity initiatives now targeting $70M+ annual run-rate cost savings, exceeding original $50M goal; full benefit by Q3 2026.
Fleet modernization: Phenom 300 becomes largest fleet type in revenue service; Challenger fleet reaches programmatic scale.
Record corporate Membership Fund sales driven by Delta partnership; Signature membership launch sees strong early adoption.
Management expects Q4 2025 to be best quarter since transformation began; on track for Adjusted EBITDAR positive in 2026.

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