Wheels Up Experience posted mixed second-quarter 2026 results, with revenue falling 4% year on year to $182.0 million and a net loss of $107 million, while Adjusted EBITDAR improved to a loss of $19.9 million. The Atlanta-based private aviation group continued its fleet transition and cost-cutting drive as it worked to lift completion rates, aircraft utilisation and core operating efficiency across its all-Phenom and Challenger controlled fleet.
Gross profit rose to $9.6 million from $2.2 million a year earlier, helped by a leaner business after the disposal of non-core operations and the retirement of legacy aircraft. Private jet flight revenue was flat even as demand for premium aircraft more than doubled, pointing to a business in which higher-end flying is supporting the mix. The quarter also included a $12.7 million non-cash impairment linked to the legacy fleet retirement.
Operational reliability remained a focus. Completion rate reached 99.4% and on-time performance stood at 86.8%, while the company recorded 119 brand days without cancellations through the end of July. Delta’s $100 million revolving credit facility commitment was extended to September 2028, giving Wheels Up additional financing support as it pursues profitability.