Wheels Up net loss widens to $83M in Q1 2026 as revenue slides during jet fleet transition; company adds debt
Wheels Up reported a net loss of $83 million on revenue of $168.9 million in the first quarter of 2026, down 5% year over year, as it completed its fleet overhaul 18 months ahead of schedule. Management tied the revenue dip to the ongoing transition and raised new debt alongside the aircraft mix reset.