Wheels Up Announces 4Q25 Results & Narrowed Losses; UP Shares Close Lower

(Atlanta, Georgia) Wheels Up (NYSE: UP) reported its 4Q2025 results this morning; while the company reported fourth quarter EPS of ($0.04) – $1.64 better than analyst estimates of ($1.68) – quarterly revenue of $183.84 million fell short of consensus estimates of $472.72 million, according to Investing.com; shares closed down ~ 13% at $0.611.

Image courtesy of Wheels Up on Instagram, @wheelsup.

The full report can be found here.

The company’s posted net loss of $294 million during 2025 marked a 13% improvement from the $340 million loss in 2024 as the company’s operational and strategic overhaul commenced, according to Corporate Jet Investor.

Private Jet Card Comparisons noted that Wheels Up’s results reflected its first quarterly Adjusted EBITDA and Adjusted EBITDAR profits as a public company — adjusted EBITDA came in at $32.9 million, a yoy improvement from its $11.3 million loss in 4Q24.

"Over the past year, we have stabilized private jet revenue, strengthened our revenue mix, invested in operational reliability and fleet modernization, and enhanced the customer experience, driving a meaningful improvement in profitability," said Wheels Up Chief Executive Officer George Mattson. "In 2026, we expect to complete our membership program and fleet transition and fully align our products, services, and operations with our strategy. With a modernized fleet, a stronger mix of corporate and high‑value customers, continued operational and cost discipline, and the unique competitive advantages from our Delta partnership, we are advancing toward our long‑term objective of sustainable, profitable growth."

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