Wheels Up reports $107m loss driven by premium fleet purchasesnews by Fayaz Hussain August 5, 2026 Print this pageWheels Up reported a second-quarter net loss of $107m, wider than the $82m loss in the same period last year, as transformation costs from its fleet overhaul weighed on results. On the flip side, the company’s premium Signature membership programme doubled year-to-date and operational metrics hit record highs. “Wheels Up made meaningful progress this quarter, completing our fleet modernisation, reaching record levels of operational reliability, strengthening our Delta partnership and building momentum with our Signature Membership,” said George Mattson, Wheels Up CEO. Private jet flight revenue held flat at $158m has higher pricing on the premium fleet compensated for the retirement of legacy aircraft. The controlled fleet now comprises more than 40 Phenom and Challenger aircraft, with demand for the premium fleet more than doubling year-on-year.