On-demand private operator Wheels Up is reportedly laying off more workers following an $83 million net loss in the second quarter.
Multiple sources tell FLYING that the company is cutting more jobs, including pilots. Website Private Jet Card Comparisons also reported the workforce reduction
Wheels Up reported second-quarter 2025 revenue of $189.6 million, a 3 percent decrease compared to the same period in 2024. The company recorded a net loss of $82.3 million, or $0.12 per share, which was a 15 percent improvement year over year.
Gross bookings totaled $261.9 million, flat compared to last year, while gross profit reached $2.2 million, up $13.2 million from Q2 2024. Adjusted EBITDA loss narrowed to $29 million, a 22 percent improvement, and adjusted EBITDAR loss was $25.1 million, improving 13 percent from the prior year, according to the company’s earnings release.
Pilots will be most impacted by the job cuts, though a specific number of layoffs was not shared.
In 2024, the Delta Air Lines-backed company laid off 11 percent of its pilots, noting a “staffing imbalance.”
Wheels Up did not immediately reply to FLYING’s request for comment.
