Wheels Up Confirms Pilot Layoffs

Estimates of the number of pilots affected range between 11 percent and 20 percent.

Mark Phelps

Monday, July 01, 2024 at 12:32 PM ET

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Edited By: tccjeremy

An aircraft from Wheels Up's fleet [Credit: Wheels Up]

Key Takeaways:

Wheels Up has confirmed immediate pilot layoffs, with estimates ranging from 11% to 20% of its pilot workforce affected.
The company attributed the layoffs to a "staffing imbalance" resulting from macro industry factors, including a sharp decline in pilot attrition rates and reduced hiring by commercial airlines.
These staffing adjustments come as Wheels Up continues to report financial losses, despite recent funding from Delta Air Lines and other operational changes like reducing flight minimums and divesting its aircraft management division.

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Wheels Up has confirmed that it has laid off a number of pilots effective immediately.

Different sources have estimated the number as between 11 percent and as high as 20 percent. The company issued a statement to Private Jet Card Comparisons, an online news source that specializes in shared ownership aviation companies and their pricing programs.