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

Verified

Edited By: tccjeremy

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

Key Takeaways:

Wheels Up confirmed layoffs affecting an estimated 11% to 20% of its pilots.
The company stated the layoffs were due to a "staffing imbalance" caused by macro industry factors, specifically a sharp decline in pilot attrition rates.
The decision aims to align the pilot roster with its fleet size, as Wheels Up continues to report losses despite a $500 million funding package from Delta Air Lines.
These layoffs follow other recent cost-cutting measures, including reduced flight minimums for customers and the divestment of 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.