Quarterly ResultAug 4, 2026, 07:08 AM
Wheels Up Q2 Revenue $182M, Net Loss $107M; Delta Extends Credit Facility
AI Summary
Wheels Up Experience Inc. announced its second quarter 2026 financial results, reporting GAAP Revenue of $182.0 million, a 4% year-over-year decrease, and a Net Loss of $107.2 million, a 30% increase. Despite the net loss, Adjusted EBITDAR loss improved by 27% to $19.9 million, and gross profit surged by 336%. The company also secured a two-year extension from Delta Air Lines for its $100 million revolving credit facility, now available until September 20, 2028, reflecting continued lead investor support. Operational metrics showed significant improvement, with a 99.4% completion rate and 86.8% on-time performance.
Key Highlights
- Delta extended its $100 million revolving credit facility by two years to September 20, 2028.
- Q2 2026 GAAP Revenue was $182.0 million, a 4% reduction year over year.
- Q2 2026 Net Loss increased 30% year over year to $107.2 million.
- Q2 2026 Adjusted EBITDAR loss improved 27% to $19.9 million.
- Q2 2026 Gross profit increased 336% to $9.6 million.
- Live Flight Legs decreased 28% to 8,649.
- Completion Rate improved to 99.4% (+2 pp YoY).
- On-Time Performance (A-30) improved to 86.8% (+6 pp YoY).
Price Impact
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