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Wheels Up Experience Q1 Active Members -25% Y/Y To 9,155, Active Users -23% To 10,218

Benzinga ·  May 9 08:34

For the first quarter:

  • Active Members decreased 25% year-over-year to 9,155, primarily as a result of the regionalization of our member programs and focus on profitable flying.
  • Active Users decreased 23% year-over-year to 10,218, due to the decline in Active Members.
  • Live Flight Legs and Total Private Jet Flight Transaction Value decreased 24% and 26%, respectively, year-over-year, reflecting our efforts to focus on profitable flying and a slowdown in the industry.
  • Total Private Jet Flight Transaction Value per Live Flight Leg decreased 3% year-over-year.
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