Wheels Up narrows net loss to $81 million in fourth quarter

US private aviation provider Wheels Up has narrowed its net loss in the fourth quarter of 2023 to $81.1 million, down from $224.9 million in the same period a year prior. Revenue in the fourth quarter was down from $408.2 million in 2022 to $246.3 million in 2023. Wheels Up full year net loss narrowed from $555.5 million in 2022 to $487.4 million in 2023. Revenue was down $1.58bn in 2022 to $1.25bn in 2023. “In our first full quarter since the strategic investment, we have made strong progress on a number of key fronts. Operationally, we continue to drive performance