Wheels Up has recorded a 39% year-on-year increase in revenue for the third quarter ending September 31, 2022, with revenue of $420.4 million. However, the company reported an increase in the net loss by $27.4 million year-over-year to $86.8 million. Wheels Up managed to strengthen its cash position through the issuance of $270 million of equipment notes through an EETC loan structure, giving the company greater flexibility to invest in its customers, improve operations and further develop its technology infrastructure as the management team executes on the path to positive Adjusted EBITDA in 2024. Kenny Dichter, Chairman, and CEO said:

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