Wheels Up releases its second quarter results

Wheels Up’s second quarter revenue decreased by 41%, when compared to the same period last year, down to $196 million. Total costs and expenses was $275.5 million in the quarter, resulting in a net loss of $96 million. However, the net loss was an improvement was the previous year’s second quarter net loss of $160.6 million. “Over the past year, we’ve taken vital steps towards realising our vision of building Wheels Up into a true innovator in private aviation,” said George Mattson, chief executive officer at Wheels Up. He continued: “We enhanced our product portfolio to offer unparalleled value across