Wheels Up

Revenues stabilize as Q4 adjusted EBITDA loss falls to $11.3 million

Expansion of fleet will enhance service during holidays

Company's third-quarter financials have ended seven consecutive quarters of declining revenues

LEO satcom is expected to begin service by the end of the year

Private flight provider is also installing Gogo's Galileo HDX Wi-Fi service

Investors are subject to the lock-up restriction until Sept. 20, 2025

Wheels Up said it is committed to greater transparency for members

Improved terms apply for members committing to at least $500,000 in pre-funded flights

Shuffle comes amidst difficult year for company

Private flight provider says profitability can be achieved by the end of 2024