Wheels Up posted Q2 2026 GAAP revenue of USD 182 million, down 4% year over year; GAAP net loss widened to USD 107 million.
Adjusted EBITDAR loss narrowed 27% to USD 19.93 million; adjusted EBITDA loss improved 16% to USD 26.16 million.
Total Gross Bookings fell 8% to USD 241.8 million; Live Flight Legs dropped 28% to 8,649, lifting gross bookings per leg 27% to USD 22,048.
Completion Rate rose 2 percentage points to 99.4%; on-time performance (A-30) improved 6 percentage points to 86.8%, with 119 brand days through July.
Delta extended the availability period for its USD 100 million revolving credit facility commitment to Sept. 20, 2028; premium controlled fleet expanded to 40 aircraft.
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