Wheels Up Announces $30M in Cost-cutting, Layoffs
Wheels Up says cost-cutting plan will save $30 million without impact to operations.
Wheels Up Citation Excel business jet on approach to landing
Wheels Up announced that it is implementing a restructuring plan it expects to produce $30 million in annual savings by laying off non-operations staff. For the first nine months of 2022, Wheels Up lost $276.5 million versus $121 million in the same period in 2021.