Wheels Up Experience Inc. reported its third quarter 2025 financial results, highlighting a revenue of $185.5 million, representing a 4% decrease year over year. The decline was attributed to reduced flight revenue from discontinued Connect and Pay-As-You-Fly members, which offset increased revenue from corporate and individual core members. Total gross bookings reached $266.6 million, marking a 5% increase year over year, driven by 14% growth in on-demand charter offerings. The company recorded a gross loss of $1.3 million, with results impacted by $8.7 million in non-recurring fleet modernization expenses. Operationally, Wheels Up achieved a completion rate of 99%, up 1 percentage point year over year, and an on-time performance (D-60) of 89%, up 4 points from the prior period. The company also reported 24 brand days with a perfect completion rate and no cancellations during the quarter. Productivity initiatives are expected to drive over $70 million in annual run-rate cost savings beginning in the first quarter of 2026, with the full benefit anticipated by the third quarter of 2026.