Wheels Up Experience Inc. reported a challenging Q3 FY2025 (period ended September 30, 2025), marked by revenue contraction, widening losses, and significant liquidity drawdown, offset by strategic restructuring and capital raising.
Financial Performance & Liquidity: Quarterly revenue declined 4% YoY to $185.5M (9-month revenue down 6% to $552.7M). The quarterly net loss widened significantly to $(83.7M), resulting in Diluted LPS of $(0.12). Operating cash burn accelerated, with Net Cash Used in Operations rising to $(147.9M) for the nine months. Unrestricted cash and equival
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