Finance

Wheels Up revenues dive 44% amid exit of aircraft management and sale businesses

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Wheels Up revenues dive 44% amid exit of aircraft management and sale businesses

Wheels Up revenues have tumbled 44% year-on-year (YoY) down to $197 million. Nearly half of the $155 million decrease in revenue was driven by the company exiting its aircraft management and aircraft sale businesses. The private jet charter company reported that its active members were down a quart...

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