https://www.ainonline.com/aviation-n...hsid=109083952
It sounds like the wheels are coming off Wheels Up. WU mortgaging their owned aircraft has already been covered on a previous post. 3rd quarter numbers are not good. Company has lost $276.5M in the first 9 months.
The company president has left, he joined in May 2021 as Chief Marketing Officer then became president 5 months later. Year-to-date WU has already replaced it's CFO and COO.
According to new CFO Todd Smith the company is "implementing aggressive cost-cutting" as "our cost base is higher than it needs to be".