Reasons to Be Skeptical despite High Revenue
For the nine months ended on September 30, 2021, Wheels Up Experience reported revenue of $849.21 million, a year-over-year increase of 75%, and a net loss of $120.62 million compared to a net loss of $51.29 million in the nine months ended on September 30, 2020.
Similarly Is wheels up a good company to work for? Wheels Up Reviews FAQs
Is Wheels Up a good company to work for? Wheels Up has an overall rating of 3.5 out of 5, based on over 105 reviews left anonymously by employees. 50% of employees would recommend working at Wheels Up to a friend and 60% have a positive outlook for the business.
Does Wheels Up go international? Do you offer international flights? Where can I go outside the country? We can find you an aircraft for all point-to-point trips within North America and Europe, as well as all trips worldwide that start or end in the United States.
Additionally, Why is Wheels Up stock so low?
According to the press release accompanying the earnings report, the reversal on the bottom line stemmed from several factors, including « the utilization of $51.6 million of CARES Act grant funding in 2020, » as well as higher operating costs and supply constraints.
How many jets Does Wheels Up have?
Comprised of Wheels Up owned, leased, managed and partner aircraft, discover the Wheels Up marketplace of over 1,500 private planes.
How Much Does wheels up pay their pilots? The typical Wheels Up Pilot salary is $90,999 per year. Pilot salaries at Wheels Up can range from $60,049 – $122,000 per year.
How many people work at wheels up? Latest Updates
| Employees (est.) (Mar 2022) | 703 | (+4%) |
|---|---|---|
| Job Openings | 116 | |
| Cybersecurity rating | C | More |
Do wheels up employees get flight benefits? Wheels Up (NYSE:UP), a leader in private aviation, offers a total private aviation solution that includes world-class safety, service and flexibility through on-demand flights, membership programs, corporate solutions, aircraft management, whole aircraft sales and commercial travel benefits through a strategic …
How Much Does Wheels Up charge per hour?
2022 Wheels Up hourly rates effective Dec. 1, 2021(excluding FET)
| Aircraft Category | Capped Hourly Rate Pay-As-You-Fly | Capped Hourly Rate $400k Fund |
|---|---|---|
| Light Jet | $6,495 | $6,195 |
| Midsize Jet | $7,795 | $7,495 |
| Super-Mid Jet | $9,295 | $8,895 |
| Large-Cabin Jet | $12,995 | $12,595 |
• 1 nov. 2021
What is the cheapest way to fly private? With a $100 monthly membership fee and one-way flights starting at $446, Set Jet is one of the most affordable private air travel options on the market.
Does Wheels Up fly to Hawaii?
The addition of the Citation X provides an aircraft that can fly to Hawaii or Europe as well as provide a nonstop coast-to-coast range. It is a sea change from Wheels Up’s roots which were based around the King Air 350i turboprop, which is well suited for short hops under two hours.
How Much Does wheels up charge per hour? 2022 Wheels Up hourly rates effective Dec. 1, 2021(excluding FET)
| Aircraft Category | Capped Hourly Rate Pay-As-You-Fly | Capped Hourly Rate $400k Fund |
|---|---|---|
| Light Jet | $6,495 | $6,195 |
| Midsize Jet | $7,795 | $7,495 |
| Super-Mid Jet | $9,295 | $8,895 |
| Large-Cabin Jet | $12,995 | $12,595 |
• 1 nov. 2021
Is Blade Air Mobility profitable?
Blade Air Mobility wasn’t profitable in the last twelve months, it is unlikely we’ll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option. Shareholders of unprofitable companies usually expect strong revenue growth.
What is hourly rate for Wheels Up?
2022 Wheels Up hourly rates effective Dec. 1, 2021(excluding FET)
| Aircraft Category | Capped Hourly Rate Pay-As-You-Fly | Capped Hourly Rate $200k Fund |
|---|---|---|
| Light Jet | $6,495 | $6,195 |
| Midsize Jet | $7,795 | $7,495 |
| Super-Mid Jet | $9,295 | $9,295 |
| Large-Cabin Jet | $12,995 | $12,995 |
• 1 nov. 2021
How much is Wheels Up hourly rate? Super-midsize jet: $9,295/hour. Large-cabin jet: $12,995/hour.
Does Wheels Up have a training contract? Each pilot is required to hold current FAA Airline Transport Pilot and First-Class Medical Certificates and be FAA Pilot-in-Command Type-Rated in the aircraft they fly. Wheels Up pilots complete mandatory advanced ground and flight training in a full-motion simulator, plus recurrent training every six months.
Is Wheels Up home based?
Pilot Bases
With no required home basing, hundreds of different cities and towns across the continental United States are the proud homes of our Wheels Up pilots.
How do I become a wheel up pilot? Every Wheels Up flight is flown by 2 Captain-rated pilots who are trained to operate at the highest levels of professionalism and service. Captains must have at least 3,500 hours of flight experience but average over 7,000; First Officers must have at least 2,500 hours and average over 4,000.
Who is Wheelsup competition?
wheelsup.com’s top competitors in February 2022 include sites such as: privatejetcardcomparisons.com, controller.com, jettly.com, hangar67.com, and more.
What planes do wheels up? The ideal plane option for stand-up spaciousness on long-range flights, our Large-Cabin Jet category includes the popular Falcon 2000, Challenger 604, Gulfstream GIV-SP, and Gulfstream G450. These aircraft are ideal for non-stop flights of up to 7 hours with 10 passengers.
Where is flexjet based?
Headquartered in Richmond Heights, Ohio, Flexjet is led by Ricci, its chairman, and by Michael J. Silvestro, its chief executive officer. Flexjet is one of the largest fractional private jet companies.
