Flights, Net Of Discounts & Incentives was Wheels Up Experience’s largest product and service line in fiscal 2024, bringing in $633.87M of $792.10M (80%).
| Product and Service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|
| Flights, Net Of Discounts & Incentives | $873.72M | $1.07B | $884.07M | $633.87M | ||
| Flights, Net Of Discounts & Fees | — | — | — | — | ||
| Aircraft Management | $225.27M | $242.03M | $175.83M | $9.71M | ||
| Other | $25.68M | $174.50M | $110.57M | $90.92M | ||
| Memberships | $69.59M | $90.13M | $82.86M | $57.61M | ||
| Total | $1.19B | $1.58B | $1.25B | $792.10M |
Wheels Up Experience brought in $792.10M from its four product and service lines in fiscal 2024, the year ended December 31, 2024. That was down 36.8% from $1.25B in fiscal 2023. Flights, Net Of Discounts & Incentives was the largest at $633.87M (80.0%), ahead of Other at $90.92M (11.5%) and Memberships at $57.61M (7.3%). The remaining line, Aircraft Management, brought in $9.71M.
Compared with fiscal 2023, every line above 2% of revenue shrank. Other held up best, down 17.8% to $90.92M, and Memberships fell the most, down 30.5% to $57.61M. From fiscal 2021 to 2024, combined revenue from these lines fell from $1.19B to $792.10M, a compound annual decline of 12.8%. Flights, Net Of Discounts & Incentives' share of the total rose from 73.2% to 80.0%.
Services Transferred At A Point In Time: was Wheels Up Experience’s largest revenue line in fiscal 2024, bringing in $733.27M of $792.10M (93%).
| Timing Of Transfer Of Good Or Service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|
| Services Transferred At A Point In Time: | $1.11B | $1.47B | $1.15B | $733.27M | ||
| Services Transferred Over Time: | $84.26M | $107.69M | $107.75M | $58.84M | ||
| Total | $1.19B | $1.58B | $1.25B | $792.10M |
Wheels Up Experience brought in $792.10M from its two revenue lines in fiscal 2024, the year ended December 31, 2024. That was down 36.8% from $1.25B in fiscal 2023. Services Transferred At A Point In Time: was the largest at $733.27M (92.6%), ahead of Services Transferred Over Time: at $58.84M (7.4%).
Compared with fiscal 2023, Services Transferred At A Point In Time: fell 36.0% to $733.27M and Services Transferred Over Time: fell 45.4% to $58.84M. From fiscal 2021 to 2024, combined revenue from these revenue lines fell from $1.19B to $792.10M, a compound annual decline of 12.8%. Services Transferred At A Point In Time:'s share held steady at about 92.6%.
United States was Wheels Up Experience’s largest region in fiscal 2024, bringing in $700.29M of $792.10M (88%).
| Geography | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|
| United States | $1.19B | $1.50B | $1.16B | $700.29M |
| Other | — | $80.31M | $96.20M | $91.82M |
| Total | $1.19B | $1.58B | $1.25B | $792.10M |
Wheels Up Experience brought in $792.10M from its two regions in fiscal 2024, the year ended December 31, 2024. That was down 36.8% from $1.25B in fiscal 2023. United States was the largest at $700.29M (88.4%), ahead of Other at $91.82M (11.6%).
Compared with fiscal 2023, Other fell 4.6% to $91.82M and United States fell 39.5% to $700.29M.
Wheels Up Experience began breaking out Other in fiscal 2022, when it brought in $80.31M.
Wheels Up Experience (UP) reports its revenue by product and service, by timing of transfer of good or service and by geography. In fiscal 2024, Flights, Net Of Discounts & Incentives was its largest product and service line, bringing in $633.87M (80.0% of the total), followed by Other at $90.92M (11.5%).
Flights, Net Of Discounts & Incentives was Wheels Up Experience's largest product and service line in fiscal 2024, bringing in $633.87M, or 80.0% of the $792.10M total across its four product and service lines.
Services Transferred At A Point In Time: was Wheels Up Experience's largest revenue line in fiscal 2024, bringing in $733.27M, or 92.6% of the $792.10M total across its two revenue lines.
United States was Wheels Up Experience's largest region in fiscal 2024, bringing in $700.29M, or 88.4% of the $792.10M total across its two regions.
Every figure comes from Wheels Up Experience's annual financial filings, as reported. Each line keeps the name Wheels Up Experience gives it, and years follow its fiscal calendar.
Wheels Up Experience's revenue by product and service goes back to fiscal 2019, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.