Member benefits expanded to offer enhanced
Delta loyalty rewards as well as guaranteed availability and
recovery within the U.S., U.K. and Europe
Updated portfolio introduces the first-ever
charter program offering private flight credit and commercial
airline benefits
NEW
YORK, June 17, 2024 /PRNewswire/ -- Wheels Up
Experience Inc. (NYSE: UP), the first company in the industry that
provides seamless global aviation solutions across private and
commercial travel, today announced a streamlined product portfolio.
Working with strategic partner Delta Air Lines, America's most
awarded airline, Wheels Up can now provide an even greater level of
flexibility to meet the needs of today's most discerning travelers.
This new product model offers simple solutions and unique
incentives that maximize ease and choice while maintaining the
highest standards of operation and safety for first-time and
experienced private fliers alike.
"We are introducing the marketplace to a new way of flying
private, one that further delivers choice to customers and adds to
the value of Wheels Up's premium travel experience by capitalizing
on our global aviation network, competitive pricing model, and
unique capacity to offer guaranteed availability and recovery to
our members in areas where they travel most," said Wheels Up CEO
George Mattson.
Wheels Up's first-of-its-kind partnership with Delta, along with
the company's private fleet and global charter capabilities, allows
Wheels Up to offer a wide range of safety-vetted aviation
solutions. As a result, Wheels Up is positioned to provide the
right aircraft for the right mission, creating the opportunity for
customers to select a mode of travel that works for their specific
needs, for every trip to any destination, creating customer
experiences worth repeating.
Join Up: A Unique Value Proposition
Fliers with predictable annual spend can utilize Wheels Up
Membership, where a small annual fee and upfront funded flight
hours unlock increased flexibility and expanded global access with
guaranteed availability and recovery within the U.S., U.K. and
Europe.
Wheels Up Membership provides price protection by featuring
capped member costs on high-demand days and reduced rates that
optimize affordability during non-peak travel times – a combination
that has already resulted in meaningful member savings no matter
how or when members choose to fly.
Wheels Up also offers members the unique opportunity to earn
Diamond Medallion® Status with Delta based on their qualifying
Wheels Up spend*, as well as the ability to use funds on deposit to
purchase seats on commercial Delta flights. As an added incentive,
eligible members receive a 20% discount on certain Delta fares on
select routes.
Fly Up: Unprecedented Flexibility with No Upfront
Cost
For travelers who are looking to pay as they go, Wheels Up
Charter allows customers to book ad-hoc trips with no upfront
costs for everything from that perfect family vacation to a
multi-stop, international business itinerary.
Wheels Up charter gives fliers the freedom to tailor each trip
to their specific needs, with access to a large network of
safety-vetted aircraft. For added value, fliers can expect to earn
rewards for each flight – 2% flight credit for every $50,000 flown, and Diamond Medallion® Status with
Delta after achieving qualifying flight spend*. This comprehensive
program is the first of its kind for private aviation, rewarding
and incentivizing frequent charter bookings.
With this launch, Wheels Up invites returning and new customers
to look at flying private in a different way. While the standard of
premium travel and intuitive service remains, the process for
booking, flying and planning has become more efficient than
previously imagined. Wheels Up's new product portfolio signals a
shift in the private aviation model, one that emphasizes value,
flexibility and accessibility.
About Wheels Up
Wheels Up is a leading provider of
on-demand private aviation and one of the largest companies in the
industry. Wheels Up offers a complete global aviation solution with
a large and diverse fleet and a global network of safety-vetted
charter operators, all backed by an uncompromising commitment to
safety and service. Customers can access charter and membership
programs, as well as unique commercial travel benefits through a
one-of-a-kind, strategic partnership with Delta Air Lines. Wheels
Up also offers cargo, safety and security solutions and managed
services to individuals, industry, government and civil
organizations.
Wheels Up is guided by the mission to deliver a premium solution
for every customer journey. With the Wheels Up mobile app and
website, members and customers have the digital convenience to
search, book and fly.
For more information, please visit: wheelsup.com
Media
Contact
press@wheelsup.com
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain "forward-looking statements"
within the meaning of the federal securities laws. Forward-looking
statements are predictions, projections and other statements about
future events that are based on current expectations and
assumptions and, as a result, are subject to known and unknown
risks, uncertainties, assumptions and other important factors, many
of which are outside of the control of Wheels Up Experience Inc.
("Wheels Up", or "we", "us", or "our"), that could cause actual
results to differ materially from the results discussed in the
forward-looking statements. These forward-looking statements
include, but are not limited to, statements regarding: the
degree of market acceptance and adoption of Wheels Up's products
and services, including the member and charter program changes
announced in this press release and any additional new member or
charter programs or other products introduced by Wheels Up; the
size, demands, competition in and growth potential of the markets
for Wheels Up's products and services and Wheels Up's ability to
serve and compete in those markets, including due to the impacts of
general economic and geopolitical conditions; and the impact of the
foregoing on Wheels Up's ability to achieve positive
Adjusted EBITDA (as described in Wheels Up's filings with the
U.S. Securities and Exchange Commission ("SEC")) pursuant to
the schedule that it has announced. In addition, any statements
that refer to projections, forecasts, or other characterizations of
future events or circumstances, including any underlying
assumptions, are forward-looking statements. The words
"anticipate," "believe," continue," "could," "estimate," "expect,"
"intend," "may," "might," "plan," "possible," "potential,"
"predict," "project," "should," "strive," "would" and similar
expressions may identify forward-looking statements, but the
absence of these words does not mean that statement is not
forward-looking. We have identified certain known material risk
factors applicable to Wheels Up in our Annual Report on Form 10-K
for the year ended December 31, 2023
filed with the SEC and our other filings with the SEC.
Moreover, it is not always possible for us to predict how new risks
and uncertainties that arise from time to time may affect us. You
are cautioned not to place undue reliance upon any forward-looking
statements, which speak only as of the date made. Except as
required by law, we do not intend to update any of these
forward-looking statements after the date of this press
release.
* Terms Apply, visit link here for full terms and conditions.
For a limited time (June 17, 2024,
through August 20, 2024), when you
earn Diamond Medallion Status through qualifying Wheels Up spend,
you will be eligible for Choice Benefits for the 2025 Medallion
Year. Diamond Medallion Status earned through qualifying
spend after August 20, 2024, will not
include Choice Benefits but can be unlocked after earning 12,000
MQDs in the applicable Medallion Year. The information on, or that
can be accessed through, Wheels Up's website is not part of this
press release.
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SOURCE Wheels Up