This brief describes the application of direct and indirect model reference adaptive control to a lightweight low-cost quadrotor unmanned aerial vehicle platform. A baseline trajectory tracking controller is augmented by an adaptive controller. The approach is validated using simulations and flight tested in an indoor test facility. The adaptive controller is found to offer increased robustness to parametric uncertainties. In particular, it is found to be effective in mitigating the effects of a loss-of-thrust anomaly, which may occur due to component failure or physical damage. The design of the adaptive controller is presented, followed by a comparison of flight test results using the existing linear and augmented adaptive controllers.