tl;dr answer: Additive mixing of red and yellow is more clearly definied as having both red and yellow wavelengths present. Yellow subtractive pigments still reflect red wavelengths, so mixing Red and Yellow pigments still results in having both red and yellow wavelengths present. As long as both red and yellow wavelengths are present (in roughly equal proportion), we will perceive the color as orange.
Long form answer:
This means mixing paints/dyes, or anything that reflects light, rather than emitting it.
Most red-orange-yellow pigments reflect as a 'high-pass filter', meaning they absorb most visible wavelengths below a certain value, and reflect all the others. This means yellow pigments actually reflect red wavelengths, orange wavelengths, and yellow wavelengths (and really even some green and less blue). Our eyes end up seeing enough of all of those wavelengths to consider the color as orange.
Notice how the pigments still reflect a small amount of the other wavelengths. If we take the red curve and multiply it by the yellow curve, we end up with a curve that has basically the same shape as the orange curve. (Successively multiplying reflectance spectra is how 'mixing' of these colors is done.) Hence, Red - Yellow = Orange.
This means mixing wavlength spectra: summing power across the visible wavelength range of two or more different spectra. It means comparing emissive sources of light, not reflective/absorptive materials.
See the CIE 1931 color space below, which is the standard for human color vision:
Along the edges of this graph are the colors representing our eyes' perception of 'pure' wavelengths of light (think lasers). Where does this graph come from? Ultimately, from the CIE 1931 Standard Observer, consisting of three 'color matching functions' that (very) roughly translate to the three color receptors in our eyes:
To go from these curves to the color chart above it:
x = X / (X + Y + Z)
y = Y / (X + Y + Z)
Where X, Y, and Z are calculated by integrating these curves with the spectrum you want the color of. Then you can plot x and y to create the 'horseshoe' chart above.
Summing spectra of red and yellow will result in a combined spectrum that appears orange. Why? The eye basically sees the ratio of the light spectrum integrated under the three XYZ curves, and it doesn't care how that ratio was achieved. If you give the eye only orange wavelengths, the ratio of the XYZ values is Orange. If you give the eye the right amount of pure red and pure yellow, you also get a similar ratio, and the eye sees it as Orange. Our eye 'collapses' a wavelength spectrum down to three XYZ values, and our brain interprets those three values as perceived colors.
Why are additive Red + Yellow and subtractive Red - Yellow both perceived as Orange?
Hopefully it's more clear why Red + Yellow = Orange, based on above.
Why is it also true for Red - Yellow? The pigments that create Yellow include Red wavelengths. When the pigments are mixed (reflectance curves multiplied), the result still includes both yellow and red wavelengths. As above, the ratio of having both red and yellow wavelengths is how we perceive a color as Orange.
If the yellow pigment did not reflect some red wavelengths, then mixing a yellow and a red pigment would result in a dark, brownish-grayish color, because the pigments would be absorbing everything. (This is why Red + Green = Brown.)
Addendum: Blue and Yellow
Subtractively, we know: Blue - Yellow = Green.
Since Blue and Yellow both reflect a small amount of green, when subtractive pigments are mixed, green wavelengths are the only ones left.
More importantly for LED lighting, Blue + Yellow = White, not green.
Summing blue and yellow wavelengths: White LED spectrum
Why? Because white is equivalent to having all wavelengths present. In the subtractive world, we take White for granted, because it's the color illuminating our pigments in the first place.
(Well, I sure had fun with this - if you got this far, thanks.)