Wheels Up regains NYSE minimum share price compliance

NEW YORK - Wheels Up Experience Inc. (NYSE: UP), a leading private aviation company, has announced that it has successfully regained compliance with the New York Stock Exchange’s (NYSE) minimum share price requirement, averting concerns over its continued listing. The company received formal notice from the NYSE that as of May 30, 2025, its common stock had both a closing share price and 30-day average closing share price above the required minimum of $1.00. Trading at $1.32, the stock has shown strong momentum with a notable return over the last month, according to InvestingPro data, though it remains significantly below its 52-week high of $4.59. This development follows a period of enhanced investor confidence and market-driven stock appreciation.

CEO George Mattson expressed satisfaction with the company’s swift return to compliance, attributing the improvement to investor recognition of Wheels Up’s strategic business transformations and progress toward long-term goals. While the company’s market capitalization stands at $922.5 million, InvestingPro analysis indicates significant challenges ahead, with a weak Financial Health Score of 1.11 and concerning cash burn rates. Get access to 12+ additional exclusive ProTips and comprehensive financial analysis through InvestingPro’s detailed research reports.

Wheels Up’s compliance with the NYSE listing standards ensures that its common stock will continue to be traded on the exchange, provided it maintains adherence to all applicable listing requirements. The company, known for its on-demand private aviation services in the U.S., operates a diverse fleet and offers a global network of safety-vetted charter operators. With annual revenues of $772.5 million and a gross profit margin of 11.4%, the company faces operational challenges while maintaining its diverse service portfolio, including freight, safety, security, and managed services, for clients ranging from individuals to government organizations. Discover detailed insights about Wheels Up’s financial performance and industry position in the comprehensive Pro Research Report, available exclusively on InvestingPro.

This announcement is based on a press release statement and comes after the company had previously received a notice regarding its non-compliance with the NYSE’s continued listing standard. Wheels Up has cautioned that forward-looking statements included in the press release are subject to various risks and uncertainties and that actual results may differ materially from those predicted. The company has no obligation to update any forward-looking statements post-release.

In other recent news, Wheels Up Experience Inc. reported better-than-expected fourth-quarter results. The company posted a net loss of $87.5 million, or $0.13 per share, compared to a loss of $81.1 million, or $0.14 per share, in the same period last year. Revenue fell 17% year-over-year to $204.8 million but showed improvement from the third quarter, marking the first sequential revenue growth in nearly two years. The adjusted contribution margin expanded significantly to 19.3% from 1.2% a year ago, aided by a 33% increase in fleet utility. CEO George Mattson noted the company’s stronger financial position by the end of 2024, with December being nearly breakeven on an adjusted EBITDA basis.

Additionally, Wheels Up announced a global partnership with United Autosports, providing exclusive access to premier motorsport events for its customers. This collaboration will debut at the 2025 24 Hours of Le Mans and includes curated experiences at various racing events. The partnership aims to enhance brand visibility and provide immersive experiences at iconic racing venues worldwide. Furthermore, the company is modernizing its fleet, adding 18 new Phenom jets while retiring 50 older aircraft, with the first Challenger jets expected to enter service by April 1st. John Verkamp will join as the new Chief Financial Officer on March 31st, bringing extensive financial leadership experience.

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