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Wheels Up Complies with NYSE Listing Requirements

Wheels Up Regains NYSE Compliance Amid Market Challenges
Wheels Up (WUP), the on-demand business jet operator based in Teterboro, has successfully regained compliance with the New York Stock Exchange (NYSE) continued listing standard for minimum share price. This development was disclosed in a June 3, 2025 filing with the Securities and Exchange Commission. The NYSE had previously notified Wheels Up in early May that the company was not meeting the requirement to maintain an average closing share price of at least $1 over a consecutive 30 trading-day period, providing a six-month window to rectify the situation. On June 2, the exchange confirmed that Wheels Up’s stock had sustained an average closing price above the $1 threshold for the requisite period, thereby restoring the company’s eligibility for continued trading under section 802.01C of the NYSE Listed Company Manual.
Wheels Up’s CEO, George Mattson, expressed satisfaction with the swift turnaround, noting that the company had regained full compliance through market-driven stock appreciation in just over a month since receiving the notice. He emphasized that this milestone reflects growing investor confidence in the company’s ongoing business transformation and long-term strategic vision. Mattson underscored the significant scale and strength of Wheels Up as it navigates this critical phase.
Market Dynamics and Competitive Pressures
The restoration of compliance has reignited market interest and may enhance investor confidence in Wheels Up’s business trajectory. Nonetheless, the company faces the ongoing challenge of maintaining its share price above the $1 minimum to avoid future delisting risks. Recent stock price volatility has attracted heightened scrutiny from investors and analysts, who are closely monitoring Wheels Up’s capacity to sustain compliance while delivering consistent growth.
Concurrently, the private aviation sector is experiencing intensified competition. New market entrants, such as Kenny Dichter’s Real Jet, are introducing alternative service models that eschew membership fees and long-term commitments, potentially drawing customers away from established operators like Wheels Up. This evolving competitive landscape highlights the imperative for Wheels Up to continue innovating and adapting its business model to preserve and expand its market share.
According to ch-aviation Business Jet Operator & Airport Data, Wheels Up currently operates a diverse fleet of 90 aircraft, including a Beechjet 400A, three Challenger 300s, nine Citation Excels, 25 Citation Xs, six Citation XLSs, 26 Hawker 400XPs, one Beechjet 400XT, 13 Phenom 300s, five Phenom 300Es, and one Vision Jet G2.
As Wheels Up advances, its ability to maintain NYSE compliance, respond effectively to competitive pressures, and execute its strategic objectives will remain under close observation by the market.

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