Wheels Up Regains NYSE Compliance After Share Price Recovery
Wheels Up has regained compliance with the New York Stock Exchange (NYSE) minimum share price requirement, the company confirmed in a June 3, 2025, filing with the U.S. Securities and Exchange Commission. The private jet operator had received a non-compliance notice in early May for failing to maintain an average closing share price of at least USD 1 over a 30 trading-day period.
CEO George Mattson welcomed the news, stating, “We are pleased that in just over a month since receiving the notice, we have regained full compliance with NYSE listing standards through market-driven stock appreciation. This milestone reflects growing investor confidence in our business transformation and long-term strategy.”
Wheels Up was granted six months to resolve the issue, but the NYSE informed the company on June 2 that it had achieved the minimum share price requirement, bringing it back into full compliance with section 802.01C of the NYSE Listed Company Manual.
The quick recovery underscores positive market sentiment as Wheels Up continues to restructure its business and focus on long-term growth in the on-demand private aviation sector. Mattson added, “We believe the scale and strength of our company remain significant.”
According to ch-aviation data, Wheels Up operates a fleet of 90 business jets. The lineup includes models such as the Beechjet 400A, Challenger 300, Citation Excel, Citation X, Hawker 400XP, Phenom 300, Phenom 300E, and Vision Jet G2, supporting its growing membership and charter services across the U.S.
Related News: https://airguide.info/category/air-travel-business/airline-finance/
Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com