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Wheels Up released its third-quarter 2025 earnings on November 5, 2025. On December 19, 2025, the company received a NYSE non-compliance notice, followed by a stock rally on December 23, 2025, after disclosing an aircraft sale-leaseback deal. On January 27, 2026, Wheels Up launched a unified customer engagement model, integrating its services under a single U.S. brand. The company announced its fourth-quarter 2025 results on February 19, 2026, reporting operational improvements. A 1-for-20 reverse stock split was announced on April 14, 2026, and became effective on April 24, 2026. Changes to the Board of Directors were announced on April 24, 2026, and the fleet modernization was completed ahead of schedule on April 29, 2026. The date for its first-quarter 2026 earnings release was announced on May 4, 2026. On May 5, 2026, the share price was $6.52, a 69.25% decline from $21.20 on May 6, 2025. Erik Snell from Delta Air Lines Inc. was appointed to Wheels Up's Board of Directors on May 6, 2026.