New York, January 11, 2026, 17:20 EST — The market has closed.
- Wheels Up revealed it got a NYSE notice in December after its shares averaged below the $1 minimum. The company now has six months to fix this or could look at a reverse stock split. 1
- December consumer price figures for the U.S. will be released Jan. 13 at 8:30 a.m. ET, a crucial update for small caps sensitive to interest rates. 2
- The Federal Reserve is set to hold its next policy meeting on Jan. 27-28. 3
Wheels Up Experience Inc shares climbed roughly 5% on Friday, closing at $0.676. The stock fluctuated between $0.6402 and $0.7215 during the session, with around 2.2 million shares traded.
The recent rebound still keeps the on-demand private aviation firm far below the $1 threshold that triggered its NYSE listing warning. Wheels Up has until six months after the Dec. 17 notice to get back in line. Shareholders have also approved a possible reverse stock split, ranging from 1-for-5 to 1-for-20, according to a filing. This move would reduce the number of shares to boost the stock price per share.
Friday’s rally followed a weaker U.S. jobs report, sparking a wider move into risk assets despite warnings that the labor market is slowing down. “Hiring is still stuck in stall speed,” said Olu Sonola, head of U.S. economic research at Fitch Ratings. 4
Small caps took the lead Friday, with the Russell 2000 climbing 0.8%, per an Associated Press market summary.
Inflation takes center stage next week. The Labor Department will release December’s consumer price index on Jan. 13 at 8:30 a.m. ET. Producer prices for November follow on Jan. 14, with import and export prices for the same month due Jan. 15.
Wheels Up is pushing to overhaul its operations and cut costs. In a December statement tied to its NYSE notice, the company highlighted a fleet transition and efficiency moves aimed at slashing roughly $70 million in annual run-rate expenses starting mid-2026.
Wheels Up is doubling down on its partnership with Delta Air Lines as it revamps its product offering. “Expanding how our members can fly is central to our strategy,” CEO George Mattson said. Starting early January, members will be able to self-book Delta commercial flights directly through Wheels Up’s portal. 5
Delta shares closed Friday roughly 1.4% higher.
The risk is clear: a single-day jump won’t clear the listing overhang. A reverse split might boost the stock price, but it doesn’t alter the company’s fundamental value. If interest rates rise again, high-beta stocks could take a sharp hit.
Tuesday brings the next data point: December CPI numbers from the BLS, set for release at 8:30 a.m. Eastern. The Fed’s calendar marks its Jan. 27-28 meeting, with a press conference planned for the 28th. 6
