Wheels Up Added to Russell 3000® and Russell 2000® Indexes

Rhea-AI Summary

Wheels Up (NYSE: UP) has been added to the broad-market Russell 3000 and Russell 2000 indexes, effective when U.S. markets open on June 29, 2026.

FTSE Russell selects members using market-capitalization rankings and style attributes. About $12.2 trillion in assets are benchmarked against Russell US indexes.

Positive

• Added to Russell 3000 and Russell 2000 indexes effective June 29, 2026
• About $12.2 trillion in assets benchmarked to Russell US indexes

Negative

• None.

News Market Reaction – UP

-1.68%

9 alerts

-1.68% Session close to close

+3.1% Peak Tracked

-9.3% Trough Tracked

$324.71M Market Cap

1.0x Rel. Volume

In the Jun 29 session, UP declined 1.68%, reflecting a mild negative market reaction. Argus tracked a peak move of +3.1% during that session. Argus tracked a trough of -9.3% from its starting point during tracking. Our momentum scanner triggered 9 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement adds UP to the Russell 3000 and Russell 2000, potentially broadening institutional...

Analysis

This announcement adds UP to the Russell 3000 and Russell 2000, potentially broadening institutional exposure. Recent news shows strong operational progress, but low short interest and net insider selling highlight sentiment and execution as key watchpoints.

Key Figures

Russell US indexed assets: $12.2 trillion

1 metrics

Russell US indexed assets $12.2 trillion Assets benchmarked to Russell US indexes as of end of June 2025

Historical Context

5 past events · Latest: Jun 25 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 25	Technology partnership	Positive	+2.3%	Surf Air Mobility selecting Wheels Up as launch customer for Enterprise BrokerOS.
May 27	Brand transition	Positive	-5.8%	Completion of global brand unification under the Wheels Up name and new UK model.
May 26	Lock-up extension	Positive	-4.9%	Delta Air Lines extending its lock-up and leading a $100 million term loan.
May 22	Operational milestone	Positive	+14.3%	Reporting 74 zero cancellation days year to date in 2026, exceeding 2025 total.
May 13	Debt financing	Positive	+7.0%	Closing a $68 million secured mezzanine facility to support fleet modernization.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

The stock often reacts strongly to operational and financing milestones, though strategic or branding updates have occasionally seen negative price responses.

Key Terms

russell 3000, russell 2000, ftse russell, passive index funds

4 terms

russell 3000 financial

"added as a member of the broad-market Russell 3000® and Russell 2000® Indexes"

A broad stock-market index made up of the roughly 3,000 largest publicly traded U.S. companies, ranked by their total market value. It serves as a wide “basket” of American stocks that reflects the overall performance of the U.S. equity market, so investors use it as a benchmark or to gain broad exposure through index funds and ETFs—similar to watching an economy-sized shopping cart to judge how an entire store is doing.

russell 2000 financial

"added as a member of the broad-market Russell 3000® and Russell 2000® Indexes"

An index that tracks the performance of roughly 2,000 smaller publicly traded U.S. companies, ranked by their size measured in market value. Investors use it like a thermometer for the small‑company segment of the stock market: it shows how that part of the market is doing, serves as a common benchmark for small‑cap funds, and helps gauge risk appetite and economic trends that often affect smaller businesses more than large ones.

ftse russell financial

"FTSE Russell determines membership for its Russell indexes primarily by objective"

FTSE Russell is a global index provider that creates and maintains lists (indexes) showing how groups of stocks perform, similar to a scoreboard that ranks companies by size, sector and trading activity. Investors use these indexes as benchmarks and as the basis for investment products like index funds and ETFs, so when a stock is added or removed it can trigger buying or selling that affects its price and liquidity.

passive index funds financial

"Russell indexes are widely used by passive index funds seeking to track the index"

Passive index funds are investment pools that copy a specific market benchmark, like the S&P 500, by holding the same mix of stocks or bonds in similar proportions. They matter to investors because they offer low-cost, hands-off exposure to broad market returns—like buying a pre-mixed recipe instead of assembling ingredients—reducing fees and manager risk while delivering performance that closely matches the chosen market segment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ATLANTA, June 29, 2026 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP), a leading provider of on-demand private aviation, has been added as a member of the broad-market Russell 3000^® and Russell 2000^® Indexes, to become effective when the U.S. market opens on June 29. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

"We are pleased to have been added to these important and closely followed market indexes, as we continue to make rapid progress in our business transformation since the Delta Air Lines led investment into Wheels Up," said Wheels Up Chief Executive Officer George Mattson. "With our fleet modernization complete, record operational performance, accelerating commercial momentum and the continued backing of our primary investors, we believe we are well-positioned to deliver long-term value to our shareholders and customers."

Russell indexes are widely used by passive index funds seeking to track the index return and by active investment managers and institutional investors as benchmarks for active investment strategies. According to data as of the end of June 2025, about $12.2 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider. For more information on the Russell 3000^® and Russell 2000^® Indexes, and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.

About Wheels Up

Wheels Up is a leading global provider of on-demand private aviation with a large, diverse fleet and a network of safety-vetted charter operators, all committed to safety and service. Customers access charter and membership programs and premium commercial travel benefits through a strategic partnership with Delta Air Lines. Wheels Up also provides cargo services to a range of clients, including individuals and government organizations, via Air Partner Cargo. With the Wheels Up app and website, members can easily search, book, and fly. For more information, visit www.wheelsup.com.

About FTSE Russell, an LSEG Business

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally.

Approximately $21.20 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by LSEG. For more information, visit FTSE Russell.

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside of the control Wheels Up Experience Inc. (referred to herein as "Wheels Up", "our", "us" or the "Company"). These forward-looking statements include, but are not limited to, statements regarding the Company's future performance and prospects . The words "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "future," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "strive," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that statement is not forward-looking. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission (the "SEC") on March 11, 2025, the Company's Quarterly Report on Form 10-Q for the three months ended March 31, 2026 filed with the SEC on May 11, 2026, and the Company's other filings with the SEC from time to time. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, the Company does not intend to update any of these forward-looking statements after the date of this press release.

Contacts

Investors:
ir@wheelsup.com

Media:
press@wheelsup.com

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SOURCE Wheels Up

FAQ

What did Wheels Up (NYSE: UP) announce on June 29, 2026?

Wheels Up (NYSE: UP) announced its addition to the Russell 3000 and Russell 2000 indexes. According to Wheels Up, membership becomes effective when U.S. markets open on June 29, 2026, following FTSE Russell’s market-capitalization and style-based index selection process.

When does Wheels Up’s inclusion in the Russell 3000 and 2000 indexes become effective?

Wheels Up’s inclusion in the Russell 3000 and Russell 2000 becomes effective at the U.S. market open on June 29, 2026. According to Wheels Up, FTSE Russell determined membership during its annual reconstitution using objective market-capitalization rankings and style attributes.

How does FTSE Russell decide to add companies like Wheels Up (UP) to the Russell indexes?

FTSE Russell adds companies such as Wheels Up based on objective index rules. According to Wheels Up, FTSE Russell determines Russell index membership primarily using market-capitalization rankings and style attributes during its periodic reconstitution of the Russell US indexes.

How much money is benchmarked to the Russell US indexes that now include Wheels Up?

Approximately $12.2 trillion in assets are benchmarked to Russell US indexes. According to Wheels Up, this figure is based on data as of the end of June 2025 and reflects assets using Russell indexes as performance benchmarks.

Why is Russell 3000 and Russell 2000 index inclusion important for Wheels Up investors?

Russell 3000 and 2000 inclusion increases Wheels Up’s presence in widely followed market benchmarks. According to Wheels Up, Russell indexes are widely used by passive index funds and by active institutional managers as benchmarks for their investment strategies.