Delta CFO Erik Snell Joins Wheels Up Board, Replacing COO Dan Janki
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 24 2026
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Should l Buy UP?
Source: PRnewswire
- Board Changes: Erik Snell, Delta's CFO, has been appointed to the Wheels Up Board, replacing COO Dan Janki, marking a reinforcement of Delta's strategic partnership with Wheels Up, as Snell previously served on the board from 2021 to 2023.
- Independent Director Retirement: Timothy Armstrong, who has served two consecutive three-year terms since Wheels Up's IPO, will not seek reelection at the 2026 Annual Meeting, with Roger Farah expected to be nominated to succeed him, bringing over four decades of experience in luxury and retail.
- Leadership Impact: Snell's return is seen as a significant boost to Wheels Up's strategic collaboration with Delta, with CEO George Mattson highlighting that Snell's appointment will facilitate the company's long-term growth and transformation, reflecting its ambitions in the aviation solutions market.
- Future Transparency: Wheels Up plans to file a Current Report and definitive proxy statement with the SEC on April 24, 2026, which will include biographical details about Snell and Farah, enhancing governance transparency and shareholder engagement ahead of the Annual Meeting.
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About UP
Wheels Up Experience Inc. is a provider of on-demand private aviation in the United States. The Company offers a complete global aviation solution with a large and diverse fleet and a global network of safety-vetted charter operators. Its offering is delivered through a mix of its member programs and charter solutions that utilize its owned and leased aircraft fleet and an asset-light charter model to deliver a range of global travel alternatives. In addition, its partnership with Delta Air Lines, Inc. (Delta) provides its members and customers with an offering across both private and premium commercial travel. In addition to its Wheels Up Membership and Wheels Up Charter offerings, it provides wholesale charter services to customers, such as charter flight brokers and third-party operators. It offers group charter flights, cargo flights, maintenance, repair and operations services (MRO), fixed-base operator (FBO) services, safety and security services, and special missions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Wheels Up to Release Q1 2026 Financial Results on May 11
- Earnings Release Announcement: Wheels Up Experience Inc. has announced that it will release its Q1 2026 financial results on May 11, 2026, with earnings materials available on the investor relations website, reflecting the company's commitment to transparency and investor communication.
- Business Overview: As a leading global provider of on-demand private aviation, Wheels Up boasts a diverse fleet and a network of safety-vetted charter operators dedicated to safety and service, further solidifying its market position.
- Strategic Partnership: The strategic partnership with Delta Air Lines allows Wheels Up customers to access charter and membership programs along with premium commercial travel benefits, enhancing customer experience and elevating brand value.
- Cargo Service Expansion: The company also provides cargo services through Air Partner Cargo to individuals and government organizations, showcasing its strategic diversification aimed at meeting the needs of various client segments.
See More
Wheels Up Completes Fleet Modernization Ahead of Schedule
- Fleet Modernization Progress: Wheels Up announced the retirement of its legacy jet fleets 18 months ahead of schedule, now exclusively operating Phenom 300 and Challenger 300 series aircraft, which enhances operational efficiency and service consistency.
- Strategic Simplification: This fleet update aims to simplify the company's product structure while better aligning aircraft availability with customer demand, expected to support stronger scale efficiencies and a more scalable aviation platform.
- Improved Customer Satisfaction: Management noted that customer satisfaction has improved with the introduction of newer aircraft models, indicating positive progress in delivering higher-quality service.
- Positive Stock Reaction: Wheels Up's shares rose 4.6% in premarket trading on Wednesday, reflecting market optimism regarding the company's strategic transformation.
See More
Wheels Up Completes Fleet Modernization 18 Months Ahead of Schedule
- Fleet Modernization Milestone: Wheels Up has completed its fleet modernization 18 months ahead of schedule, focusing on Phenom 300 and Challenger 300 series aircraft, which enhances operational efficiency and customer satisfaction, marking a successful strategic transformation for the company.
- Enhanced Customer Experience: By simplifying its fleet architecture, Wheels Up offers a more consistent premium service, with significantly improved customer satisfaction ratings, indicating strengthened competitiveness in the high-end private aviation market.
- Strengthened Strategic Partnerships: The strategic relationship with Delta Air Lines is further solidified, ensuring that customers continue to access a wide range of charter solutions even with the retirement of Citation X and Hawker 400XP aircraft, thereby enhancing customer trust and loyalty.
- Future Growth Potential: The modernization efforts not only improve operational efficiency but also lay the groundwork for future expansion and alignment with market demand, signaling long-term growth potential for the company in the private aviation sector.
See More
Wheels Up Board Changes with New Delta Designee
- Board Appointment: Wheels Up Experience Inc. announced the appointment of Erik Snell, CFO of Delta Air Lines, to its board, replacing Dan Janki, aiming to strengthen ties with its majority shareholder and enhance corporate governance.
- Executive Background: Erik Snell has held several senior leadership roles at Delta, including Executive Vice President and Chief Customer Experience Officer, bringing extensive industry experience that is expected to provide strategic insights for Wheels Up.
- Independent Director Change: Timothy Armstrong will not seek re-election, concluding his two-term tenure as an independent director, indicating a shift in the board's composition to align with future growth needs.
- New Nominee: Wheels Up plans to nominate Roger Farah for election at the upcoming annual meeting to succeed Armstrong, reflecting the company's commitment to board diversity and expertise.
See More
Delta CFO Erik Snell Joins Wheels Up Board, Replacing COO Dan Janki
- Board Changes: Erik Snell, Delta's CFO, has been appointed to the Wheels Up Board, replacing COO Dan Janki, marking a reinforcement of Delta's strategic partnership with Wheels Up, as Snell previously served on the board from 2021 to 2023.
- Independent Director Retirement: Timothy Armstrong, who has served two consecutive three-year terms since Wheels Up's IPO, will not seek reelection at the 2026 Annual Meeting, with Roger Farah expected to be nominated to succeed him, bringing over four decades of experience in luxury and retail.
- Leadership Impact: Snell's return is seen as a significant boost to Wheels Up's strategic collaboration with Delta, with CEO George Mattson highlighting that Snell's appointment will facilitate the company's long-term growth and transformation, reflecting its ambitions in the aviation solutions market.
- Future Transparency: Wheels Up plans to file a Current Report and definitive proxy statement with the SEC on April 24, 2026, which will include biographical details about Snell and Farah, enhancing governance transparency and shareholder engagement ahead of the Annual Meeting.
See More
Wheels Up Announces 1-for-20 Reverse Split, Shares Plunge 25%
- Reverse Stock Split Announcement: Wheels Up has announced a 1-for-20 reverse stock split, set to begin trading on a split-adjusted basis on April 27, 2026, aiming to regain compliance with NYSE listing standards and maintain eligibility for the Russell 3000 index.
- Significant Share Price Drop: As of 3:45 p.m. ET, Wheels Up's shares have plummeted 25%, currently priced at $0.42, reflecting a staggering 99.6% decline since its 2020 IPO, indicating investor concerns regarding the upcoming split and overall market confidence.
- Sales Decline: Despite an expanded partnership with Delta Air Lines, Wheels Up experienced a 10% drop in sales in the latest quarter due to the intentional winding down of lower-margin legacy memberships and group charter sales, highlighting challenges during its transition.
- Improved Profitability: The company's net profit margin improved from -42% in Q4 last year to -16% this year, suggesting potential for recovery if this trend continues, although its high-risk profile warrants caution from investors.
See More
Wheels Up to Release Q1 2026 Financial Results on May 11
- Earnings Release Announcement: Wheels Up Experience Inc. has announced that it will release its Q1 2026 financial results on May 11, 2026, with earnings materials available on the investor relations website, reflecting the company's commitment to transparency and investor communication.
- Business Overview: As a leading global provider of on-demand private aviation, Wheels Up boasts a diverse fleet and a network of safety-vetted charter operators dedicated to safety and service, further solidifying its market position.
- Strategic Partnership: The strategic partnership with Delta Air Lines allows Wheels Up customers to access charter and membership programs along with premium commercial travel benefits, enhancing customer experience and elevating brand value.
- Cargo Service Expansion: The company also provides cargo services through Air Partner Cargo to individuals and government organizations, showcasing its strategic diversification aimed at meeting the needs of various client segments.
See More
Wheels Up Completes Fleet Modernization Ahead of Schedule
- Fleet Modernization Progress: Wheels Up announced the retirement of its legacy jet fleets 18 months ahead of schedule, now exclusively operating Phenom 300 and Challenger 300 series aircraft, which enhances operational efficiency and service consistency.
- Strategic Simplification: This fleet update aims to simplify the company's product structure while better aligning aircraft availability with customer demand, expected to support stronger scale efficiencies and a more scalable aviation platform.
- Improved Customer Satisfaction: Management noted that customer satisfaction has improved with the introduction of newer aircraft models, indicating positive progress in delivering higher-quality service.
- Positive Stock Reaction: Wheels Up's shares rose 4.6% in premarket trading on Wednesday, reflecting market optimism regarding the company's strategic transformation.
See More
Wheels Up Completes Fleet Modernization 18 Months Ahead of Schedule
- Fleet Modernization Milestone: Wheels Up has completed its fleet modernization 18 months ahead of schedule, focusing on Phenom 300 and Challenger 300 series aircraft, which enhances operational efficiency and customer satisfaction, marking a successful strategic transformation for the company.
- Enhanced Customer Experience: By simplifying its fleet architecture, Wheels Up offers a more consistent premium service, with significantly improved customer satisfaction ratings, indicating strengthened competitiveness in the high-end private aviation market.
- Strengthened Strategic Partnerships: The strategic relationship with Delta Air Lines is further solidified, ensuring that customers continue to access a wide range of charter solutions even with the retirement of Citation X and Hawker 400XP aircraft, thereby enhancing customer trust and loyalty.
- Future Growth Potential: The modernization efforts not only improve operational efficiency but also lay the groundwork for future expansion and alignment with market demand, signaling long-term growth potential for the company in the private aviation sector.
See More
Wheels Up Board Changes with New Delta Designee
- Board Appointment: Wheels Up Experience Inc. announced the appointment of Erik Snell, CFO of Delta Air Lines, to its board, replacing Dan Janki, aiming to strengthen ties with its majority shareholder and enhance corporate governance.
- Executive Background: Erik Snell has held several senior leadership roles at Delta, including Executive Vice President and Chief Customer Experience Officer, bringing extensive industry experience that is expected to provide strategic insights for Wheels Up.
- Independent Director Change: Timothy Armstrong will not seek re-election, concluding his two-term tenure as an independent director, indicating a shift in the board's composition to align with future growth needs.
- New Nominee: Wheels Up plans to nominate Roger Farah for election at the upcoming annual meeting to succeed Armstrong, reflecting the company's commitment to board diversity and expertise.
See More
Delta CFO Erik Snell Joins Wheels Up Board, Replacing COO Dan Janki
- Board Changes: Erik Snell, Delta's CFO, has been appointed to the Wheels Up Board, replacing COO Dan Janki, marking a reinforcement of Delta's strategic partnership with Wheels Up, as Snell previously served on the board from 2021 to 2023.
- Independent Director Retirement: Timothy Armstrong, who has served two consecutive three-year terms since Wheels Up's IPO, will not seek reelection at the 2026 Annual Meeting, with Roger Farah expected to be nominated to succeed him, bringing over four decades of experience in luxury and retail.
- Leadership Impact: Snell's return is seen as a significant boost to Wheels Up's strategic collaboration with Delta, with CEO George Mattson highlighting that Snell's appointment will facilitate the company's long-term growth and transformation, reflecting its ambitions in the aviation solutions market.
- Future Transparency: Wheels Up plans to file a Current Report and definitive proxy statement with the SEC on April 24, 2026, which will include biographical details about Snell and Farah, enhancing governance transparency and shareholder engagement ahead of the Annual Meeting.
See More
Wheels Up Announces 1-for-20 Reverse Split, Shares Plunge 25%
- Reverse Stock Split Announcement: Wheels Up has announced a 1-for-20 reverse stock split, set to begin trading on a split-adjusted basis on April 27, 2026, aiming to regain compliance with NYSE listing standards and maintain eligibility for the Russell 3000 index.
- Significant Share Price Drop: As of 3:45 p.m. ET, Wheels Up's shares have plummeted 25%, currently priced at $0.42, reflecting a staggering 99.6% decline since its 2020 IPO, indicating investor concerns regarding the upcoming split and overall market confidence.
- Sales Decline: Despite an expanded partnership with Delta Air Lines, Wheels Up experienced a 10% drop in sales in the latest quarter due to the intentional winding down of lower-margin legacy memberships and group charter sales, highlighting challenges during its transition.
- Improved Profitability: The company's net profit margin improved from -42% in Q4 last year to -16% this year, suggesting potential for recovery if this trend continues, although its high-risk profile warrants caution from investors.
See More
