The Latest Breaking News from Archer Aviation

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US carrier Southwest Airlines plans to jointly develop a fleet of electric air taxis to serve the California market with transportation startup Archer Aviation, the companies announced Friday.

Archer Aviation, backed by Stellantis and Boeing, aims to begin trials of its electric air taxi in India next year, ahead of a planned commercial launch in 2026, the company’s chief executive told Reuters.

The parent company of IndiGo, InterGlobe Enterprises, and American aircraft manufacturer Archer Aviation have entered into an agreement to operate an all-electric air taxi service in India by 2026.

Carmaking giant Stellantis wants to mass produce "air taxis" designed to carry a handful of passengers on short trips high above road traffic, the company announced this week. It plans to invest up to $150 million in Archer Aviation, which has developed an electric aircraft that can take off and…

 

Archer Aviation Inc (NYSE:ACHR) reported a first-quarter net loss of $(59.2) million, wider than the $(43.3) million loss in 4Q21 and narrower than the $(94.9) million loss in 1Q21. Adjusted EBITDA loss expanded to $(39.1) million from $(15.6) million a year ago. Total operating expenses were $65.3 million for the quarter, a…

Archer Aviation's (NYSE:ACHR) short percent of float has risen 9.43% since its last report. The company recently reported that it has 5.07 million shares sold short, which is 4.41% of all regular shares that are available for trading.

Anytime a company or sector has a trillion-dollar market opportunity, it causes some excitement for investors. That’s what happened Thursday with a new analyst note on a company that went public via SPAC merger in 2021.