aviation

The Federal Aviation Administration (FAA) is reportedly considering reducing the number of flights operating out of New Jersey's Newark Airport. What Happened: The agency is set to meet with officials from several U.S. airlines to discuss scaling back flights out of Newark following disruptions...

Airbus SE (OTC:EADSF) has agreed to take over assets owned by Spirit Aerosystems Holdings Inc. (NYSE:SPR) in a boost to the manufacturer's acquisition by Boeing Co. (NYSE:BA). What Happened: Airbus will acquire several of Spirit's assets across the globe as part of the deal, including a facility in...

United Airlines Holdings Inc. (NASDAQ:UAL) said it will roll back its flight operations this summer as the company readies itself for a decline in air travel. What Happened: In a full-year forecast released by the company, United Airlines announced it will cut its flight schedule by 4% starting in...

Thousands of Boeing Co.'s (NYSE:BA) planes are facing repairs after the FAA received a report of a passenger getting stuck in the onboard bathroom during a flight. What Happened: The FAA issued a notice to Boeing and proposed an airworthiness report, reported Business Insider. The modifications...

Archer Aviation Inc (NYSE:ACHR) stock gained Friday after Wall Street analysts rerated it after its fourth-quarter report Thursday. The company reported a fourth-quarter loss of $1.42 per share, missing analyst estimates for a loss of $1.24 per share. Archer Aviation said its quarterly spending...

Archer Aviation Inc (NYSE:ACHR) reported financial results for the fourth quarter Thursday after the bell. Here’s a look at the key details from the print. Q4 Earnings: Archer reported a fourth-quarter loss of $1.42 per share, missing analyst estimates for a loss of $1.24 per share, according...

Delta Air Lines, Inc. (NYSE:DAL) has put forth a “no strings attached” offer of $30,000 to each passenger of a flight that crash-landed in Toronto. Legal advisors weigh in if passengers should accept this proposal. What Happened: Delta Air Lines has proposed a $30,000 payment to...

JPMorgan shifted gears on air mobility stocks Archer Aviation Inc (NYSE:ACHR) and Joby Aviation Inc (NYSE:JOBY), downgrading them despite strong sector enthusiasm. Analyst Bill Peterson adjusted Archer Aviation stock to a Neutral rating and Joby Aviation stock to Underweight, noting their...

Joby Aviation Inc (NYSE:JOBY) shares are falling in extended trading Tuesday after the company announced it entered into an equity distribution agreement. What Happened: In a new regulatory filing released after the market close on Tuesday, Joby announced an offering agreement under which the...

One year after placing a record-shattering $52 billion order, Emirates Airlines voiced frustration with Boeing (NYSE:BA) over delays in aircraft deliveries. "We're a frustrated entity because we need airplanes, and we need them now," Emirates President Sir Tim Clark told BNN Bloomberg, extending...

Southwest Airlines Co. (NYSE:LUV) is soaring to new heights following an impressive earnings beat and a fresh alliance with activist investor Elliott Investment Management. In its recent earnings report, the airline posted a 5.3% increase in total operating revenue, hitting $6.87 billion —...

United Airlines (NASDAQ: UAL) is benefiting from upbeat air travel demand. UAL's proactive measures toward sustainability and innovation are praiseworthy. However, weakness in liquidity and increased operating expenses are hurting the company's prospects. Factors Favoring UAL United...

Jeff Bezos, the founder of Amazon.com Inc., has reportedly added a Gulfstream G700 to his collection of private jets, valued at $80 million. What Happened: According to JetSpy and Jack Sweeney, who is well-known for tracking the aircraft of Elon Musk and Taylor Swift, Bezos received the $80 million...

Joby Aviation, Inc. (NYSE:JOBY) shares are trading higher after the company reported its second-quarter financial results Wednesday. Here's a look at the details from the report.  The Details: Joby Aviation reported quarterly GAAP losses of 18 cents per share, which met the analyst consensus...

Joby Aviation Inc. (NYSE:JOBY) stock is catching the market’s attention with a 3.64% rise by 2:30 p.m. ET and was trading at $5.14 per share at last check Tuesday. This surge comes on the back of exciting news that the company has formally applied for its revolutionary electric air taxi to...