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Archer Aviation Predicts First Paying U.S. Passenger Before 2028

Archer Aviation logoArcher Aviation
Sig2.45Sen-1.55Env0.00Soc0.00Gov+0.85

Archer Aviation expects its Midnight eVTOL to carry its first paying passenger in the United States before 2028, though FAA sign-off and flight testing could delay timing. Archer was selected as an air taxi partner in the White House eVTOL Integration Pilot Program across eight states. The company reported a $263.2M Q2 net loss, guided to a large adjusted EBITDA loss, and ended June with about $1.6B in cash.

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