Earnings

Company says outlook is improving with production levels expected to rise.

The FAA’s action gives the public and industry 30 days to comment and is a significant step in Joby earning certification for its eVTOL. Last week, Joby announced that it would delay the commercial service launch until 2025 because of regulatory hurdles.

Since going public via a SPAC-IPO last summer, Wheels Up’s share price has slumped in the public markets amid questions about its addressable market and profitability.

Joby Aviation is delaying the commercial service launch of its electric vertical take-off and landing services until 2025, in part because of regulatory hurdles, the company’s founder and CEO JoeBen Bevirt said Thursday.

Despite talks of a recession in the broad economy amid record inflation, fluctuating fuel prices, or even a hard to fix workforce challenges, the commercial airlines market is still booming.

ALPA president Capt. Joe DePete described SkyWest’s proposal as purposefully deceitful. He said it would undermine safety standards because it would allow the airline to avoid critical first officer qualification rules that apply to Part 121 operations, but not Part 135. That means the airline could hire pilots at less than the requirements of the 1,500-hour rule.

Firm-order backlog is the largest the aerospace manufacturer has seen in nearly four years.

Mounting losses and delays create big challenges for the company through the first part of 2022.

The company remains optimistic that it will beat its full-year outlook.

Embraer Reports 2021 Gains, but a Revenue Drop in Q4.