Archer Aviation Soars 20% After Laying Out UAE Air Taxi Launch Plan

May 13, 2025 10:39 AM PDT | By EODHD

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Archer Aviation Soars 20% After Laying Out UAE Air Taxi Launch Plan — Image source: Kalkine Media

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Archer Aviation (NYSE:ACHR) stock surged 20% on Tuesday morning after the company delivered a Q1 update that showed solid financial control and progress toward its first commercial launches. Warning! GuruFocus has detected 2 Warning Sign with ACHR.Archer Aviation Soars 20% After Laying Out UAE Air Taxi Launch Plan The company posted a $93 million loss for the quarter but stayed within guidance. More importantly, it ended Q1 with over $1 billion in cash, giving it breathing room most early-stage aviation startups don't have. Archer also raised $19 million through a small stock offering. It's not a huge raise, but it shows the company is thinking ahead, not scrambling for cash.

What really caught attention, though, were the launch updates. Archer said it plans to deliver its Midnight air taxi to the UAE this summer. It's working with Abu Dhabi Aviation and Ethiopian Airlines, and has just received design approval for a new vertiport in Abu Dhabi. Closer to home, Archer and United Airlines (NASDAQ:UAL) are lining up a short-hop air route from Manhattan to a nearby airport, a real test for how its eVTOL aircraft can scale. There's also a new partnership with Palantir Technologies (NASDAQ:PLTR) to build AI tools for flight planning and fleet management.

That could open up a whole new software angle for the business. This article first appeared on GuruFocus. View Comments

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