A US government watchdog has launched an audit of the FAA’s oversight of the congested airspace around Ronald Reagan Washington National Airport, after January’s deadly midair collision https://t.co/IVPf1HJKNA ...

But also tonight, we've got some developing news with the feds saying they're opening a new investigation into this helicopter crash over the Mississippi River that left two people dead. It happened between a city on the Illinois side and one on the Missouri side. You can see there the smoke billowing up from the crash site.Police say they think the chopper hit power lines and then crashed into a barge on the river below. Adrien Bratus is following this for us. What else can you tell us, Adrian.As you just ...

Core Viewpoint - Joby Aviation's stock has experienced a significant decline due to disappointing financial results and negative sentiment from analysts on Wall Street [1][4]. Financial Performance - Joby Aviation reported nominal revenue of $15,000, which represents a 46% decline year over year [3]. - The company recorded a loss per share of $0.41, a 56% decrease compared to the previous year [3]. Analyst Sentiment - Analysts from H.C. Wainwright and Canaccord downgraded Joby stock to a hold rating, citing a 400% increase in stock price over the past year that inflated its valuation [4]. - The current stock price reflects a valuation of 344 times next year's expected sales, raising concerns given the company's minimal revenue and increasing losses [4]. Operational Progress - Joby has commenced final assembly of the Type Inspection Authorization (TIA) aircraft, which will be tested by FAA pilots [5]. - The company has completed 70% of its certification requirements, while the FAA has completed 50% of its own requirements [5]. - Joby has conducted 21 full transition flights in Dubai to validate its commercial readiness [5]. - A new collaboration with L3Harris has been announced to develop a gas turbine hybrid aircraft for the defense market [5]. Future Outlook - While FAA certification appears likely, Joby faces challenges in scaling aircraft manufacturing and achieving profitability [6]. - The investment proposition is characterized as high-risk with the potential for a binary outcome, necessitating careful consideration by investors [6].

Certification Progress - Joby's airframe for its first aircraft intended for FAA certification flights has completed structural testing and is entering final assembly [3] - Joby anticipates piloted flights later this year and FAA flights early next year, marking the final step in the certification process [3] - The company highlights the culmination of 10 years of work with the FAA in building the certification basis [4] - Joby is in the final stages of the certification journey, preparing for TIA flight tests early next year [4] Commercial Operations - Commercial flights are likely to commence in the Middle East [5] - Opportunities exist to potentially accelerate US operations, possibly into next year [5] Company Performance - Joby Aviation shares fell this morning after reporting a wider than expected loss [1]

Syria plans to rebuild its aviation industry with new Airbus aircraft and the reconstruction of its main airport as the country reopens after years of civil war https://t.co/rPGKoaKQD1 ...

Financial Performance Highlights - Swire Pacific's underlying profit decreased by 2% to HK$5476 million in 1H2025, compared to HK$5576 million in 1H2024 [24, 34] - Recurring underlying profit decreased slightly by 1% to HK$4712 million in 1H2025 from HK$4762 million in 1H2024 [24, 34] - Ordinary dividend per 'A' share increased by 4% to HK$130 [24, 31, 34] - Revenue increased by 16% to HK$45774 million in 1H2025 from HK$39563 million in 1H2024 [34] Business Segment Performance - Property division's underlying profit increased by 15% to HK$4406 million [56] - Beverages division's attributable profit decreased by 9% to HK$803 million [89] - Aviation division (Cathay group) attributable profit increased by 1% to HK$1642 million [38, 98] - HAECO group recurring profit increased significantly by 40% to HK$561 million [30, 98, 118] Property Investment and Development - 67% committed in HK$100 billion investment plan [22, 58] - Completed the sale of interests in Brickell City Centre retail and parking spaces, as well as the adjacent sites, in Miami, USA [22] - Chinese Mainland portfolio contributed 42% attributable gross rental income in 1H2025 [71, 73] Beverages - Swire Coca-Cola - Revenue increased by 25% to HK$22188 million [89] - EBITDA margin remained almost flat at 128% [89, 91] - Inaugurated a new US$136 million flagship plant in Tay Ninh, Vietnam [78] Aviation - Cathay Pacific and HAECO - Cathay group reported a group profit of HK$43 billion [101] - HAECO group achieved a 40% growth in recurring profit [30, 98, 118]

Core Insights - Joby Aviation reported a quarterly loss of 41 cents per share, which was worse than the analyst consensus estimate of a loss of 19 cents [1] - The company's quarterly revenue was $15,000, significantly missing the Street estimate of $43,000 [1] - Joby ended the quarter with $991 million in cash and short-term investments [2] - The CEO highlighted that regulatory progress is unlocking market access and emphasized the focus on scaling production to meet demand [2] - Joby Aviation's stock price decreased by 3.01% to $18.93 in extended trading [3]

Core Insights - Embraer reported $1.82 billion in revenue for Q2 2025, a year-over-year increase of 21.8% and an 8.88% surprise over the Zacks Consensus Estimate of $1.67 billion [1] - The EPS for the quarter was -$0.02, a significant decline from $0.44 a year ago, resulting in a -104.26% surprise compared to the consensus estimate of $0.47 [1] Revenue Breakdown - Commercial Aviation revenue was $577 million, exceeding the average estimate of $551.44 million, reflecting a 4.2% year-over-year increase [4] - Executive Aviation revenue reached $549 million, significantly higher than the estimated $421.97 million, marking a 63.4% increase compared to the previous year [4] - Other revenue amounted to $16 million, surpassing the average estimate of $14.82 million, with a year-over-year change of 14.3% [4] - Services & Support revenue was $456 million, slightly below the estimated $460.57 million, but still showing a 12.9% increase year-over-year [4] - Defense & Security revenue totaled $221 million, close to the average estimate of $222.04 million, with an 18.2% year-over-year increase [4] Stock Performance - Over the past month, Embraer shares have returned -3.5%, contrasting with the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Company Overview - TAT Technologies Ltd. is a leading provider of products and services for the commercial and military aviation industries as well as ground defense industries [3] - The company specializes in OEM heat transfer solutions, aviation accessories, and MRO services for aviation components, including jet engine components and landing gears [3] Financial Results Announcement - TAT Technologies will release its financial results for the second quarter ended June 31, 2025, after market close on August 11, 2025 [1] - A webcast to review the quarterly results will be hosted by CEO Igal Zamir and CFO Ehud Ben-Yair on August 12, 2025, at 8:00 a.m. ET [2]

Dronemaker Destinus to buy AI aviation firm for $223 million as defense activity in Europe ramps up. https://t.co/HRzVq4F0bz ...