Core Insights - The demand for next-generation air transport solutions, particularly eVTOL aircraft, has significantly increased due to urban congestion and new transportation technologies, attracting investor interest in companies like Eve Holding and Joby Aviation [1][2]. Company Analysis Eve Holding (EVEX) - Eve Holding, a spin-off from Embraer, is utilizing its parent company's aerospace expertise and has completed various tests for its eVTOL aircraft, with flight tests expected to start soon [2]. - The company has a growing backlog of Letters of Intent (LOIs), including a recent agreement for up to 54 eVTOLs, indicating strong commercial demand in markets like Brazil and the U.S. [4]. - Eve anticipates the commercialization of its eVTOL services to begin in 2026, with initial revenue generation from eVTOL sales expected in 2027 [5]. - As of March 31, 2025, Eve had $0.06 billion in cash, no short-term debt, and $0.14 billion in long-term debt, suggesting financial viability in the near term [6]. - Eve has outperformed Joby in earnings surprises, beating estimates twice in the past four quarters [10][17]. Joby Aviation (JOBY) - Joby Aviation's growth is supported by strategic partnerships and a strong certification timeline, with recent progress in aircraft certification [7]. - The company has partnered with Virgin Atlantic to launch air taxi services in the UK, starting from London Heathrow and Manchester [7]. - Joby has conducted successful piloted flights in Dubai and plans to launch commercial operations there early next year [8]. - The company is expanding its production capacity in Marina, CA, aiming to produce up to 24 aircraft per year, and is also ramping up operations in Dayton, OH [9]. - Joby has not beaten earnings estimates in any of the past four quarters, indicating challenges in financial performance [19]. Market Comparison - The eVTOL market shows significant potential, with both Eve and Joby being key players, but challenges remain regarding industry viability and public acceptance [20][21]. - Eve Holding currently holds an edge over Joby Aviation, with a Zacks Rank of 3 (Hold) compared to Joby's 4 (Sell) [22].

When Archer Aviation (ACHR 12.12%) reported fourth-quarter 2024 earnings, those numbers showed that the company is bleeding red ink. The last earnings report highlighted the same fact, and the next one will probably tell the same story.In fact, Archer Aviation's bottom line is likely to be in the red for at least several more years, which is why investors really need to be paying attention to a different piece of the equation. Here's the big news that should be watched closely in 2025.What does Archer Aviat ...