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Stocks in focus: Delta earnings, Park Aerospace beats estimates, New Horizon loss expected; MFA names CEO, RenX files 24.28M-share resale.
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The Federal Trade Commission has issued orders to Delta Air Lines and eight other companies to provide information regarding their use of personal data in setting prices and compensation.
Joby Aviation and Archer Aviation are turning to Pentagon defense contracts as a critical revenue bridge while awaiting FAA certification and commercial eVTOL service launches. Joby has a $163 million Air Force contract and acquired Resonant Sciences for $500 million for defense operations, while Archer has a $142 million Air Force contract. Defense revenue provides early, reliable cash flow as both companies face years of cash outflows before commercial viability, though commercial adoption faces headwinds including congested airspace concerns.
Delta Air Lines has been announced as a premier sponsor for the Captain Planet Foundation's 35th Anniversary Concert for the Planet Gala.
On Friday, New Horizon Aircraft (NASDAQ:HOVR) discussed first-quarter financial results during its earnings call. The full transcript is provided below. This content is powered by Benzinga APIs. For comprehensive