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BETA Technologies, Archer Prep Air Taxi Flights; Both Top Earnings Views
Air taxi companies continue to check off milestones with operations set to take flight later this year. BETA Technologies topped estimates but lowered its adjusted EBITDA outlook. Archer Aviation, a Cathie Wood holding, topped earnings views and posted its second revenue-generating quarter, but sales fell short of forecasts. The Federal Aviation Administration earlier this year selected both companies as key…
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