Joby Hits Major Milestone With First Dual-Aircraft Flight

Joby Aviation JOBY, a developer of electric air taxis for commercial passenger service, reached a major milestone by successfully flying two of its electric air taxis simultaneously for the first time on May 9, 2025, in Marina, CA.This achievement marks a significant step forward in the company’s flight-testing program and comes shortly after completing piloted flights that demonstrate a full transition from vertical takeoff to cruise flight and back. With a growing test fleet of six aircraft, Joby is ramping up efforts to secure FAA certification and begin commercial operations.The company plans to launch passenger services in Los Angeles and New York City through strategic partnerships, with flights expected to begin shortly after receiving regulatory approval.International expansion is also underway, with agreements in place with Virgin Atlantic, a UK-based airline recognized for its innovation and exceptional customer service, and ANA Holdings in Japan. JOBY plans to start operations in Dubai by early 2026.Joby has completed more than 40,000 miles of test flights across several countries, including demonstration flights in NewYorkCity,JapanandKorea. Its sixth aircraft is undergoing final checks, while two others are stationed at EdwardsAirForceBase for testing in collaboration with U.S. defense agencies. These milestones reflect Joby’s rapid progress toward launching safe, sustainable electric air taxi services worldwide.JOBY Stock Price PerformanceOwing to such an innovative approach, JOBY shares have rallied 30.1% over the past year, surpassing the Transportation - Airline industry’s rise of 5.6% year over year.Image Source: Zacks Investment ResearchJOBY’s Zacks RankJOBY currently carries a Zacks Rank #3 (Hold).Stocks to ConsiderInvestors interested in the Transportation sector may consider Copa Holdings CPA and Ryanair RYAAYCPA currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.CPA has an expected earnings growth rate of 11.4% for the current year. The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 5.5%. Shares of CPA have risen 12.8% year to date.RYAAY currently sports a Zacks Rank #1.The company has a mixed earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, delivering an average beat of 44.5%. Shares of RYAAY have risen 13.7% year to date.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ryanair Holdings PLC (RYAAY): Free Stock Analysis Report Copa Holdings, S.A. (CPA): Free Stock Analysis Report Joby Aviation, Inc. (JOBY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks