https://flightaware.com/squawks/ FlightAware Squawks: new (24hours) en-us 600 http://flightaware.com/squawks/view/1/24_hours/new/93437/All_Airbus_operator_Wizz_Air_orders_more_A321neo_planes Wed, 02 Aug 2023 18:56:50 GMT Europe’s fastest-growing ultra-low-cost airline, Wizz Air, has signed a firm contract for an additional 75 A321neo Family aircraft, taking its total order for the largest member of the Airbus single-aisle to 434, and for Wizz’s A320 Family overall to 565 aircraft. http://flightaware.com/squawks/view/1/24_hours/new/93437/All_Airbus_operator_Wizz_Air_orders_more_A321neo_planes http://flightaware.com/squawks/view/1/24_hours/new/93436/Cargo_downturn_hurts_Asian_airlines_more_than_global_competitors Wed, 02 Aug 2023 18:34:18 GMT Korean Air, Singapore and ANA have seen cargo revenues slump more than others. http://flightaware.com/squawks/view/1/24_hours/new/93436/Cargo_downturn_hurts_Asian_airlines_more_than_global_competitors http://flightaware.com/squawks/view/1/24_hours/new/93435/American_Airlines_in_Advanced_Talks_with_Airbus_and_Boeing_for_100_Narrowbody_Jets Wed, 02 Aug 2023 15:42:36 GMT FORT WORTH — American Airlines aiming to rejuvenate its aging fleet, has reportedly entered negotiations with aviation heavyweights Airbus and Boeing about procuring a minimum of 100 narrowbody aircraft. http://flightaware.com/squawks/view/1/24_hours/new/93435/American_Airlines_in_Advanced_Talks_with_Airbus_and_Boeing_for_100_Narrowbody_Jets http://flightaware.com/squawks/view/1/24_hours/new/93434/Joby_Aviation_NYSE_JOBY_Take_This_Stock_Straight_to_the_Top Wed, 02 Aug 2023 12:39:18 GMT Joby Aviation (NYSE:JOBY) stock is a soar-or-sink investment that, under the right circumstances, could go straight to the top in the coming quarters. I am bullish on JOBY stock, though it’s a high-risk stock. California-based Joby Aviation develops “all-electric, vertical take-off and landing aircraft,” which is a fancy way of saying the company builds flying taxis. The “vertical take-off” part basically means that the aircraft can go straight up before moving laterally to its destination. Joby Aviation plans to release its second-quarter earnings results on August 2 after the market closes. Will you be positioned for gains if JOBY stock flies higher? It’s worth considering, as Joby Aviation might not be favored by every analyst, but the company has positive news to report in the U.S. and abroad. JOBY Stock’s Rally Reflects a “Risk-on” Market Someday, Joby Aviation could turn science fiction into reality by populating the skies with flying taxis. However, at least one expert on Wall Street doesn’t seem fully convinced that JOBY stock is ready for takeoff. We’ll get into the consensus opinion of Joby Aviation in a moment, but for now, we should consider the cautionary tone of JPMorgan Chase (NYSE:JPM) analyst Bill Peterson. He downgraded JOBY stock from a Hold to a Sell rating, and JPMorgan Chase suggested that the stock’s strong performance in June and July reflected a “risk-on environment” by retail investors as well as short covering, “with the stock performance decoupling from fundamentals.” At the same time, JPMorgan Chase raised its price target on Joby Aviation stock from $5 to $6, though this still implies a drawdown from the current share price. I’ll acknowledge that the sudden rally in JOBY stock had a meme-like feel to it, and Joby Aviation’s fundamentals aren’t ideal, as the company has yet to achieve profitability. Coming into an earnings announcement, Joby Aviation will likely report another unprofitable quarter. Analysts expect the company to post second-quarter 2023 earnings of -$0.15 per share. I can understand if this is a deal-breaker for some risk-averse investors, but let’s delve into Joby Aviation’s recent achievements before dismissing the company altogether. Joby Aviation Makes Progress in the U.S. and South Korea While Joby Aviation’s financials aren’t ideal, the company could be profitable in the future. Already, there are signs that Joby Aviation is demonstrating progress on two different continents. In the U.S., Joby Aviation earned a Special Airworthiness Certificate from the Federal Aviation Administration (FAA) for one of its aircraft. It’s a major milestone moment for Joby Aviation since it means the company can commence “flight testing of its first production prototype,” which Joby plans to move to an Air Force base in 2024. Furthermore, Joby Aviation recently submitted all of its Certification Plans to the FAA. This event, the company states, represents “further progress toward completing the third of five stages required to certify” Joby’s “aircraft for commercial use.” It’s a step toward the company’s goal of launching commercial aircraft service in 2025, according to Didier Papadopoulos, Head of Aircraft OEM at Joby Aviation. Meanwhile, halfway around the world, Joby Aviation just expanded its partnership with South Korean telecommunications company SK Telecom (NYSE:SKM). This agreement, Joby Aviation reports, “paves the way for Joby to participate alongside SKT” in a South Korean demonstration program known as the K-UAM Grand Challenge. Moreover, SK Telecom is reportedly making a $100 million equity investment in Joby Aviation. Is JOBY Stock a Buy, According to Analysts? Turning to Wall Street, JOBY stock comes in as a Hold based on three Buys, two Holds, and two Sell ratings. The average Joby Aviation stock price target is $8.17, implying 6.6% downside potential. If you’re wondering which analyst you should follow if you want to buy and sell JOBY stock, the most accurate analyst covering the stock (on a one-year timeframe) is Andres Sheppard of Cantor Fitzgerald, with an average return of 21.47% per rating and a 67% success rate. Click on the image below to learn more. Conclusion: Should You Consider JOBY Stock? Make no mistake about it – there are risks involved here, as Joby Aviation’s fundamentals aren’t perfect. Still, whether you consider investing in Joby Aviation, it would undoubtedly be exciting to take an early stake in the future of urban aviation. At the very least, I invite you to keep an eye on Joby Aviation because the company could pave the way for a hyper-growth industry someday. If you’re ready to consider a pre or post-earnings position in JOBY stock, I’d definitely say it’s worth considering as long as you’re prepared for a lot of turbulence. http://flightaware.com/squawks/view/1/24_hours/new/93434/Joby_Aviation_NYSE_JOBY_Take_This_Stock_Straight_to_the_Top http://flightaware.com/squawks/view/1/24_hours/new/93433/The_female_aviator_helping_women_get_their_wings Wed, 02 Aug 2023 12:38:03 GMT Of almost 30,000 pilots in the UK, fewer than 5% are women, but one aviator has set up a support network in a bid to help others get their wings. When Katherine Moloney began flying, she did not know any other female pilots. Keen to connect with likeminded women, she organised a lunch at Brighton City Airport. Forty people from across the industry showed up and Elevate Her Aviation was born. "We had the most amazing day," she said. "It was quite emotional. When I came away, I knew I wanted to take this forward in a more meaningful way." http://flightaware.com/squawks/view/1/24_hours/new/93433/The_female_aviator_helping_women_get_their_wings http://flightaware.com/squawks/view/1/24_hours/new/93432/Biometrics_are_the_new_face_of_airport_security Wed, 02 Aug 2023 12:35:36 GMT The company CLEAR claims to provide a biometric solution for airport security. Available at over 50 airports, CLEAR lanes provide identity verification for the Transportation Security Administration (TSA). The service does not replace physical security screening; the primary benefit of enrolling in CLEAR is that you get to leapfrog to the front of the airport security screening line. Physical screening, in either the PreCheck or standard screening lanes, must still be conducted. The privilege of such line jumping costs as much as $189 annually. CLEAR verifies that a person is who they claim to be using that person’s fingerprints or iris scans. To obtain such a level of identity authentication requires that the identity of the person be verified with certainty during their registration process. There is no room for error — if the biometrics are attached to a person who is not who they claim to be, airport security can be compromised. http://flightaware.com/squawks/view/1/24_hours/new/93432/Biometrics_are_the_new_face_of_airport_security http://flightaware.com/squawks/view/1/24_hours/new/93431/Typhoon_Khanun_knocks_out_power_grounds_flights_in_Japan_s_Okinawa Wed, 02 Aug 2023 12:34:11 GMT Powerful winds and lashing rain from an approaching typhoon have killed at least one person and knocked out power to hundreds of thousands of people in southern Japan. The slow-moving Typhoon Khanun, which was nearing Japan’s southwestern islands on Wednesday, also forced the cancellation of hundreds of flights to the popular tourist destination of Okinawa and other islands, stranding thousands of tourists. http://flightaware.com/squawks/view/1/24_hours/new/93431/Typhoon_Khanun_knocks_out_power_grounds_flights_in_Japan_s_Okinawa http://flightaware.com/squawks/view/1/24_hours/new/93430/Cairns_Airport_Gets_A_Special_Visit_From_Matt_Hall Wed, 02 Aug 2023 08:25:07 GMT After much anticipation and with some wonderful support from the Cairns aviation community, reigning Red Bull Air Race World Champion Matt Hall, and his highly-skilled protégé Emma McDonald are coming back to Cairns! 🚀 The team will be in town to support the Cairns Airport Careers Day on Sunday 27 August ✈ Come down for a meet and greet with both Matt & Emma between 9am - 12pm, check out the aircraft up-close and listen to an inspiring careers talk from the team. 🚀 Yes, there will also be an aerobatic display! Emma McDonald will be putting on a show over Cairns Esplanade on Saturday 26 August, sometime between 4.30pm and 5.30pm. Perfect to stay on for the Cairns Festival Grand Parade kicking off at 5.30pm. http://flightaware.com/squawks/view/1/24_hours/new/93430/Cairns_Airport_Gets_A_Special_Visit_From_Matt_Hall