Prediction: Archer Aviation Carries Its First Paying U.S. Passenger Before 2028

Archer Aviation, an eVTOL air taxi company, has never collected passenger revenue but is progressing through FAA certification. The analyst predicts the company will carry its first paying U.S. passenger before 2028, supported by Phase 3 FAA completion, White House pilot program participation, and sufficient cash reserves ($1.6B) to reach that milestone. However, widening quarterly losses ($263M in Q2) and the need for additional funding pose risks to the timeline.