The AAM Stock Composite dropped by 7% during the week ending Jan. 19, extending a losing streak that has seen the index shed nearly 19% since the year's start.
The AAM Stock Composite ticked up 3% during the week ending Nov. 24, as strong gains from EHang canceled out a lackluster performance from other air taxi OEMs.
Chinese startup AutoFlight has flown a prototype of a firefighting version of its CarryAll electric vertical-takeoff-and-landing uncrewed cargo aircraft.
The AAM Stock Composite declined by more than 10% last week, its second straight double-digit weekly loss, falling to its lowest level since early January.