Depends for what reason.
It would appear in your case its likely this:
Which means you have that set for no good reason.
Dont worry, its likely not your fault (the last ISO I saw had it for no good reason too).
It also probably wont hurt anything to have it and ignore those warnings.
But if I were you I would remove consolefont from /etc/mkinitcpio.conf and then regenerate;
sudo mkinitcpio -P
sudo update-grub
(aside… I would also probably add systemd and remove more … see: mkinitcpio - ArchWiki)