Blade Air Mobility

Blade Air Mobility, Inc. is a technology-powered global air mobility platform. It provides consumers with an alternative to ground transportation for congested routes, predominantly within the Northeastern United States, through its helicopter, amphibious seaplane, and fixed-wing transportation services. Its asset-light model, coupled with its passenger terminal infrastructure is designed to facilitate a transition to Electric Vertical Aircraft, which enables air mobility to the public. The firm operates in the following lines of business: Short Distance, MediMobility Organ Transport & Jet, and Other. The company was founded by Robert S. Wiesenthal and Steven Martocci on December 22, 2014 and is headquartered in New York, NY.

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Blade Air Mobility achieves record revenue, eyes strategic growth

Blade Air Mobility delivered strong financial performance in Q4 2022, with record revenue and profit growth.
The company's focus on sustainable air transportation technology and strategic growth positions it well for the future.
Challenges include managing seasonality effects and effectively expanding into new service areas.
Opportunities lie in strategic acquisitions and market expansion to drive continued growth and profitability.

Blade Air Mobility reports robust Q1 growth and strategic focus

Blade Air Mobility's Q1 showed strong revenue and flight profit growth.
The company is well-capitalized and focused on disciplined capital allocation.
Challenges include performance in Europe and declining revenue in Jet segment.
Opportunities lie in marketing efforts, acquisitions, and MediMobility growth.

Blade Air Mobility reports record Q2 results, eyes global expansion

Blade Air Mobility's strong Q2 performance was driven by revenue growth, operational improvements, and strategic focus on profitable segments. Challenges include slower Europe integration and supply chain delays, but opportunities lie in expanding globally, optimizing operations, and targeting profitability.

Blade Air Mobility excels in Q3, eyes growth through innovation

Blade Air Mobility delivered robust financial performance in Q3 2023, with revenue growth, positive cash flow, and EBITDA, underpinning stability.
The company's strengths lie in its strong financial position, customer-centric approach, and focus on innovation in services and market positioning.
Challenges include operational complexities in Europe, cost management amidst expansion, and the transition to EVA technology.
Opportunities for Blade include strategic expansion in medical and cargo markets, enhancing flight margins, and leveraging EVA for growth.

Blade Air Mobility excels in Q4 2023, eyes growth with electric aircraft

Blade Air Mobility's strong Q4 2023 performance showcased robust revenue growth and improved flight profitability, driven by strategic acquisitions and operational enhancements. While challenges exist in managing electric aircraft costs, Blade is well-positioned to capitalize on opportunities in the evolving air transportation market, particularly with its focus on electric vertical aircraft.

Blade Air Mobility reports record Q1 performance and eyes future growth opportunities

Blade Air Mobility's Q1 2024 showcased strong financial performance and strategic positioning. Despite challenges in the Passenger business and industry transitions, the company remains focused on efficiency and growth. With a solid financial foundation and clear guidance, Blade is poised for continued success.

Blade Air Mobility excels in Q2 2024, eyes growth opportunities

Blade Air Mobility's Q2 2024 performance showcased robust revenue growth, improved profitability, and strategic capital allocation.
The company's focus on high-return investments and operational efficiency positions it well for future growth and profitability.
Despite challenges in restructuring and market exits, Blade's strong financial performance and strategic initiatives offer promising opportunities for sustained success.

Blade Air Mobility excels in Q3, poised for sustainable growth

Blade Air Mobility delivered exceptional financial results, surpassing expectations and demonstrating strong growth across segments.
The company's focus on cost efficiencies, EVA transition progress, and strategic alliances position it well for future opportunities and market leadership.
Despite challenges such as softer organ transplant volumes, Blade's resilience, adaptability, and strong performance indicate a promising outlook.
With solid financial health, operational efficiency, and strategic initiatives, Blade is poised for continued growth and success in the evolving aviation industry.

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Blade Air Mobility, Inc. engages in providing air transportation alternatives through a technology-powered and global air mobility platform. It operates through the Passenger and Medical segments. The Passenger segment includes short distance helicopter and amphibious seaplane flights and non-medical jet charter. The Medical segment is involved in the transportation of human organs for transplant. The company was founded by Robert S. Wiesenthal and Steven Martocci on December 22, 2014 and is headquartered in New York, NY.

The acquisition will allow Blade Air Mobility to revitalize the transportation of organs. BLDE stock has been quick to soar.

BLDE Stock: Why Blade Air Mobility Is Really Taking Off on Thursday

Blade Air Mobility Inc. (NASDAQ:BLDE) was initiated at JPMorgan by analyst Bill Peterson with an Overweight rating and a price target of $16, implying an upside of 57.95%. Peterson states that Blade is a "first mover" in urban air mobility and has "strong" growth momentum to accelerate rising brand awareness and increased use of on-demand and scheduled flight services.

Blade Air Mobility Initiated With Overweight Rating At JPMorgan

Blade Air Mobility Inc. (NASDAQ:BLDE) has entered into a definitive agreement to acquire Trinity Air Medical, Inc., a multi-modal organ logistics and transportation company, for an upfront purchase price of ~$23 million. Blade Air Mobility to pay potential additional contingent consideration based on Trinity's achievement of specific EBITDA growth targets over three years.

Blade Air Mobility To Acquire Trinity Air Medical For ~$23M

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JPMorgan Sees Big Gains for Alt Mobility Stocks Hyzon, Blade, Westport

The company is making a move to expand its medical business.

Why Blade Air Mobility Stock Gained Altitude Today

NEW YORK & PHOENIX--(BUSINESS WIRE)--Blade Air Mobility, Inc. (Nasdaq:BLDE, “Blade” or the “Company”), a technology-powered global air mobility platform, today announced that it has entered into a definitive agreement to acquire Trinity Air Medical, Inc. (“Trinity”), a nationwide, multi-modal organ logistics and transportation company. The transaction is expected to close during the week of September 13, 2021, subject to customary closing conditions. “Trinity's long-term relationships with orga

Blade Air Mobility Announces Definitive Agreement to Acquire Trinity Air Medical, Creating a Nationwide, Multi-Modal Organ Transport Platform

NEW YORK--(BUSINESS WIRE)--Blade Air Mobility, Inc. (Nasdaq:BLDE), a technology-powered global air mobility platform, today announced that CEO, Rob Wiesenthal, will attend the Deutsche Bank Virtual Technology Conference on Thursday, September 9th. The Company's fireside chat presentation will be hosted at 4:30 PM ET. A webcast of the event will be available here. About Blade Urban Air Mobility Blade is a technology-powered, global air mobility platform committed to reducing travel friction by p

Blade Air Mobility to Participate in Deutsche Bank's Virtual Technology Conference

Deutsche Bank initiated coverage on Blade Air Mobility Inc (NASDAQ: BLDE) with a Buy rating and a price target of $15, implying an upside of 71.4%. In total, three analyst firms have reported ratings for Blade Air Mobility.

Analysts See 60% To 82% Upside In Blade Air Mobility's Stock

Credit Suisse analyst Stephen Ju believes Blade Air Mobility can cut down on gridlock. He launched coverage Thursday with a Buy rating and $14 price target.

Helicopter Taxis Are the Next Big Thing. Why One Analyst Loves Blade Stock.

Blade Air Mobility (BLDE) CEO Rob Wiesenthal on Q3 2021 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Blade Air Mobility, Inc. (Nasdaq:BLDE, “Blade” or the “Company”), a technology-powered air mobility platform, today announced financial results for the fiscal third quarter ended June 30, 2021. “Blade's strong growth versus both 2020 and the pre-covid 2019 period shows the growing importance of affordable urban air mobility travel in the world's largest cities as well as the resilience of our multi-faceted, asset-light business model,” said Rob Wiesenthal, Blade's Chi

Blade Air Mobility Reports Fiscal Third Quarter Ended June 30, 2021 Financial Results and Provides Corporate Update

NEW YORK--(BUSINESS WIRE)--Blade Air Mobility, Inc. (“Blade”, NASDAQ:BLDE) will release financial results for the fiscal third quarter ended June 30, 2021, on Monday, August 16, 2021, before the market opens. The Company will hold a conference call the same day at 8:30 am Eastern Time to discuss the results. The call will be hosted by Blade CEO Rob Wiesenthal and CFO Will Heyburn and will include a question-and-answer session for call participants. Participants may access the call at 1-877-300-

Blade Air Mobility Announces Date for Fiscal Third Quarter Ending June 30, 2021 Earnings Release Conference Call

Embraer

NEW YORK & MIAMI--(BUSINESS WIRE)--Blade Air Mobility, Inc. (“Blade”, NASDAQ: BLDE) and Eve Urban Air Mobility Solutions, Inc. (“Eve”), a subsidiary of Embraer S.A. (“Embraer,” NYSE: ERJ), announced an arrangement for Eve to provide Blade up to 60,000 hours of flight time per year on its EVA beginning in 2026 for use in Southern Florida and West Coast markets, subject to certain considerations. Backed by Embraer's more than 50-year history of aircraft manufacturing and certification expertise,

Embraer's Eve to Deploy Electric Vertical Aircraft for Blade in Key Southern Florida and West Coast Markets

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With the trading day about halfway over, the markets were sliding, with the tech sector getting the worst of it.

APA, Bloom Energy, NetApp and More Thursday Afternoon Analyst Calls

The stock price of Blade Air Mobility, Inc. (NASDAQ:BLDE) increased by over 15% during intraday trading. This is why it happened.

Blade Air Mobility (BLDE) Stock: Over 15% Increase Explanation

NEW YORK--(BUSINESS WIRE)--Blade Air Mobility, Inc. (NASDAQ:BLDE, “Blade” or the “Company”), a technology-powered air mobility platform, today announced financial results for Blade Urban Air Mobility, Inc., its wholly-owned subsidiary, for the fiscal second quarter ended March 31, 2021. On May 7, 2021, we completed our business combination with Experience Investment Corp. ("EIC"). The historical financial information in this press release relates to Blade Urban Air Mobility, Inc.'s operations p

Blade Air Mobility Reports Fiscal Second Quarter Ending March 31, 2021 Financial Results and Provides Corporate Update

NEW YORK--(BUSINESS WIRE)--Blade Urban Air Mobility, Inc. (“Blade” or the “Company”) will release financial results for the fiscal second quarter ended March 31, 2021, on Monday, May 17, 2021, after the market closes. Blade is a wholly owned subsidiary of Blade Air Mobility, Inc. (NASDAQ: BLDE). The Company will hold a conference call the same day at 5:00 pm Eastern Time to discuss the results. The call will be hosted by Blade CEO Rob Wiesenthal and CFO Will Heyburn and will include a question-

Blade Urban Air Mobility Announces Date for Fiscal Second Quarter 2021 Earnings Release Conference Call

NEW YORK--(BUSINESS WIRE)--Blade Air Mobility, Inc. (NASDAQ:BLDE, “Blade”), a technology-powered urban air mobility company, today announced that its common stock will begin trading on the Nasdaq Stock Market under the symbol “BLDE”. Rob Wiesenthal, CEO and Founder of Blade, commented, “Today marks a significant milestone in Blade's evolution. The $365 million raised through our transition to a publicly traded company enables us to accelerate our growth strategy and market expansion initiatives

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