NEW YORK, May 28, 2024 (GLOBE NEWSWIRE) -- Blade Air Mobility, Inc. (Nasdaq: BLDE, "Blade" or the "Company"), a technology-powered air mobility platform, today announced that Rob Wiesenthal, Chief Executive Officer, will present at the 2024 Jefferies eVTOL / AAM Summit on Thursday, May 30, 2024 at 1:15pm ET. A webcast of the event will be available at the link here. A replay will be available shortly after the conclusion of the presentation on the investor relations section of the Company's website at https ...

For more information, visit www.blade.com. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts and may be identified by the use of words such as "will", "anticipate," "believe," "could," "continue," "expect," "estimate," "may," "plan," "outlook," "future" and "project" and other similar expr ...

Company Overview - Blade Air Mobility, Inc. is a global Urban Air Mobility company that provides air transportation and logistics, particularly for hospitals and passengers, primarily in the Northeast United States, Southern Europe, and Western Canada [4] - The company operates an asset-light model with exclusive passenger terminal infrastructure and proprietary technologies, facilitating a seamless transition to Electric Vertical Aircraft (EVA) for lower-cost, quiet, and emission-free air mobility [4] Partnership Announcement - Blade has partnered with Ocean Casino Resort to offer helicopter flights for Ocean's guests between Manhattan and Atlantic City, starting May 25, 2024, and running through Labor Day Weekend [1][2] - The flights will cost $695 each way and will provide a 40-minute travel experience, with dedicated concierge service and complimentary suite upgrades for passengers [2] Market Demand and Strategy - There has been a significant increase in charter requests from Manhattan to Atlantic City, prompting Blade to make these flights accessible to a broader audience during the summer [2] - The partnership is seen as a natural extension of Blade's existing leisure and airport routes in the Northeast [2] Customer Experience - Passengers will receive a complimentary bottle of Moët Imperial champagne as part of the service launch [3] - Ocean Casino Resort offers extensive amenities, including 1,860 guest rooms, 135,000 square feet of gaming entertainment, and various dining options, enhancing the overall customer experience [6]

The partnership is facilitated by GO7, a global leader in airline booking technologies. A hallmark of Blade's customer service and hospitality in New York City is its network of highly designed private lounges that evoke the Golden Age of Aviation, from the one-to-one personal service and amenities to the inspired art on the walls. In 2023, Blade opened their first European lounge at the Monaco heliport, and in early June, passengers at Nice International Airport can enjoy and unwind in one of their two new ...

NEW YORK, May 14, 2024 (GLOBE NEWSWIRE) -- Blade Air Mobility, Inc. (Nasdaq: BLDE, "Blade" or the "Company"), a technology-powered air mobility platform, today announced that Management will participate in the following investor conferences: About Blade Air Mobility Blade Air Mobility provides air transportation and logistics for hospitals across the United States, where it is one of the largest transporters of human organs for transplant, and for passengers, with helicopter and fixed wing services primaril ...

Blade Air Mobility, Inc. (NASDAQ:BLDE) Q1 2024 Earnings Conference Call May 7, 2024 8:00 AM ET Company Participants Matt Schneider - Vice President, Investor Relations and Strategic Finance Rob Wiesenthal - Founder and Chief Executive Officer Will Heyburn - Chief Financial Officer Conference Call Participants Jason Helfstein - Oppenheimer Edison Yu - Deutsche Bank Jon Hickman - Ladenburg Thalmann Bill Peterson - JPMorgan Operator Good morning, ladies and gentlemen and welcome to the Blade Air Mobility Fisca ...

er in 8 Table of Contents 9 BLADE AIR MOBILITY, INC. Notes to Unaudited Interim Condensed Consolidated Financial Statements (amounts in thousands, except share, per share data and exchange rates) One vendor accounted for 14% of the Company's purchases from operating vendors for the three months ended March 31, 2024. One vendor accounted for 12% of the Company's purchases from operating vendors for the three months ended March 31, 2023. One vendor accounted for 18% of the Company's outstanding accounts payab ...

| --- | --- | --- | --- | --- | |----------------------------------------|-------|--------------------------------------------------|-------|-----------------| | Net cash used in operating activities | $ | Three Months Ended March 31, \n2024 \n(15,551) | $ | 2023 \n(16,855) | | Capitalized software development costs | | (311) | | — | | Purchase of property and equipment | | (816) | | (646) | | Free Cash Flow | $ | (16,678) | $ | (17,501) | LAST TWELVE MONTHS DISAGGREGATED REVENUE BY PRODUCT LINE (in thousan ...

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