NEW YORK, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Blade Air Mobility, Inc. (Nasdaq: BLDE, "BLADE"), a global Urban Air Mobility company that runs scheduled flights year-round between Nice and Monaco every 30 minutes, announces its interline partnership with leading global airline, Qatar Airways. This partnership enables Qatar Airways passengers to travel to or from Monaco on a single ticket, seamlessly connecting from their commercial airline to a BLADE helicopter that will fly them into the heart of Monaco. Upo ...

Nisian Hughes/DigitalVision via Getty Images Blade Air Mobility, Inc. (NASDAQ:BLDE) reported solid results in Q2, achieving its first positive adjusted EBITDA quarter as a public company. Medical revenue continues to grow and jet revenue bounced back in the second quarter. Overall growth is sluggish, though, as Blade has been pulling back from activities with questionable economics, creating a growth headwind. I previously suggested that while Blade's valuation was low, it was on a collision course with Tra ...

The flying car industry is evolving at a rapid rate due to the integration of various technologies and funding by corporations. By 2025, the sector is expected to grow tremendously with electric vertical take-off and landing (eVTOL) vehicles as the new generation of transport. These innovations aim to change the way people move around in cities, how disasters are managed, and even how healthcare is delivered to people in remote regions of the globe. As a result of some fears and anxieties in the market, the ...

Blade Air Mobility, Inc. (NASDAQ:BLDE) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Matthew Schneider - Vice President, Investor Relations and Strategic Finance Robert Wiesenthal - Chief Executive Officer William Heyburn - Chief Financial Officer Conference Call Participants Jason Helfstein - Oppenheimer Edison Yu - Deutsche Bank Bill Peterson - JPMorgan Jon Hickman - Ladenburg Thalmann Operator Good afternoon, ladies and gentlemen, and welcome to the Blade Air Mobility Fi ...

Blade Air Mobility, Inc. (BLDE) came out with a quarterly loss of $0.06 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.11 per share a year ago. These figures are adjusted for nonrecurring items. A quarter ago, it was expected that this company would post a loss of $0.13 per share when it actually produced a loss of $0.06, delivering a surprise of 53.85%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Blade Air Mobility, which belon ...

Table of Contents bl f C UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission File Number 001-39046 BLADE AIR MOBILITY, INC. | --- | --- | --- | --- | --- | |-------------------------------------- ...

Exhibit 99.1 August 7, 2024 Blade Air Mobility Announces Second Quarter 2024 Results • Highest quarterly Medical revenue since inception of $38.3 million in Q2 2024, a 6.4% sequential increase versus Q1 2024 • Highest quarterly Medical Segment Adjusted EBITDA since inception of $5.5 million in Q2 2024, up 82.7% versus the prior year period • First Q2 with positive Passenger Segment Adjusted EBITDA as a public company, improved by $2.9 million versus the prior year period | --- | --- | --- | --- | --- | --- ...

Net loss improved by $0.9 million versus the prior year to $(11.3) million in Q2 2024 First Q2 with positive Adjusted EBITDA as a public company Adjusted EBITDA improved by $5.4 million versus the prior year to $1.0 million in Q2 2024 Highest quarterly Medical revenue since inception of $38.3 million in Q2 2024, a 6.4% sequential increase versus Q1 2024 Highest quarterly Medical Segment Adjusted EBITDA since inception of $5.5 million in Q2 2024, up 82.7% versus the prior year period First Q2 with positive P ...

Starting today, any shareholder will be able to submit and upvote questions to management of the Company. To submit questions ahead of the conference call, please visit the Say platform here. Shareholders using brokers that are integrated with Say can also participate directly through their investing app or broker's website. About Blade Air Mobility Forward-Looking Statements technology providers; interruptions or security breaches of our information technology systems; our placements within mobile applicat ...

To join the live call, please register here. Upon registration, a dial-in and unique PIN will be provided to join the call. An audio-only webcast of the call may be accessed from the Investors section of the Company's website at https://ir.blade.com/ or by registering at the link here. A replay of the webcast will be available for one year. 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 tran ...