Workflow
Air Transport
icon
Search documents
CUPE: Air Canada flight attendants reject Air Canada's wage offer
Businesswire· 2025-09-06 20:23
Core Points - Air Canada flight attendants overwhelmingly rejected the company's wage offer with a 99.1% vote against ratification and a voter turnout of 99.4% [1][2] Wage Offer Details - Air Canada proposed a 12% wage increase for Rouge flight attendants and mainline flight attendants with five years of service or less, and an 8% increase for mainline flight attendants with six years or more. The offer included annual increases of 3%, 2.5%, and 2.75% over the remaining years of a proposed four-year contract [3] Wage Comparison - Despite the proposed increases, flight attendants would still earn below the federal minimum wage of $17.75 per hour, with full-time Rouge flight attendants earning $2,219 per month and mainline flight attendants earning $2,522 per month [2] Government's Role - The federal government was criticized for its involvement in the negotiations, allegedly providing Air Canada with leverage to suppress flight attendants' wages [4] Future Negotiations - The wage issue will move to mediation and potentially arbitration, while the recognition of flight attendants' safety roles and compensation remains unresolved. Some progress was made in obtaining partial pay for ground duties [5]
Joby Deal Gives Blade New Direction, But Stock Lacks Lift
MarketBeat· 2025-08-06 20:27
Core Viewpoint - Blade Air Mobility Inc. has announced the sale of its passenger mobility business to Joby Aviation for up to $125 million, transitioning to a pure-play medical logistics company named Strata Critical Medical, which has led to a significant stock price increase followed by a decline due to mixed earnings results [1][2][3] Financial Performance - Blade reported a mixed earnings report, beating revenue expectations but posting a negative earnings per share of five cents, which was worse than the anticipated negative four cents [2] - The medical division contributed nearly 60% of the company's revenue and 84% of its EBITDA, with an 18% year-over-year revenue growth, contrasting with an 8% year-over-year revenue decline in the passenger division [5] Strategic Outlook - The management is optimistic about future growth, expecting continued organic growth and plans to pursue strategic acquisitions with an anticipated $200 million in cash after the sale of the passenger business [6][7] - The company aims to focus on non-emergency medical transport, organ transfer, and time-critical healthcare logistics, which are considered less volatile compared to urban air travel [8] Market Position - Blade estimates the organ logistics market to be worth about $1 billion, with the company currently controlling approximately 30% of this market [11] - The stock forecast indicates a potential upside of 61.29%, with a 12-month price target of $6.25 based on analyst ratings [11] Risks and Considerations - The sale to Joby will be paid entirely in stock, which introduces potential volatility based on Joby's share price, and the deal is expected to close in the first half of 2026, extending the timeline for stock price fluctuations [9][10] - Investors may experience choppy trading conditions until the passenger business is sold, with cautious optimism expected for the stock [12]
Blade Mobility Stock Soars—Is This SPAC Finally Taking Off?
MarketBeat· 2025-05-15 11:50
Core Viewpoint - Blade Mobility Inc. has seen a significant stock increase of over 18% following the release of its first-quarter earnings, highlighting positive financial performance and growth potential in the air mobility sector [1][3]. Company Overview - Blade Mobility operates in the air transport sector, offering services through a fleet that includes helicopters, private jets, turboprops, and amphibious seaplanes. The business is divided into two main verticals: Medical Services (58% of revenue) and Passenger Services (42% of revenue) [2][3]. Financial Performance - The company reported revenue of $54.3 million, exceeding expectations of $49.3 million, marking a 10% increase. The earnings per share showed a loss of four cents, which was better than the anticipated loss of 11 cents. Notably, Blade achieved its first-ever EBITDA profit of $0.1 million in the passenger segment [3][4]. - Blade reaffirmed its full-year revenue guidance of $245 million to $265 million, indicating a potential 2% year-over-year gain, driven by reduced aircraft maintenance and ongoing cost-saving measures [4]. Market Position and Future Outlook - Blade Mobility went public via a SPAC in 2020 and, despite facing challenges in the past, has shown resilience with a stock recovery from its 52-week low. The recent earnings report has positioned the stock above its 200-day simple moving average, suggesting bullish momentum [5][7]. - The air mobility sector is expanding, with growing interest in eVTOLs. Blade's core business in organ transport provides a significant first-mover advantage, making it less vulnerable to competition from companies like Joby Aviation and Archer Aviation [8]. - Analysts project a 12-month stock price forecast of $6.25, representing an 80.64% upside from the current price of $3.46, with a consensus indicating a bullish sentiment towards the stock [9][10].
2 Penny stocks to buy in May 2025
Finbold· 2025-04-27 13:17
Market Overview - The stock market is showing positive momentum as April closes, driven by hopes of easing trade tensions between China and the U.S. [1] - May presents a fresh opportunity for investors, particularly in penny stocks, as optimism around trade tariff resolutions builds [2][6] Company Analysis: Compass Therapeutics (NASDAQ: CMPX) - Compass Therapeutics has demonstrated strong stock performance in 2025, with a year-to-date increase of over 38%, currently trading at $1.94 [3][5] - The company is advancing its clinical pipeline, particularly with CTX-10726, a PD-1 x VEGF-A bispecific antibody, and plans to submit an IND by the end of 2025 [5][7] - Analysts predict a significant upside for CMPX, with a consensus "Buy" rating and an average price target of $12, indicating a potential increase of 527% over the next year [7] Company Analysis: Blade Air Mobility (NASDAQ: BLDE) - Blade Air Mobility operates a technology-enabled air transport platform, focusing on medical and passenger transportation, with expected double-digit growth in its medical business in 2025 [8] - The company has strengthened its financial position, achieving positive cash flow and maintaining a debt-free balance sheet with $136 million in cash, allowing for fleet growth and potential share buybacks [9] - Despite a recent rally of over 4% to $2.71, BLDE is down over 36% year-to-date, but analysts remain optimistic, forecasting a 117% upside with an average price target of $5.83 [9][11]