Blade Air Mobility Inc Stock Price, News & Analysis

Blade Air Mobility (BLDE) announced an acquisition of Helijet International, enhancing its scheduled air mobility services. Helijet generated approximately US$15 million in 2019, flying about 100,000 passengers. The deal grants Blade exclusive rights to Helijet’s operations in Canada and the U.S. Pacific Northwest, utilizing existing infrastructure. The US$12 million acquisition aims to integrate Electric Vertical Aircraft (EVA) technology, expanding Blade’s market presence and infrastructure for efficient, sustainable air transport.

Blade Air Mobility, Inc. (NASDAQ: BLDE) announced CEO Rob Wiesenthal's presentation at the Credit Suisse 25th Annual Technology Conference on Wednesday, December 1, at 1:40 pm ET. A webcast will be available HERE, with a replay accessible until March 1, 2022, on the investor relations site. Blade focuses on reducing travel friction through cost-effective air transportation, utilizing helicopters, amphibious aircraft, and transitioning to Electric Vertical Aircraft (eVTOL).

Blade Air Mobility has enhanced its services by launching a helicopter route connecting Manhattan to Newark Airport, available six days a week at $195 per seat, or $95 for Blade passholders. A dedicated terminal space at Newark is in development, improving the travel experience and accommodating planned Electric Vertical Aircraft services. Blade's JFK route also continues to operate six days a week as passenger volumes surpass pre-COVID levels, driven by increased demand and the reopening of international travel.

Blade Air Mobility, Inc. (NASDAQ: BLDE) will announce its fiscal fourth quarter and full year financial results for the period ending September 30, 2021, on December 20, 2021, before market opening. The company plans to host a conference call at 8:00 am Eastern Time that same day, led by CEO Rob Wiesenthal and CFO Will Heyburn, where they will discuss the financial results and engage in a Q&A session. Access to the call and a webcast will be available on Blade's Investor Relations website.

Blade Air Mobility (NASDAQ: BLDE) has appointed Reggie Love to its Board of Directors, replacing David Zaslav, who is stepping down. Love, a Senior Advisor at Apollo Global Management, brings extensive leadership experience. The change comes after Blade's successful public listing, marking a pivotal moment for the company. Zaslav acknowledged the decision as timely, having played a significant role since the company’s inception. Blade aims to revolutionize air transportation with its innovative, eco-friendly solutions.

Blade Air Mobility, Inc. (NASDAQ: BLDE) has completed the acquisition of Trinity Air Medical, a multi-modal organ logistics company. This transaction, valued at approximately $23 million, includes 100% of Trinity's stock, which generated around $16 million in revenue in 2020. Additionally, there is potential contingent consideration based on Trinity achieving specific EBITDA growth targets over three years. The acquisition aims to enhance Blade's position in air mobility by integrating organ transportation capabilities.

Blade Air Mobility (Nasdaq: BLDE) has announced its acquisition of Trinity Air Medical, a company specializing in organ logistics and transportation. The deal, valued at approximately $23 million, is expected to enhance Blade's MediMobility business, which is already growing at over 60% annually. Trinity is profitable, with revenues of about $16 million in 2020. This acquisition will position Blade as the largest dedicated organ air transport provider in the U.S., leveraging Trinity's relationships with transplant centers and the potential for drone and eVTOL transport.

Blade Air Mobility, Inc. (Nasdaq:BLDE) announced that CEO Rob Wiesenthal will participate in the Deutsche Bank Virtual Technology Conference on Thursday, September 9th, at 4:30 PM ET. A webcast will be available here.

Blade aims to revolutionize air travel with its technology-driven platform, primarily using helicopters and amphibious aircraft, and plans to transition to Electric Vertical Aircraft, offering emission-free options for congested routes.

Blade Air Mobility reported a strong financial performance for the fiscal third quarter ended June 30, 2021, with total revenues up 277% to $13.0 million, compared to $3.4 million in the prior year. Short Distance revenues surged 810% to $5.7 million, while MediMobility revenues rose 147% to $6.5 million. However, the net loss increased to $(24.3) million from $(1.3) million year-over-year, driven by warrant liabilities and public listing costs. Adjusted EBITDA was $(2.6) million, reflecting new public company expenses.