Blade Air Mobility Inc Stock Price, News & Analysis

Blade Air Mobility (Nasdaq:BLDE) reported a remarkable 208% increase in Q4 2021 revenues to $24.6 million, and a 156% annual growth reaching $67.2 million, exceeding expectations. The total number of passengers surged by 215% year-over-year. Notably, MediMobility's revenues rose 227%, backed by new hospital clients. Flight margin improved to 16% from -11% pre-COVID, although net income was $0.8 million, recovering from losses in 2020 and 2019. The ongoing COVID impact remains limited, with positive revenue trends expected in early 2022.

Blade Air Mobility (NASDAQ: BLDE) has announced a partnership with the Los Angeles Rams to provide helicopter services for guests during a key week of events. Services include helicopter charters from several Los Angeles area airports to the Rams’ hospitality location, featuring a new passenger lounge. Blade aims to demonstrate its operational capabilities amidst significant traffic congestion at major venues. This initiative highlights Blade's focus on enhancing urban mobility and reducing ground congestion through aerial solutions.

Blade Air Mobility, Inc. (NASDAQ: BLDE) is set to release its financial results for the three months and calendar year ending December 31, 2021, on February 10, 2022, after market hours. A conference call hosted by CEO Rob Wiesenthal and CFO Will Heyburn will follow at 4:30 PM ET. This will mark the first reporting period after the company shifted its fiscal year-end from September 30 to December 31. The transition period's results will be filed as a 10-QT report.

Blade Air Mobility, Inc. (NASDAQ: BLDE) announced its CEO, Rob Wiesenthal, will present at the 24th Annual Needham Growth Conference on Thursday, January 13, at 10:45 am ET. A live webcast will be available HERE, with a replay accessible until April 13, 2022, on the company’s investor relations website.

Blade focuses on providing cost-effective air transport alternatives and is positioned for a transition to Electric Vertical Aircraft, enhancing environmental sustainability.

Blade Air Mobility reported fiscal fourth quarter revenues increased 144% to $20.3 million compared to 2020, and 28% higher versus 2019. Full-year revenues reached $50.5 million, marking a 116% increase from 2020. Blade maintains $305 million in cash for acquisition strategies, enhancing its standing as the largest Urban Air Mobility entity in North America. The company has seen a resurgence in Short Distance business, nearing pre-covid revenue levels. However, net loss for the quarter rose to $9.2 million.

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.