Blade Air Mobility, Inc. - $BLDE STOCK NEWS

Blade Air Mobility (Nasdaq: BLDE) has partnered with Emirates to offer a seamless travel experience between Dubai and Monaco. Passengers can now book a single ticket that connects their Emirates flight to a Blade helicopter from Nice International Airport to Monaco. The service includes ground transfers and access to Blade's private lounges at Nice and Monaco heliports. This partnership, facilitated by GO7, streamlines the travel process, enhancing the passenger experience by reducing travel time and bypassing airport congestion.

Blade Air Mobility (Nasdaq: BLDE) announced its participation in two upcoming investor conferences. The company will take part in the Bank of America Transportation, Airlines, and Industrials Conference on May 16, 2024, where CEO Rob Wiesenthal will join a fireside chat at 8:45 AM ET. Additionally, Blade will participate in the J.P. Morgan 52nd Annual Global Technology, Media, and Communications Conference on May 21, 2024, with CFO Will Heyburn featured in a fireside chat at 5:05 PM ET. Webcasts of both events will be available online.

Blade Air Mobility reported strong financial results for the first quarter ended March 31, 2024. The company achieved record-high Medical revenue of $36.0 million, a 34.6% increase from the prior year. Net loss improved by $6.0 million to $(4.2) million. Adjusted EBITDA also improved significantly. Blade confirmed guidance for Adjusted EBITDA profitability in 2024 and double-digit millions for 2025.

Blade Air Mobility, Inc. announced the opening of a shareholder Q&A platform for its upcoming conference call to discuss the financial results for the fiscal fourth quarter ending March 31, 2024. The call is scheduled for May 7, 2024, at 8:00 am ET. Shareholders can submit and upvote questions to management through the Say platform until May 6, 2024. An audio-only webcast will be available on the Company's website for one year.

Blade Air Mobility, Inc. (BLDE) will announce its financial results for the first quarter of 2024 on May 7, 2024. The conference call will be hosted by CEO Rob Wiesenthal and CFO Will Heyburn, allowing participants to ask questions. The call can be accessed via webcast or dial-in, with a replay available for one year.

Blade Air Mobility, Inc. (BLDE) announces a $20 million share repurchase program due to expected profitability in 2024, debt-free balance sheet, and ample cash reserves.

Blade Air Mobility, Inc. (BLDE) reported a 24.5% increase in revenue to $47.5 million in Q4 2023 and a 54.1% increase in full-year 2023 to $225.2 million. However, the net loss also increased to $(33.9) million in Q4 2023 and $(56.1) million for the full year 2023. Adjusted EBITDA improved by $2.7 million in Q4 2023 but still stood at $(5.2) million for the quarter and $(16.6) million for the full year 2023. Blade introduced guidance for Adjusted EBITDA profitability in 2024 and double-digit millions in 2025. They also announced the pending acquisition of eight jet aircraft to support Medical growth.

Blade Air Mobility, Inc. (Nasdaq: BLDE) announced their participation in upcoming investor conferences, including the J.P. Morgan Industrials Conference and Oppenheimer Healthcare MedTech & Services Conference. Management will engage in presentations and fireside chats, providing insights into the company's financial and operational strategies.

Blade Air Mobility, Inc. (BLDE) opens shareholder Q&A platform for upcoming conference call to discuss fiscal Q4 2023 results. The call is scheduled for March 12, 2024, at 8:00am ET. Shareholders can submit questions through the Say platform or participating brokers. An audio webcast will be accessible on the Company's website with a replay available for one year.