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Blade Air Mobility, Inc. (NASDAQ: BLDE) is a leading technology-driven air mobility platform headquartered in New York City. The company specializes in providing air transportation and logistical solutions primarily for the medical and passenger sectors. Its core business involves the transportation of human organs for transplant and supporting medical teams, predominantly in the Northeast United States. Blade is recognized as one of the largest air transporters of human organs in the country, ensuring critical logistical support for hospitals.
Beyond its medical services, Blade offers helicopter and fixed-wing aviation services to passengers, with operations extending into Southern Europe and Western Canada. This dual-segment operation allows Blade to diversify its revenue streams, although the majority comes from its Medical segment. In addition to medical transport, Blade provides donor logistics coordination and assistance in evaluating potential donor organs, making them a crucial link in the organ transplantation process.
Blade's asset-light business model is underpinned by its exclusive passenger terminals and proprietary technology platforms. This infrastructure is designed to facilitate a seamless transition to Electric Vertical Aircraft (EVA or eVTOL), which promises quieter, emission-free, and lower-cost air mobility options. The company aims to pioneer this transition and integrate EVA technology into its services, enhancing both efficiency and sustainability.
Recent achievements include expanding their operational footprint and bolstering partnerships across various regions. Despite challenges posed by market conditions and external factors like the COVID-19 pandemic, Blade continues to adapt and evolve, positioning itself for future growth.
Stay updated on the latest developments and performance metrics of Blade Air Mobility, Inc. (BLDE) by following our detailed news section. From financial reports to strategic initiatives, we provide comprehensive insights into all facets of the company’s operations.
Blade Air Mobility (Nasdaq: BLDE) has partnered with Ocean Casino Resort to offer helicopter flights between Manhattan and Atlantic City. The service, priced at $695 each way, will be available from Memorial Day weekend through Labor Day, operating every Saturday and Sunday in July and August.
Flights will depart from Blade Lounge West in Manhattan and arrive at Ocean's new rooftop helipad. Passengers will enjoy a 40-minute flight, dedicated concierge service, and a complimentary suite upgrade at Ocean. Additionally, each passenger will receive a bottle of Moët Imperial champagne.
Blade aims to expand its Northeast leisure routes and meet increasing charter demand between Manhattan and Atlantic City.
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.
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