Blade Air Mobility Inc - BLDE STOCK NEWS

BLADE India has signed a purchase order for up to 200 eVTOL aircraft from Eve Air Mobility, with an initial commitment of 50,000 flight hours annually. This partnership aims to address India's urban mobility challenges through a pilot project launching helicopter flights in a major city. BLADE India will use insights from its operations to enhance Eve's eVTOL technology and Urban Air Traffic Management systems. The collaboration is expected to promote zero-emission air transport solutions in India, making air travel more accessible amidst significant traffic congestion.

Blade Air Mobility, Inc. (NASDAQ: BLDE) announced participation in the Citi 2022 Global Technology Conference on September 7, 2022, at 4:45 PM ET. The management team will present insights on Blade's technology-driven air mobility platform, which offers efficient air transportation alternatives and is a leading air medical transporter. The event can be accessed via a webcast, with a replay available on the company’s investor relations website. Blade focuses on reducing travel friction using helicopters and amphibious aircraft and aims for a seamless transition to Electric Vertical Aircraft.

Blade Air Mobility, Inc. (BLDE) reported impressive financial results for Q2 2022, with revenue up 175% year-over-year to $35.6 million, and 180% growth for the first half of the year. The MediMobility Organ Transport segment soared 1,013% annually, buoyed by the acquisition of Trinity Air Medical. Q2 flight margin improved to 14.3% from 11.0% in Q1 2022. Net income shifted to $8.4 million compared to a loss of $24.3 million a year prior, attributed to increased revenue and changes in warrant liabilities. The company is set to finalize three European acquisitions, enhancing its market position.

Blade Air Mobility, Inc. (NASDAQ: BLDE) will participate in two upcoming investor conferences. The first is the Oppenheimer Technology, Internet & Communications Conference on August 9, 2022 at 2:55 pm ET, with a webcast available HERE. The second is the Jefferies Industrial Conference on August 10, 2022 at 1:30 pm ET, with a webcast available HERE.

Replays will be on the company’s investor relations page.

Blade Air Mobility, Inc. (NASDAQ: BLDE) is set to release its financial results for the fiscal second quarter ending June 30, 2022, on August 9, 2022, before the market opens. The results will be discussed in a conference call at 8:00 AM ET, hosted by CEO Rob Wiesenthal and CFO Will Heyburn. Participants can join via telephonic access or through a webcast available on the Investor Relations section of the company’s website. Additionally, a replay will be accessible until August 23, 2022.

Blade Air Mobility has partnered with JetBlue to integrate its Blade Airport service into JetBlue's TrueBlue loyalty program through 2023. This partnership allows JetBlue's Mosaic+ members to access complimentary helicopter transfers to and from JetBlue flights. Additionally, JetBlue's loyalty members will benefit from discounted Blade flights. Blade is expanding routes, including new daily service from BLADE Lounge East in Manhattan to JFK, enhancing travel efficiency for passengers.

Blade Air Mobility, Inc. (NASDAQ: BLDE) announced that CEO Rob Wiesenthal will present at the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference on Wednesday, May 25, 2022, at 3:10 pm ET. A live webcast will be accessible HERE. Blade focuses on reducing travel congestion by offering cost-effective air transportation solutions, primarily using helicopters and amphibious aircraft.

Blade Air Mobility has signed a definitive agreement to acquire the asset-light commercial passenger transport activities of three European operators, including Monacair and Héli Sécurité, for €48 million (US$50 million). The Air Carriers generated €30 million in revenues in 2019. This acquisition is expected to boost Blade's cash flow, enhance profitability, and expand its operations in Europe, particularly around the upcoming Monaco Grand Prix. Blade aims to develop branded terminals and pursue Electric Vertical Aircraft integration, solidifying its position as a leader in urban air mobility.

Blade Air Mobility, Inc. (NASDAQ: BLDE) announced that CFO Will Heyburn will present at the Bank of America Securities 2022 Transportation, Airlines and Industrials Conference on May 17, 2022, at 11:20 am ET. The webcast will be available HERE. Blade's platform aims to provide cost-effective air transportation, primarily using helicopters and amphibious aircraft, while transitioning to electric vertical aircraft.