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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 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
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.
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