Blade Air Mobility rises on smaller Q1 loss, jump in revenue

Strata Critical Medical

11/05/2023 13:34

** Shares of Blade Air Mobility Inc  BLDE.O  gain 11.16% to
$3.20 in premarket trading
    ** BLDE posts Q1 net loss of 14 cents per share vs a loss of
16 cents per share in 2022
    ** Revenue jumps 70% to $45.3 mln in quarter, from a year
ago, citing the company's acquisition of Blade Europe and
improvement in Blade Canada
    ** The company provides air transportation alternatives to
some of the most congested ground routes in the U.S. and abroad
    ** Shares down ~20% YTD

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com))