Blade Air Mobility, Inc. Files SEC 10-Q Report

Blade Air Mobility, Inc. has released its third-quarter Form 10-Q report, revealing notable financial and operational advancements. The company reported total revenue of $54.3 million, a 5.4% increase from the previous year, largely fueled by jet charters and an 18.5% boost in passenger segment revenue. Gross profit rose by 38.3% to $8.1 million, while the loss from operations improved to $(7.6) million. The company’s asset-light model and expanded activities in Europe contributed to better cost management and operational efficiencies. Looking ahead, Blade plans to introduce Electric Vertical Aircraft (EVA) to enhance its service offerings and reduce operating costs, emphasizing expansion into urban areas with existing air transport infrastructure.

Blade Air Mobility, Inc. Files SEC 10-Q Report

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