Blade Air Mobility, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 07:40 am EST
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Blade Air Mobility, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 71.44 million compared to USD 45.72 million a year ago. Net income was USD 0.289 million compared to net loss of USD 9.25 million a year ago.
For the nine months, sales was USD 177.7 million compared to USD 107.99 million a year ago. Net loss was USD 22.14 million compared to USD 11.85 million a year ago. Basic loss per share from continuing operations was USD 0.3 compared to USD 0.17 a year ago. Diluted loss per share from continuing operations was USD 0.3 compared to USD 0.17 a year ago.
Blade Air Mobility, Inc. provides air transportation and logistics for hospitals across the United States. The Company transports human organs for transplant, and for passengers, with helicopter and fixed wing services primarily in the Northeast United States, Southern Europe and Western Canada. The Company's segments include Passenger and Medical. Its Passenger segment includes Short Distance and Jet and Other. Short Distance business consists primarily of helicopter and amphibious seaplane flights in the United States, Canada and Europe. Jet and Other business consist principally of non-medical jet charter and by-the-seat jet flights between New York and South Florida. Its Medical segment includes MediMobility Organ Transport, which consists primarily of transportation of human organs for transplant and/or the medical teams supporting these services. It also offers additional services including donor logistics coordination and support for evaluating potential donor organs.
BLADE AIR MOBILITY, INC. 
