Blade Air Mobility Delivers Q3 Earnings Beat And Strong Margins As Restructuring Takes Flight [Yahoo! Finance]
Blade Air Mobility, Inc. - Class A (BLDE)
Company Research
Source: Yahoo! Finance
The revenue growth was driven primarily by growth in Medical and Short Distance, partially offset by Jet and Other revenue. Short Distance revenue rose 6.5% to $32.4 million, led by Northeast Leisure, Other Short Distance and New York Airport. Flight profit rose 27.3% to $19.8 million, with the margin improving by 469 basis points to 26.5% in the quarter. This was driven by a strong summer season in the Northeast, better profitability at New York Airport, and the positive impact of restructuring actions in Europe and Canada within the Passenger segment. Loss per share of $0.03 beat the loss estimate of $0.04 . Adjusted EBITDA improved to $4.2 million vs. $0.8 million a year ago. The passenger segment's adjusted EBITDA stood at $5.6 million vs. $2.8 million a year ago. On the other hand, the Medical segment's adjusted EBITDA rose to $3.9 million from $3.3 million a year ago. Operating cash flow stood at $6.4 million and free cash flow, before aircraft acquisitions, came in at $3
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News
- Blade Air Mobility to Present at the 2024 UBS Global Technology and AI ConferenceGlobeNewswire
- Blade Air Mobility Third Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Blade Air Mobility Inc (BLDE) Q3 2024 Earnings Call Highlights: Strong Financial Performance ... [Yahoo! Finance]Yahoo! Finance
- Blade Air Mobility Announces Third Quarter 2024 ResultsGlobeNewswire
- Blade Air Mobility Inc (BLDE) Q3 2024 Earnings Report Preview: What To Expect [Yahoo! Finance]Yahoo! Finance
BLDE
Earnings
- 11/12/24 - Beat
BLDE
Analyst Actions
- 10/29/24 - JP Morgan
BLDE
Sec Filings
- 12/23/24 - Form 4
- 12/23/24 - Form 4
- 12/17/24 - Form 4
- BLDE's page on the SEC website