Blade Air Mobility, self-described as “a technology-powered air mobility platform,” announced its first quarter 2023 financial results today (May 11). The company cited year-over-year revenue increases of 70 percent over Q1 of 2022; short-distance revenue up 148 percent for the quarter; organ-transplant revenue up 111 percent year-over-year (and up 24 percent “sequentially” over Q4 of 2022); and an increase in overall “flight profit” of 145 percent this quarter (over Q1 2022). Blade attributes the latter numbers to growth in medical services, the acquisition of what is now Blade Europe and “improved profitability” with Blade Canada.
This is a companion discussion topic for the original entry at https://www.avweb.com/aviation-news/blade-air-mobility-announces-its-financial-results-for-q1-2023