Advanced Air Mobility Modern Flying News

Blade Air Mobility Sees Growth in Medical, Stagnation in Passenger Services

Firm is continuing to progress toward profitability and eVTOL flights.

Tuesday, May 16, 2023 at 01:31 PM ET

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Adorned with the Blade logo, Beta’s ALIA-250 eVTOL soars over Westchester County Airport. [Photo: Blade Air Mobility]

Key Takeaways:

Blade Air Mobility reported strong Q1 2023 financial results, with total revenue up 70% year-over-year, primarily driven by its highly profitable MediMobility Organ Transplant services which saw a 111% revenue increase.
While the passenger segment experienced some losses, mainly from Blade Europe, key services like short-distance trips and the Blade Airport shuttle showed promising growth, serving as crucial strategies for customer acquisition.
Blade is actively preparing for future urban air mobility with eVTOL aircraft testing but maintains a strong focus on immediate profitability, leveraging its significant liquidity for strategic acquisitions, and anticipating regulatory support.

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This past Valentine’s Day, love wasn’t the only thing in the air.

Soaring over Westchester County Airport (KHPN) in White Plains, New York, was Beta Technologies’ ALIA-250 eVTOL aircraft, part of a flight test between Beta and partner Blade Air Mobility (NASDAQ: BLDE) as the latter looks to transition to an air taxi service.

Jack is a staff writer covering advanced air mobility, including everything from drones to unmanned aircraft systems to space travel—and a whole lot more. He spent close to two years reporting on drone delivery for FreightWaves, covering the biggest news and developments in the space and connecting with industry executives and experts. Jack is also a basketball aficionado, a frequent traveler and a lover of all things logistics.