Blade's Revenues Up as Losses Stabilize | Aviation International News

Blade's Revenues Up as Losses Stabilize

Blade Air Mobility's organ transport business, MediMobility, now equates to nearly half of its revenues.

Blade Air Mobility's organ transport business, MediMobility, now equates to nearly half of its revenues. (Photo: Blade Air Mobility)

By Mark Huber • Contributor

November 10, 2022

A jump in passengers flown triggered continuing large losses at Blade Air Mobility in the third quarter. Revenues in the quarter increased by 125 percent to $45.7 million and revenue for the first nine months of the year jumped 154 percent to $108 million from a year ago. However, losses for the quarter were $9.2 million, equivalent to the prior year period, even as flight margins improved.

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