Rotorcraft
Blade's Revenues and Losses Jump
Gains led by organ transport business
Blade Air Mobility Europe Helicopter
© Blade Air Mobility

Blade Air Mobility continues to post higher revenues, as well as losses. In the second quarter, the helicopter passenger ridesharing and medical organ transplant transport company saw revenues jump 42.7 percent (adjusted for the acquisition of Blade Europe) from the year-ago period to nearly $61 million. Meanwhile, its MediMobility division revenues virtually doubled from $17.2 million to $34.4 million over the past year.

Short-distance passenger helicopter revenues increased by 6.2 percent to $19.18 million, and jet revenues were flat at $7.4 million, a 0.2 percent decrease from the year-ago period. Revenues for the first six months of 2023 increased by 42.3 percent to $106.28 million, up from $74.66 million from the year-ago period. However, losses from operations also increased to $12.2 million, up from $9.7 million in second-quarter 2022.

Loading…