Finance, Taxes, Insurance
Blade Logs 3Q Net Loss Despite Flight Growth
Medical and passenger flight demand increased alongside revenues
Blade Bell 407
A Blade Bell 407 approaches the New York City skyline.

Blade Air Mobility reported a net loss of slightly less than $2 million in the third quarter despite achieving improvements in both its passenger and medical flight operations. Revenues at the U.S. group grew by 4.8%, to $74.9 million, in the quarter, while operating cash flow increased by $4.3 million, to $6.4 million.

During the quarter, Blade announced a partnership to improve access to OrganOx’s metra device for preserving livers as they are transported to transplant centers. It also acquired two more aircraft during the period, and these are set to enter service in 2025.