Mark Huber is an aviation industry veteran who has worked in the flight training, aircraft sales, aircraft component, and airport development businesses. He has flight time in more than 50 different and diverse aircraft, including helicopters, aerobatic aircraft, vintage warbirds, jet fighters, business jets and turboprops, and transport-category aircraft. He has jumped out of several of these—on purpose—with a parachute. His defense and aviation journalism has been published in a variety of national and international periodicals.

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Mark Huber

Blade Air Mobility posted 187 percent higher revenues in the first quarter versus a year ago, added 14 new organ transport clients, and saw passenger volumes substantially top pre-Covid levels. Revenues in the quarter grew to $26.6 million, up from $9.27 million in the first three months of last year.

 


However, net losses also expanded for the period,&nbsp;to $11 million versus $4.2 million from a year ago. Blade said&nbsp;much of the loss was fueled by increased general and administrative expenses&nbsp;due to organic growth, as well as one-off charges associated with recent acquisitions.&nbsp;

 


The revenue jump in the quarter was fueled by the near-tripling of MediMobility organ transport and BladeOne jet revenues, which totaled&nbsp;$22.1 million. That's up from&nbsp;$7.7 million in the same&nbsp;period last year. Short distance revenues also grew by 300 percent,&nbsp;to $4.2 million, much of it attributable to Blade’s acquisition of Helijet’s commuter routes in the Vancouver area.&nbsp;MediMobility revenue increases were attributable in part to Blade’s acquisition of Trinity Air Medical and stronger seasonal demand for BladeOne passenger service from New York to Florida.

 


Flight margins during the period decreased to 11 percent from 16 percent from the year-ago period. The company said the drop was driven in part by increased charges for&nbsp;Blade Airport ground transportation, which delivers passengers to heliport&nbsp;and airport flight ramps.

News and issues regarding all manner of civil and military rotorcraft and their powerplants, including helicopters, tilt rotors and unmanned air vehicles.

Blade's Q1 Revenues Jump 187 Percent

Blade Air Mobility said revenues from organ transports, short-haul passenger flights spurring growth. 

2024 Corporate Aviation Leadership Summit

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News about bills, laws, regulations and other governmental decisions affecting aviation and aerospace. Topics include FAA re-authorizations, taxes on fuel and aviation activities, environmental legislation, ICAO decisions, governmental mediation of labor conflicts and World Trade Organization disputes and decisions.

Essential news and analysis on the defense aerospace business. Your trusted source for new and ongoing programs and requirements in military aircraft (manned and unmanned), engines, avionics, weapons and associated systems, including ground-based air defense.

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News and issues relating to the aerospace industry that are related to the science, engineering and business of flight in space involving civil, industrial and military applications, and similar topics related to flight in the atmosphere of the Earth that are not covered more directly by other AINonline subject channels. In other words, both astronautical and aeronautical subjects, except for those aeronautical topics that are specifically covered elsewhere on this website.

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News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

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