24/7 Market News Snapshot 12 May, 2025 – Blade Air Mobility, Inc. Class A Common Stock (NASDAQ:BLDE)

May 12, 2025

DENVER, Colo., 12 May, 2025 (www.247marketnews.com) – (NASDAQ:BLDE) are discussed in this article.
Blade Air Mobility, Inc. has demonstrated significant momentum in the market today, with shares opening at $3.30 and currently trading at $3.436, reflecting a compelling increase of 17.67%. This price surge follows the previous session’s close at $2.920, showcasing strong bullish sentiment among investors. The trading volume has reached 1.09 million shares, indicating heightened engagement. Technical indicators suggest that the stock may be breaking through key resistance levels, potentially indicating a sustained upward trajectory. Observers are advised to monitor potential profit-taking or consolidation, as these factors may affect future price developments.

In addition to its market performance, Blade has recently reported promising financial results for the first quarter of 2025, which underscore substantial growth and operational advancements. The company recorded a net loss of $(3.5) million, an improvement of $0.7 million year-over-year, coupled with a noteworthy increase in Adjusted EBITDA by $2.3 million, signaling progress toward profitability.

Revenues in the Passenger Segment surged by 42.0%, totaling $18.4 million and marking the first profitable Adjusted EBITDA quarter since Blade’s public listing. Overall revenue rose by 5.4% to $54.3 million, primarily fueled by robust demand in this segment. When excluding Canadian operations from which the company exited last August, revenue growth accelerates to 10.9%. Notably, Blade achieved record volumes in its Medical trip offerings, enhancing service efficiency.

CEO Rob Wiesenthal expressed optimism regarding Blade’s future, crediting the results to effective strategic initiatives. CFO Will Heyburn highlighted that the medical segment is likely to flourish, driven by new hospital partnerships and a strong logistical framework. As Blade pioneers innovations in air mobility, it remains poised for significant expansion, reaffirming its financial guidance for 2025 with projected revenues of $245 to $265 million and positive Adjusted EBITDA.

Related news for (BLDE)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.