Trade Blade Air Mobility, Inc. - BLDE CFD

Blade Air Mobility, Inc. Company profile

About Blade Air Mobility Inc

Blade Air Mobility, Inc, formerly Experience Investment Corp., is a technology-powered air mobility company. The Company provides consumers with an alternative to ground transportation for congested routes, within the Northeast United States and India, through its helicopter, amphibious seaplane and fixed-wing transportation services. Its network of operator partners provides aircraft, pilots, maintenance, insurance and fuel, while it focuses on booking and fliers through its mobile application, Website and Flier Relations team and providing air transportation alternatives to some of the congested ground routes in the United States and India. Its customer-to-cockpit technology stack enables it to manage hundreds of fliers across flights, coordinating multiple operators flying between terminals across its route network. Its asset-light model with its passenger terminal infrastructure is designed to provide transition to Electric Vertical Aircraft (EVA) enabling lower-cost air mobility.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Blade Air Mobility Inc revenues increased from $0K to $24.6M. Net income totaled $772K vs. loss of $20.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Change in fair value of warrant liabilit increase from $20.7M (expense) to $10.9M (income).