Blade Air Mobility Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Blade Air Mobility (NASDAQ:BLDE) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$67.9m (up 11% from 2Q 2023).
• Net loss: US$11.3m (loss narrowed by 7.4% from 2Q 2023).
• US$0.15 loss per share (improved from US$0.17 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Blade Air Mobility Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 7.6%. Earnings per share (EPS) missed analyst estimates by 153%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Airlines industry in the US.

Performance of the American Airlines industry.

The company's shares are up 4.5% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Blade Air Mobility that you should be aware of.

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