Blade closes Q2, 2023 with a revenue of $61 million

Blade recorded a total revenue of $61 million in second quarter (Q2), 2023 recording an increase of 71.2% over Q2 of 2022, when the revenue was $35.6 million. The company’s increased 102.9% to $10.4 million versus $5.1 million in the prior year period. The company reported an increase in flight margins by 12% up from 14.3% in 2022, in addition acquisition of Blade Europe improved its short distance revenue by 75% to close at $19.2 million. Blade reported a net loss of $12.2 million in the quarter versus a net income of $8,4 million in Q2, 2022 due to the