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Blade Urban Air Mobility Reports Fiscal First Quarter 2021 Financial Results and Provides Corporate Update


Press release content from Business Wire. The AP news staff was not involved in its creation.
Blade Urban Air Mobility Reports Fiscal First Quarter 2021 Financial Results and Provides Corporate Update
March 10, 2021 GMT
NEW YORK (BUSINESS WIRE) Mar 10, 2021
Blade Urban Air Mobility, Inc. (“Blade” or the “Company”), a technology-powered air mobility business, which recently announced it would become a public company via a merger with special purpose acquisition company Experience Investment Corp. (NASDAQ: EXPC), today announced financial results for the fiscal first quarter ended December 31, 2020.
“Our focused pursuit of new service and market expansion opportunities will enable us to fly a greater number of passengers between our private terminals in the U.S. and abroad, while maintaining profitable unit economics using current aviation technology. As Electric Vertical Aircraft (“EVA”) become certified for commercial use, the value of Blade’s ....

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