Blade Air Mobility Inc (NASDAQ:BLDE) reported first-quarter FY24 revenue growth of 13.8% Y/Y to $51.5 million, beating the consensus of $49.5 million. Short Distance revenue fell 5.9% Y/Y to $9.8 million due to significant inclement weather impacting the European business in the Swiss and French alps and lower passenger volume in Canada. Flight Profit increased 41.5% Y/Y to $10.1 million, and the margin improved by 386 bps Y/Y to 19.7%, aided by strong growth in the Medical business. Total adjusted EBITDA loss was $(3.55) million, compared to a loss of $(7.72) million a year ago, margin recovered to -6.9% from -17.1% prior-year quarter. Passenger segment’s adjusted EBITDA loss stood at $(2.65) million ...