Blade Air Mobility (BLDE) Shares Soar 23.29% on Q1 Earnings

Blade Air Mobility (BLDE) shares soared to their highest level since March 2025 today, with an intraday gain of 23.29%.

The strategy of buying BLDE shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 7.56% annualized gain. The maximum drawdown of 16.93% during this period highlighted its vulnerability during market downturns. Overall, this strategy provided a decent return with limited downside, making it suitable for investors seeking stability after peak purchases.

Blade Air Mobility's stock price experienced a significant surge following the release of its first quarter 2025 financial results. The company reported a 42% increase in Passenger segment revenue, excluding Canada, and achieved its first-ever positive adjusted profit. These strong financial metrics have bolstered investor confidence, driving the stock price higher.

The company's net loss also showed improvement, decreasing by $0.7 million year-over-year. Additionally, adjusted EBITDA saw a notable increase of $2.3 million, further enhancing the positive outlook for the company. These financial improvements have been well-received by investors, contributing to the upward momentum in Blade Air Mobility's stock price.