By Katherine Hamilton
Blade Air Mobility shares rose after it posted higher-than-expected revenue for the fourth quarter.
The stock rose 15% to $3.26 on Thursday. Shares have gained a quarter of their value over the past year.
Blade posted $54.4 million in revenue during the fourth quarter, beating Wall Street's expectations of $50.5 million.
It narrowed its quarterly loss to $9.79 million, from $33.9 million in the prior year.
The air transportation provider said it expects to make $245 million to $265 million in revenue during 2025, compared with the $256.6 million analysts were expecting, according to FactSet.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
March 13, 2025 11:59 ET (15:59 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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