Blade Air Mobility: Poised To Fly Higher

 

  • Blade reported FQ4'21 revenues topped 2019 levels by 28%.
  • The urban air mobility company is poised to expand routes in the next few years to accelerate growth.
  • The stock only trades at ~2x FY23 sales targets while the business is poised to soar starting in FY24 due to EVAs.
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Blade Air Mobility (BLDE) remains the prime way to play an operating urban air mobility business. The company has an asset-light model allowing for a pristine balance sheet to quickly expand services over the next couple of years. My investment thesis remains Bullish on the stock below $10.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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