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Here is why Blade Air Mobility Inc. (BLDE) stock lost its momentum in the after-hours on Monday?

BTRS Stock

BTRS Stock

Blade Air Mobility Inc. (BLDE) shares declined 6.03% in after-hours on Monday, December 20, 2021, and closed the daily trading at $8.41. However, in the regular trading session, BLDE’s stock gained 4.56%. BLDE shares have fallen 16.04% over the last 12 months, and they have moved up 2.05% in the past week. Over the past three months, the stock has lost 15.25%, while over the past six months, it has declined 17.21%.

Let’s have a brief look at its recent news and developments.

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BLDE latest news

On December 20, 2021, Blade Air Mobility, Inc. (BLDE) announced financial results for the fiscal fourth quarter and fiscal year ended September 30, 2021.

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Q4 2021 financial highlights

FY 2021 financial highlights

BLDE agreement with Helijet International

On December 02, 2021, Blade Air Mobility, Inc. (BLDE) entered into an agreement through its wholly-owned subsidiaries Blade Urban Air Mobility, Inc. and Blade Urban Air Mobility (Canada), Inc., with Helijet International, Inc.

According to the agreement, Blade has acquired exclusive rights to offer scheduled helicopter flights operated by Helijet and to utilize passenger terminals at heliports controlled by PHS.

BLDE expansion of airport service

On November 19, 2021, Blade Air Mobility, Inc. (BLDE) expanded its Blade Airport product with the launch of helicopter service between Manhattan and Newark Airport. Flights are available between 7 am and 7 pm Monday through Friday, and 3 pm to 7 pm on Sundays for $195 per seat or $95 per seat for Blade Airport pass holders.

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Conclusion

Well, the recent financial results were the reason behind its turnaround and loss in the after-hours on Monday. It can further slide down in the coming trading sessions on Tuesday.

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