---
title: "The Price is (Still) Wrong - Blade Air (BLDE)"
author: Tom Hogan
publication: Hoags
date: 2024-05-14
section: Investing
series: Blade Air (BLDE)
words: 1546
url: https://tomhogan.io/p/the-price-is-still-wrong-blade
source: https://tomhoganfinance.substack.com/p/the-price-is-still-wrong-blade-air
excerpt: true
license: quote with attribution and a link
---

# The Price is (Still) Wrong - Blade Air (BLDE)

*"The price is (still) wrong..." Blade after Q1 2024 earnings.*

> “The price is wrong, bitch” - Adam Sandler as Happy Gilmore

Last week, Blade Air Mobility (BLDE) continued to prove that the market is still behind the curve when it comes to understanding the company when they announced earnings on May 7th. Once again, management executed on their short-term goals, resulting in beats on the top and bottom lines.

Before I get into the company’s earnings, I want to tip my cap to Blade’s entire team for executing in Q1 and blowing past estimates. I also want to applaud the individual efforts of Founder and CEO, Rob Wiesenthal, as well as Chief Financial Officer, Will Heyburn. Blade’s continued success is a direct result of their operational efforts and leadership, so hats off to them.

For those who are not familiar with Blade and/or would like a refresher, I recommend reading my first piece before reading on, which can be found here: The Market has the Story Wrong, Luxury is Essential

The rest of this piece, with the charts and tables the argument was built on, is at the source link below.

— Hoags

Opening excerpt; the full piece with charts and tables is at the source URL above.