** Blade Air Mobility's BLDE.O shares up 19.2% at $3.48, a two month high, after co posted narrow-than-expected qtrly loss and topline beat
** BLDE on course for biggest one-day pct gain since Nov 2023 amid broader rally in equities, with the Nasdaq .IXIC surging >3% on Mon after U.S.-China tariff truce .N
** New York-based air transportation and logistics services firm early Mon said Q1 loss was 4 cents/sh while analysts expected loss of 11 cents, per LSEG data
** Rev in qtr increased 5% y/y to $54.3 mln, above the $49.4 mln analysts anticipated
** Co pointed to strength in its passenger segment and measures to improve profitability such as its exit from Canada, and better results in Europe following a restructuring
** It said it expects improving results throughout 2025 in both its passenger and medical air transport business lines, and reaffirmed FY rev guidance of $245-$265 mln
** All 5 analysts covering BLDE are bullish including 2 "strong buy" ratings; median PT is $6 - LSEG
** Despite move on the session, stock down 18% YTD
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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