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Stock impact report

Blade to Offer Luxury Bus Service to Hamptons at Fare Up to $275 [BNN Bloomberg (Canada)]

Blade Air Mobility, Inc. - Class A (BLDE) 
Company Research Source: BNN Bloomberg
Blade Air Mobility Inc. is taking on Hampton Jitney Inc. with a new first-class streamliner featuring perks like in-seat food and beverage service to the eastern end of Long Island. The air-transport operator known for plane and helicopter charters is entering the commercial bus world by piloting the service in partnership with bus carrier The Jet, the company announced Sunday. Until now bus transport to the Hamptons and Long Island's North Fork has been dominated by the Jitney, which has been shuttling city residents to the regions at affordable rates for 50 years. One-way tickets on the Blade streamliner will be pricier than what's currently available. It will charge $195 for a seat in the double-row and $275 for a single-row seat. In contrast, a one-way trip on the Jitney costs as little as $41 during peak hours, while the train from New York City on the Long Island Railroad costs $31.75. However, the streamliner will be cheaper than taking a Blade Bell 407 helicopter to the Show less Read more
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