Why Blade Air Mobility Stock Gained Altitude Today

Shares of helicopter rideshare platform Blade Air Mobility (NASDAQ: BLDE) climbed as much as 15% on Thursday morning after the company announced plans to acquire a medical transport operation. The deal is a small one, but investors like the potential for it to add to revenue.

Blade is a helicopter transport service that went public in May via a merger with a special purpose acquisition company. The company currently offers transportation in and around New York City, but has ambitions to round out its offerings and expand nationwide.

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Source Fool.com