Exhibit 99.1 May 7, 2024 Blade Air Mobility Reports Financial Results for the First Quarter Ended March 31, 2024 • Achieved record-high Medical revenue of $36.0 million in Q1 2024, a 34.6% increase versus the prior year period and a 12.6% sequential increase versus Q4 2023. • Net loss improved by $6.0 million versus the prior year to $(4.2) million in Q1 2024; Adjusted EBITDA improved by $4.2 million versus the prior year to $(3.5) million in Q1 2024. • Record-high Medical Segment Adjusted EBITDA of $4.4 mi ...