Q3 2023 Financial Highlights

Blade Financial Drivers Blade generates revenue from a combination of by-the-seat, full aircraft charter, and ancillary products and services Revenue COGS By-The-Seat Products Seats Sold Price Per Seat Flights Flown * Cost Per Flight Charter/Medical Products • Flights Sold * • Price Per Flight Flights Sold × Cost Per Flight • Other Revenue Upgrades (Meet & Greet, Car Services, Flexible Fares) • Gift Cards, Unused Credits Change/Cancellation Fees Lights and Sirens Ground Organ Transportation Upgrades can be up to 100% margin Car services are typically charged at cost plus a staging fee Target Flight Margin Economic Risk SG&A CapEx and Working Capital >20% Higher, requires utilization of individual flights to average above breakeven Largely fixed except for part-time labor and marketing Double-Digit Up to 100% Lower, given each flight priced Lowest to generate positive margin Minimal Capex besides buildout of new terminals ($200k-$300k each) and acquisitions Negative net working capital in US Passenger business; Medical customers typically receive 60-90 day terms BLADE 27

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