Q3 2023 Financial Highlights

Use Of Non-GAAP Information (Continued) Pro forma revenue - Pro forma revenue gives effect to revenue from acquisitions that occurred after the commensurate period of the prior year as if they had been acquired on the first day of the commensurate period of the prior year. Pro forma change in revenue is calculated as the difference between the current reported GAAP revenue and the comparative period pro forma revenue. Management believes that discussing pro forma revenue contributes to the understanding of Blade's performance and trends, because it allows for comparisons of the current year period to that of prior years, normalized for the impact of acquisitions. Management believes that pro forma change in revenue assists in measuring the underlying revenue growth of our business as it stands as of the end of the current year period, which we believe provides insight into our then-current operations. Pro forma change in revenue does not represent organic revenue generated by our business as it stood at the beginning of the prior year period. Constant currency - The unaudited interim condensed consolidated financial statements included here are presented in U.S. dollars. However, Blade's international operations give rise to fluctuations in foreign exchange rates. To compare results between periods as if exchange rates had remained constant period-over-period and allow change in revenue to be evaluated without the impact of foreign currency exchange rate fluctuations, Blade has included results in constant currency. These are calculated by applying the current period exchange rates to local currency reported results for both the current and prior year. " BLADE BLADE AIR MOBILITY, INC. RECONCILIATION OF REPORTED REVENUE TO PRO FORMA REVENUE (in thousands except percentages, unaudited) The following unaudited pro forma financial information presents what our revenue would have been if the Blade Europe business had been acquired on July 1, 2022 and January 1, 2022 for the three months and nine months ended September 30, 2022, respectively. As a result, pro forma revenue includes revenue generated during periods when we did not yet own the acquired business. This unaudited pro forma financial information should not be relied upon as being indicative of the historical results that would have been obtained if the acquisition had occurred on that date, nor the results that may be obtained in the future. Three Months Ended September 30, Reported Revenue three months ended September 30, 2022 Impact of Blade Europe $ Total 45.722 $ 10.969 Short Distance 20.402 10.969 $ Jet and Other 5.101 MediMobility Organ Transport $ 20,219 Pro forma Revenue $ 56,691 $ 31,371 $ 5.101 $ 20,219 Reported Revenue three months ended September 30, 2023 Pro forma change in revenue $ 71.442 $ 30.388 $ 7.607 $ 33.447 26.0 % (3.1)% 49.1 % 65.4 % Impact of foreign currency translation Pro forma constant currency change in revenue 0.5 % 25.5 % 0.9 % ** ** (4.0)% 49.1 % 65.4 % **Percentage not applicable 44

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