Blade Air Mobility takes off after narrower-than-expected loss, rev beat

** Blade Air Mobility's BLDE.O shares up 19.2% at $3.48, a two month high, after co posted narrow-than-expected qtrly loss and topline beat

** BLDE on course for biggest one-day pct gain since Nov 2023 amid broader rally in equities, with the Nasdaq .IXIC surging >3% on Mon after U.S.-China tariff truce .N

** New York-based air transportation and logistics services firm early Mon said Q1 loss was 4 cents/sh while analysts expected loss of 11 cents, per LSEG data

** Rev in qtr increased 5% y/y to $54.3 mln, above the $49.4 mln analysts anticipated

** Co pointed to strength in its passenger segment and measures to improve profitability such as its exit from Canada, and better results in Europe following a restructuring

** It said it expects improving results throughout 2025 in both its passenger and medical air transport business lines, and reaffirmed FY rev guidance of $245-$265 mln

** All 5 analysts covering BLDE are bullish including 2 "strong buy" ratings; median PT is $6 - LSEG

** Despite move on the session, stock down 18% YTD