1. Metabolic intermediates, substrate utilization and enzyme activities were determined in the red blood cells of the common bent-wing bat and the red fruit bat. Standard haematological parameters and oxy-haemoglobin dissociation curves were also determined in both species. 2. The glycolytic rate as measured by lactate production was much higher for all substrates in the bent-wing bats. The activities of the glycolytic enzymes were also much higher in this species. 3. The standard haematological parameters were similar for the two species. The levels of 2,3-diphosphoglycerate (DPG) in the red cells of the fruit bat were nearly twice as high as those in the bent-wing bats. 4. The oxy-haemoglobin dissociation curve for the red fruit bat was located to the right of that for the bent-wing bat and both these curves were located to the right of that normally seen for human blood. 5. Both species of bat show blood characteristics well adapted to carrying the increased oxygen demands of flight.