Air ambulance outfitter Spectrum Aeromed (Booth No. 3628) will be distributing approximately $100,000 in profit sharing funds to 21 employees at its Fargo, N.D. headquarters, based on its continuing trend of revenue increase, the company announced. “We’ve experienced exponential growth for three consecutive years and we’re fortunate to have the opportunity to reward our team of dedicated employees with profit sharing as a result of their hard work,” noted company owner Dean Atchison.
For the first six months of the year, the nation’s largest helicopter EMS provider reported revenues of $282.1 million, up 9 percent from the same period a year ago. Net income for the period increased by 25 percent, to $16.1 million. Net revenue per community-based transport increased to $9,008, a 10-percent increase from the prior year quarter. However, hospital-based revenue dipped by 1 percent.
PHI said its revenues from the oil and gas segment for the quarter ending June 30 fell to $90.2 million from $94.7 million during the same period a year ago. The company blamed the decline on reduced medium helicopter revenue as a result of a decline in deepwater drilling and rig support in the wake of increased regulation and delay in the wake of last year’s Deepwater Horizon disaster in the Gulf of Mexico.
Offshore helicopter services company Bristow announced increased earnings and revenues for its fiscal year ended March 31 of $121.3 million and $1.233 billion, respectively. The company reported that revenue increased across all primary business units
“Fiscal 2011 turned out to be a strong year, distinguished by record revenue, operating income and net income,” said CEO Bill Chiles.
Fractional provider Avantair reported revenues of $35.8 million for its Fiscal Year 2010 second quarter ending December 31. It recorded operating income of $1.4 million versus an operating loss of $628,000 in the year-ago period, and earnings before interest, income taxes, depreciation and amortization stood at $2.8 million.
Despite the recession, XOJet has reported strong year-over-year increases in revenue, flight hours and customers. The charter company said it experienced a 66-percent increase in revenue last year and a 60-percent increase in flight hours over 2007. XOJet ended the year with more than 1,500 customers, up from 1,000 the previous year.
Charter broker Air Partner has reported strong growth in both sales and profits for its financial year that ended on July 31. Group sales climbed 35 percent, to reach £251.3 million ($432 million) and pre-tax profits grew by 21 percent, to £9.2 million ($15.8 million).
London-based aircraft charter broker Air Partner has reported strong growth in both sales and profits for its fiscal year that ended on July 31. Group sales climbed 35 percent to reach £251.3 million ($432 million) and pre-tax profits grew by 21 percent to £9.2 million ($15.8 million).
Fractional-share operator Avantair saw its revenues climb significantly for the fiscal year that ended on June 30. Compared with the same period last year, revenues increased 51.3 percent, to $115.6 million from $76.4 million.
Bombardier (Booth No. 4397) reported a year-over-year revenue increase of 22 percent, to $4.9 billion, in its second fiscal quarter ending July 31, thanks in large part to the strength of its aerospace division. The company’s aviation businesses contributed $2.5 billion of these revenues in the quarter, up from $2.2 billion in the same period last year.
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