Helicopter EMS provider Air Methods saw its fourth quarter 2015 revenue jump 9.3 percent over the same period a year ago, to $272.4 million; for the year revenue was up 8.1 percent to $1.085.7 billion.
“We are pleased with our fourth quarter results given the severe weather experienced in the quarter and the $4.6 million in costs that were higher than normal,” said company CEO Aaron Todd. Same-base transports declined by 223 in the quarter while same-base weather cancellations increased by 852. For the quarter, air medical services revenue increased by 7.6 percent, to $236 million compared with $219.4 million in the prior-year quarter, while segment net income decreased 2.2 percent, to $49.9 million compared from $51.1 million for the fourth quarter of 2014. The company conducted 15,817 community-based patient transports in last year’s fourth quarter compared with 14,209 in the same period in 2014, an 11.3 percent increase. Net revenue per patient transport increased by 2.2 percent, from $12,238 to $12,508 in the current year quarter. AMS maintenance expense was 16 percent higher in the current year quarter than in the prior year quarter, while total flight volume increased 3.2 percent. Fuel expense per flight hour decreased 19.6 percent.
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