Rotorcraft
Bristow Posts Loss, Hints at Helicopter Deferrals
The company’s quarterly revenue fell to $375 million, down nearly $44 million year-over-year, and it reported a loss of $25.25 million.


OGP operator Bristow Group revealed punishing financial results for the quarter ended March 31 and hinted for the first time that it might be forced to cancel orders or at least defer some new helicopter deliveries and will turn back some leased helicopters. Quarterly revenues fell to $375 million from $418.8 million from the year-ago period and the company reported a loss of $25.25 million versus a profit of $15 million from the year-ago period.

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