Rotorcraft
Bristow Secures New Financing as Helo Ops Losses Widen
Company's oil and gas business "continues to operate along the economic bottom" in a "dynamic and prolonged downturn."

On Thursday, Bristow Group released its latest results for the quarter ending December 31, reporting a $21.9 million loss on revenues of $324.35 million, compared with a $3.2 million profit on revenues of $395 million from the year-ago period. For the nine months ended December 31, Bristow's net loss was $92.5 million on revenues of $1.024 billion versus a loss of $47.18 million on revenues of $1.254 billion from the same period in 2015.

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