Charter & Fractional
Revenues Up, Earnings Down at Air Methods
"Industry-wide decline in demand” and acquisition of Tri-State Care Flight last year cited as contributors to lower earnings.

Air Methods, the largest helicopter air ambulance provider in the U.S., last year posted an 8 percent increase in revenues, to $1.17 billion, but reduced earnings against a backdrop of slashed capital expenditures, higher maintenance costs, base closures and the significant underperformance of a recent major acquisition. During an investor call meeting yesterday, Air Methods said that fourth-quarter revenues increased to $297.5 million from $272.4 million a year before, but that earnings per share dipped by 5.3 percent.

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