Bristow Reports Quarterly Loss and Improving Prospects | Aviation International News

Bristow Reports Quarterly Loss and Improving Prospects

Bristow Group is seeing growing interest in contracts for its helicopter fleet, especially in Europe.

By Mark Huber • Contributor

March 4, 2017

In February, oil and gas producer (OGP) operator Bristow Group (Booth 7151) released its latest results for the quarter ending December 31, with a loss of $21.9 million on revenues of $324.35 million as opposed to 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 compared to a loss of $47.18 million on revenues of $1.254 billion from the year- ago period. Bristow CEO Jonathan Baliff said the results "exceeded our internal expectations" but conceded that the company's OGP business "continues to operate along the economic bottom" in a "dynamic and prolonged downturn."

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