Helicopter Investor

CHC Helicopter increases revenue and earnings for eighth quarter running

by · March 20

CHC Helicopter, one of the world’s largest helicopter operators, completed its eighth consecutive quarter of revenue and earnings growth in the third quarter of its fiscal year.

EBITDAR increased by 18% to $121M for the quarter ending 31 January and consolidated revenue was up 9% to $442 million, but CHC made a net loss of $63, including a non-cash, deferred tax-asset write-off of $28 million.

William Amelio, president and CEO, said: “We’re delivering solid operating results at the same time we’re streamlining and making other improvements that are strengthening CHC for the long haul.”

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Terry Spruce

Terry is Senior News Editor and writes for both Corporate Jet Investor and Helicopter Investor. He is also responsible for our helicopter guides. Terry has been an aviation enthusiast since the early 1970s. He is a lapsed Private Pilot and ex-Piper Cherokee owner. He has flown a number of light aircraft and is comfortable sitting in the co-pilot's seat or the back of any aircraft. Before moving to journalism he was a banker for 20 years. You can contact him at: terry@corporatejetinvestor.com or follow him on twitter @Terry_Spruce

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