The company's revenue for the fiscal year ending in April were $876 million, a 3% annual increase. But CHC posted a $137 million net loss as costs rose, compared with the previous year's $120 million net loss, the person familiar with the matter said.The company finished the fiscal year with $866 million of debt and $87 million of total cash, the person said.
Mitchaa wrote:
Well we don’t get to see their financial figures anymore so how is anyone supposed to know?
Given they have just awarded their pilot staff a large 9.3% pay rise up until next year as recently reported, that’s not a sign of a company struggling. They are continuing to announce contract wins and extensions, new hangar builds Introduction of the 189 in Aberdeen.
Where is there any evidence that this leaner debt cleared company are struggling again just 2yrs after Chapter 11?
I rest my case from Post # 22
Last edited by industry insider; 26th Jul 2019 at 03:06.