From the Results:
CHC Group reported fiscal 2016 third quarter (ended Jan. 31, 2016) consolidated revenue of $333 million, a decline of 20 percent year-over-year,
The company reported a net loss of $76 million, or $33.33 per ordinary share, for the fiscal 2016 third quarter.
CHC CEO says:
With low visibility and ongoing uncertainty regarding a market improvement, we are planning for the difficult conditions to continue for some time and are managing our business accordingly.
We maintain our belief that long term market fundamentals remain in place and we continue to take proactive steps to improve our long-term position,
Max Contingency says: You cant polish a turd but it appears that you can in fact roll it in glitter and paste a humming bird logo on the side