Air North - Bristow Group Performance

[flying-spike]

Can anybody here give an interpretation of this and give an educated comment on Air North’s performance?Bristow Group Inc. - News Release (http://ir.bristowgroup.com/mobile.view?c=91226&v=203&d=1&id=2361894)

[gulliBell]

I can offer an uneducated comment. The Air North business financials have improved over what it was last year.

[4 Holer]

The loss in 2017 was $55 Million the loss this year same period was less $32 Million. There is $64 Million less cash in the bank, maybe covered some of the losses or was pulled out for another reason.Either way its a bit ugly.

[NumptyAussie]

Bristow own 85% of Airnorth, and from the statement it seems that Airnoth provides around 10% of EBTIDA

"Airnorth contributed $0.2 million and $0.9 million in adjusted EBITDA for the June 2018 quarter and June 2017 quarter, respectively."