PPRuNe Forums - Air North - Bristow Group Performance

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flying-spike

5th Aug 2018 00:22

Air North - Bristow Group Performance

Can anybody here give an interpretation of this and give an educated comment on Air North’s performance?Bristow Group Inc. - News Release

gulliBell

5th Aug 2018 01:30

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

4 Holer

5th Aug 2018 01:33

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

15th Aug 2018 13:05

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."

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