Air Methods Provides Update on August Transports
08 September 2016 - 8:00AM
Air Methods Corporation (Nasdaq:AIRM), the global leader in air
medical transportation, today reported preliminary patient
transport and tourism passenger data for the month of August 2016.
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Air Medical |
Aug-16 |
Aug-15 |
YOY Change (%) |
QTD3Q16 |
QTD3Q15 |
YOY Change (%) |
Transports |
6,023 |
5,895 |
|
2.2 |
% |
12,402 |
11,711 |
|
5.9 |
% |
Transports +
Weather Cancellations |
8,577 |
7,646 |
|
12.2 |
% |
17,194 |
15,448 |
|
11.3 |
% |
Same-Base Transports (SBTs) |
5,031 |
5,717 |
|
-12.0 |
% |
10,302 |
11,341 |
|
-9.2 |
% |
SBT + Weather Cancellations |
7,226 |
7,434 |
|
-2.8 |
% |
14,438 |
15,000 |
|
-3.7 |
% |
Tourism |
Aug-16 |
Aug-15 |
YOY Change (%) |
QTD3Q16 |
QTD3Q15 |
YOY Change (%) |
Passengers |
48,000 |
44,733 |
|
7.3 |
% |
97,203 |
94,748 |
|
2.6 |
% |
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Aaron Todd, CEO of Air Methods, stated, “Weather
cancellations as a percent of requests for patient transport
increased to 19.8% in August 2016, a significant increase from the
historic average. From 2011 to 2015, weather cancellations in the
month of August averaged 14.8% of requests.”
About Air Methods
CorporationAir Methods Corporation (www.airmethods.com) is
the global leader in air medical transportation. The Air Medical
Services Division is the largest provider of air medical transport
services in the United States. The United Rotorcraft Division
specializes in the design and manufacture of aeromedical and
aerospace technology. The Tourism Division is comprised of Sundance
Helicopters, Inc. and Blue Hawaiian Helicopters, which provide
helicopter tours and charter flights in the Las Vegas/Grand Canyon
region and Hawaii, respectively. Air Methods’ fleet of owned,
leased or maintained aircraft features approximately 500
helicopters and fixed wing aircraft.
Forward Looking Statements:
Forward-looking statements in this news release are made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Statements in this press release that are
“forward-looking statements”, including statements we make with
regard to preliminary results of (i) total transports, (ii)
same-base transports, (iii) weather cancellations, (iv)
weather cancellations as a percent of requests, and (v)
tourism passengers for August 2016, are based on current
expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors, including but not
limited to the Company’s completion of its third quarter closing
and review procedures and other matters set forth in the Company's
filings with the SEC. The Company is under no obligation (and
expressly disclaims any obligation) to update or alter its
forward-looking statements, whether as a result of new information,
future events or otherwise.
CONTACTS: Peter P. Csapo, Chief
Financial Officer, (peter.csapo@airmethods.com). Please contact
Christina Brodsly at (christina.brodsly@airmethods.com) to be
included on the Company’s e-mail distribution list.
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