Air Methods Corporation
Air Methods Reports 1Q2007 Results and 2Q2007 Update
Published in Hospital Business Week, May 27th, 2007
Air Methods Corporation (NASDAQ:AIRM), the largest air medical transportation company in the world, reported financial results for the first quarter ended March 31, 2007 and provided an update on April 2007 flight volumes. For the quarter, revenue increased 11.5% to $81.5 million from $73.0 million in the year-ago quarter. Net income for the first quarter of 2007 was $3.7 million or $0.30 per diluted share, compared with net income of $2.6 million or $0.21 per diluted share in the first quarter of 2006.
The increase in net income is primarily attributed to improved reimbursement per community-based transport during the quarter and reductions in maintenance expense. Net...
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