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Air Methods Provides 1st Quarter Update
Date:4/22/2008

Increased Weather Cancellations and Higher Maintenance and Fuel Costs to

Affect Quarterly Results

DENVER, April 22 /PRNewswire-FirstCall/ -- Air Methods Corporation (Nasdaq: AIRM), the largest air medical transportation company in the world, provided an update on first quarter 2008 results.

Based on preliminary 2008 first quarter results, total community-based patient transports were 10,570. Patients transported for community bases in operation greater than one year (Same-Base Transports) decreased 542 transports or 7%, while weather cancellations for these same bases increased by 642 transports or 30%, compared with the prior-year quarter. These Same- Base Transports and weather cancellations exclude bases acquired from CJ Systems Aviation Group, Inc. (CJ) effective October 1, 2007.

The Company also announced that maintenance and fuel costs for the quarter were higher than anticipated and higher than levels experienced during the fourth quarter of 2007, the first full quarter of combined operations with CJ. Maintenance expenditures per estimated flight hour increased 14% during the first quarter as compared with the fourth quarter of 2007 and resulted in approximately $2.5 million increased expense. Fuel costs per community-based patient transport during the first quarter of 2008 were 39% higher than the first quarter of 2007. This resulted in approximately $1 million increase in expense based on first quarter 2008 patient flight activity.

Offsetting these increases in flight cancellations and operating costs was $1.3 million in gains generated from disposition of aircraft. These aircraft were sold during the first quarter of 2008 as part of the Company's continuing fleet rejuvenation
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SOURCE Air Methods Corporation
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