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

activities.

Based on preliminary results, the Company estimates that its fully diluted earnings will be between $0.17 and $0.20 per share for the quarter ended March 31, 2008. The Company noted that these preliminary results are subject to final quarter-end closing and review procedures and are therefore subject to change.

Aaron Todd, CEO, stated, "While we are disappointed with the impact of these events on our quarterly results, variations in weather cancellations and maintenance events are common to our operations from quarter-to-quarter. We continue to remain optimistic of our ability to achieve strong growth in year- over-year earnings per share dependent on more moderate weather cancellations and maintenance activities. To compensate for the recent significant increases in fuel costs and to help offset the impact of these first quarter events, the Company will increase its charges for community-based transports by an average 7% effective May 1st. Further increases will be considered during the remainder of 2008 should they be needed."

Air Methods Corporation (http://www.airmethods.com) is a leader in emergency air medical transportation and medical services. The Hospital Based Services Division is the largest provider of air medical transport services for hospitals. The Community Based Services Division is the largest community- based provider of air medical services. The Products Division specializes in the design and manufacture of aeromedical and aerospace technology. The Company's fleet of owned, leased or maintained aircraft features over 330 helicopters and fixed wing aircraft.

Forward Looking Statements: This news release includes certain forward- looking statements, which are subject to various risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors, including but not limited to the integration of CJ int
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SOURCE Air Methods Corporation
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