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Air Methods Provides 2nd Quarter Update and Date of Quarterly Conference Call
Date:7/24/2008

Continued High Weather Cancellations and Higher Operating Costs to Affect

Quarterly Results AIRM to Report Second Quarter Financial Results on Thursday, August 7, 2008

DENVER, July 24 /PRNewswire-FirstCall/ -- Air Methods Corporation (Nasdaq: AIRM), the largest air medical transportation company in the world, provided an update on second quarter 2008 results.

Based on preliminary 2008 second quarter results, total community-based patient transports were 11,635. Patients transported for community bases in operation greater than one year (Same-Base Transports) decreased 651 transports or 7%, while weather cancellations for these same bases increased by 459 transports compared with the prior-year quarter. For the six-month period ended June 30, 2008, Same-Base Transports decreased by 1,228 or 7%, while weather cancellations increased by 1,095. These Same-Base Transports and weather cancellations exclude bases acquired from CJ Systems Aviation Group, Inc. (CJ) effective October 1, 2007. Net revenue per community-based transport was approximately $6,725 for the current-year quarter, compared with $6,412 in the prior-year quarter and $6,622 in the first quarter of 2008.

The Company also announced that fuel costs per community-based patient transport were 58% higher than during the prior-year quarter. Based on patients transported during the current-year quarter, this increase resulted in approximately $1.8 million in increased fuel costs. Maintenance expenditures per flight hour increased approximately 21% during the current quarter as compared with the second quarter of 2007, excluding the effect of aircraft acquired in the CJ acquisition. Total consolidated cost per flight hour was relatively u
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SOURCE Air Methods Corporation
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