Air Methods Provides 2nd Quarter Update and Date of Quarterly Confe...( Continued High Weather Cancellations...),Health

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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