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Air Methods Reports 3Q2007 Results and 4Q2007 Update
Date:11/8/2007

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Three Months Ended Nine Months Ended

September 30, September 30,

2007 2006 2007 2006

Revenue:

Flight operations $98,587 88,949 267,443 237,410

Product operations 2,962 1,571 6,297 4,616

Total revenue 101,549 90,520 273,740 242,026

Expenses:

Operating expenses 66,151 61,219 185,561 174,196

General and administrative 12,861 10,341 37,579 30,189

Loss (gain) on disposition

of assets, net (1,201) 16 (1,546) (546)

Litigation settlement - (1,417) - (1,417)

Depreciation and

amortization 3,395 3,239 10,285 9,604

81,206 73,398 231,879 212,026

Operating income 20,343 17,122 41,861 30,000

Interest expense (1,169) (1,522) (3,909) (4,348)

Loss on early

extinguishment of debt (757) - (757) -

Other, net 612 452 1,558 1,192

Income before income taxes 19,029 16,052 38,753 26,844

Income tax expense (7,838) (6,446) (16,039) (10,845)

Net income $11,191 9,606 22,714 15,999

Income per common share:

Basic $0.94 0.82 1.91 1.36

Diluted $0.89 0.78 1.82 1.30

Weighted average common

shares outstanding:

Basic 11,954,332 11,774,700 11,906,211 11,724,182

Diluted 12,542,
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SOURCE Air Methods Corporation
Copyright©2007 PR Newswire.
All rights reserved

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