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Air Methods Reports 3Q2008 Results and 4Q2008 Update
Date:11/6/2008

nts in thousands, except share and per share amounts)

Three Months Ended Nine Months Ended

September 30, September 30,

2008 2007 2008 2007

Revenue:

Flight operations $131,079 98,587 370,298 267,443

Product operations 2,753 2,962 9,592 6,297

Total revenue 133,832 101,549 379,890 273,740

Expenses:

Operating expenses 100,141 66,151 290,924 185,561

General and administrative 15,947 12,861 50,671 37,579

Gain on disposition of

assets, net (1,130) (1,201) (2,568) (1,546)

Depreciation and

amortization 4,328 3,395 12,628 10,285

119,286 81,206 351,655 231,879

Operating income 14,546 20,343 28,235 41,861

Interest expense (1,270) (1,169) (3,943) (3,909)

Loss on early

extinguishment of debt - (757) - (757)

Other, net 928 612 2,180 1,558

Income before income taxes 14,204 19,029 26,472 38,753

Income tax expense (5,835) (7,838) (10,939) (16,039)

Net income $8,369 11,191 15,533 22,714

Income per common share:

Basic $0.69 0.94 1.28 1.91

Diluted $0.67 0.89 1.23 1.82

Weighted average common

shares outstanding:

Basic 12,179,714 11,954,332 12,170,980 11,906,211

Diluted 12,522,932 12,542,816 12,590,252 1
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SOURCE Air Methods Corporation
Copyright©2008 PR Newswire.
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