Bristow Group’s profits soar, raises guidance

Bristow Group – a provider of vertical takeoff and landing (VTOL) transportation and aircraft support solutions to government and civil organisations – has reported a net income of $28.2 million, or 96 cents per diluted share in the second quarter of the year. It marks a strong increase over last year’s second quarter net loss of $1.6 million. The company’s revenues of $59.7 million surpassed in the quarter surpassed the $319.4 million in revenues from last year’s second quarter. Adjusted operating profit was $70.3 million, swinging from its adjusted operating loss last year of $39 million. “In conjunction with Bristow’s