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Era Group Inc. Reports First Quarter 2020 Results

HOUSTON, May 05, 2020 (GLOBE NEWSWIRE) — Era Group Inc. (NYSE: ERA) today reported net loss attributable to the Company of $7.2 million, or $0.35 per diluted share, for its first quarter ended March 31, 2020 (“current quarter”) on operating revenues of $57.1 million compared to net loss attributable to the Company of $0.7 million, or $0.03 per diluted share, for the quarter ended December 31, 2019 (“preceding quarter”) on operating revenues of $60.4 million.  Excluding the impact of special items and foreign currency losses, as discussed below, adjusted net loss attributable to the Company (“Adjusted Net Loss”) would have been $1.3 million, or $0.06 per diluted share, in the current quarter.

Click here to read the full press release, dated May 5, 2020