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Era Group Inc. Reports Fourth Quarter and Full Year 2019 Results

HOUSTON, March 05, 2020 (GLOBE NEWSWIRE) — Era Group Inc. (NYSE: ERA) today reported net loss attributable to the Company for its fourth quarter ended December 31, 2019 (“current quarter”) of $0.7 million, or $0.03 per diluted share, on operating revenues of $60.4 million compared to net loss of $1.9 million, or $0.09 per diluted share, on operating revenues of $58.9 million for the quarter ended September 30, 2019 (“preceding quarter”).  Era reported net loss attributable to the Company of $3.6 million, or $0.17 per diluted share, for the year ended December 31, 2019 (“current year”) on operating revenues of $226.1 million compared to net income of $13.9 million, or $0.64 per diluted share, on operating revenues of $221.7 million for the year ended December 31, 2018 (“prior year”).

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