ERA Group (ERA) Reports Q3 Loss of $3.91/Share

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Era Group Inc. Reports Third Quarter 2017 Results

November 9, 2017 4:19 PM EST

HOUSTON, Nov. 09, 2017 (GLOBE NEWSWIRE) -- Era Group Inc. (NYSE: ERA) (the Company) today reported a net loss attributable to the Company of $81.4 million, or $3.91 per diluted share, for its third quarter ended September 30, 2017 (current quarter) on operating revenues of $61.4 million compared to net loss attributable to the Company of $2.8 million, or $0.13 per diluted share, for the quarter ended June 30, 2017 (preceding quarter) on operating revenues of $57.9 million.  As further described in the H225 Update section of this press release, the Company recorded non-cash impairment charges of approximately $117 million in the current quarter primarily related to its H225... More