Bristow reports 11.6% q/q revenue drop in early 2023

Bristow Group reported revenues of $302 million for the quarter ended March 31 2023, down 11.6 million quarter-0n-quarter. The company, which “primarily provides aviation services to a broad base of offshore energy companies and government entities”, reported a loss of $1.5 million, or $0.05 per diluted share, compared to a $ million, or $0.25 per diluted share loss for the previous quarter. for the quarter. Earnings, or “EBITDA adjusted to exclude special items, asset dispositions and foreign exchange losses”, was $28.9 million down on the $36.3 million for Q4 2022, leaving the company with an unrestricted cash balance of $198.4