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Air Methods Reports 3Q15 Results EXHIBIT 99.1 Air Methods Reports 3Q15 Results

The following excerpt is from the company's SEC filing.

Revenue Increases 12.4% Compared to Prior Year Period

EPS from Continuing Operations Increases 27.5% Compared to Prior Year Period

DENVER, Nov. 5, 2015 (GLOBE NEWSWIRE) -- Air Methods Corporation (Nasdaq:AIRM), the global leader in air medical transportation, today reported financial results for the quarter ended September 30, 2015.

Q3-2015

Q3-2014

Change (%)

9-Months

Ending

9/30/14

Revenue

$311.3

million

$276.9

12.4%

$813.2

$755.6

7.6%

Diluted EPS from

Continuing Operations

$1.16

$0.91

27.5%

$2.17

$1.96

10.7%

Aaron Todd, CEO of Air Methods, stated, "We are very pleased with our third quarter results, which exceeded expectations. Same-base transports in the Air Medical Services division increased 2.4%. When coupled with the addition of fourteen new bases since the third quarter of 2014 from both Greenfields and base conversions, total patient transports increased 9.7%. The Company's tourism business also performed well. The number of passengers grew 6.9% year-over-year and bottom-line results increased 47.4% aided by lower fuel and maintenance costs. Primarily as a result of these factors, the Company's quarterly diluted EPS from continuing operations grew 27.5% year-over-year. With the conversion of eight more hospital bases in early October, our momentum remains strong."

Third quarter 2015 results include a $2.6 million pre-tax loss related to the disposition of assets. This compares to a pre-tax gain of $0.2 million in the prior-year quarter.

Basic and diluted earnings per share from continuing operations for the quarter and nine months ended September 30, 2015 were decreased by $0.02 for an adjustment to the value of equity put options related to both of our redeemable non-controlling interests in our consolidated subsidiaries. While net income on the consolidated statement of comprehensive income was not decreased for the valuation adjustment, earnings per share are required to be calculated after decreasing net income for the change in valuation. For the prior year three and nine-month period, basic and diluted earnings per share increased by $0.05 for the same type of adjustment.

Third Quarter Performance by Segment

For the third quarter, Air Medical Services (AMS) revenue increased by 12.7% to $266.8 million, compared with $236.7 million in the prior-year quarter, while its segment net income increased 34.6% to $85.9 million, compared to $63.8 million for the third quarter of 2014. Community-based patient transports were 17,330 during the current-year quarter, compared with 15,796 in the prior-year quarter, a 9.7% increase. Patients transported for community bases in operation greater than one year (Same-Base Transports) increased 2.4%, or 367 transports, while weather cancellations for these same bases increased by 53 transports compared with the prior-year period. Same-base requests for community-based service increased 3.6%. Net revenue per community-based transport increased 7.2% from $11,972 to $12,839 in the current-year quarter. AMS maintenance expense was flat in the current-year quarter, compared with the prior-year quarter despite total flight volume increasing 5.7%. AMS fuel expense decreased $0.9 million compared with the prior-year quarter, while fuel expense per flight hour decreased 22.3%.

Tourism revenues increased 6.7% to $36.2 million in the current-year quarter, compared to $33.9 million in the prior-year quarter. Tourism segment net income increased 47.4% to $4.9 million compared with $3.3 million in the prior-year quarter. Total passengers increased 6.9% to 134,157 during the current-year quarter, compared with 125,515 in the prior year quarter. Tourism maintenance expense decreased $0.6 million or 8.3% in the current-year quarter, compared with the prior-year quarter despite total flight volume increasing 3.9%. Tourism fuel expense per flight hour decreased 37.8%.

United Rotorcraft's external revenue increased 36.2% to $8.4 million, compared to $6.2 million in the prior-year quarter...


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