Saker gets off to a flying start

Saker Aviation Services, which operates in the aviation services segment and serves as the operator of a heliport, an FBO and acts as a consultant for a seaplane base, has announced its financial results for the three months ended March 31, 2016.

Revenues and operating income for the three months totaled US$2,967,080 and US$373,078 respectively; these figures are up by 19.3% and 341.5%, compared to figures taken for the same period last year. A 17.6% upturn in total fuel gallons offset lower average fuel costs, which led to lower average fuel prices charged: this had the effect of driving fuel sales revenue up 9.9%. A corresponding increase in services and supply items contributed to the 19.3% rise in total revenues.

Commenting on the results, company President Ron Ricciardi said that it was an excellent beginning to the year, with double-digit increases in revenue and triple-digit improvement to operating income.