Welcome to our dedicated page for Bristow Group news (Ticker: VTOL), a resource for investors and traders seeking the latest updates and insights on Bristow Group stock.
Bristow Group Inc. (NYSE: VTOL) is described by the company as a leading global provider of vertical flight solutions, with aviation services focused on offshore energy companies and government entities. The VTOL news feed on Stock Titan aggregates company-issued press releases, financial updates and other coverage related to Bristow’s operations in nonscheduled chartered passenger air transportation.
According to Bristow’s own announcements, investors can expect regular earnings news, including quarterly results, segment performance for Offshore Energy Services, Government Services and Other Services, and updates to financial outlook ranges. These releases often discuss revenue trends, adjusted EBITDA, capital allocation actions and liquidity metrics.
The company also issues capital markets and financing news, such as the pricing and commencement of senior secured note offerings and related plans to redeem existing notes. These items describe the structure of Bristow’s secured notes, collateral consisting of helicopters and other assets, and intended use of proceeds, including satisfaction and discharge of earlier debt.
Bristow’s news flow further includes operational and strategic updates tied to advanced air mobility and sustainable aviation initiatives. Examples in recent releases include participation in Norway’s Test Arena for Zero & Low Emission Aviation and collaboration on planned electric air taxi routes in the United Kingdom, where Bristow’s operational experience and air operator certificates are highlighted.
In addition, Bristow publishes investor relations announcements about upcoming earnings calls and participation in investor conferences. For followers of VTOL, this news page offers a centralized view of the company’s financial disclosures, financing actions and aviation project milestones. Users interested in offshore energy aviation, government SAR contracts or emerging electric and advanced air mobility projects can monitor this feed for new developments.
Bristow Group Inc. (NYSE: VTOL) successfully completed an offshore revenue flight using sustainable aviation fuel (SAF) on December 10, 2021. This milestone marks one of the first SAF-powered flights in the UK Continental Shelf, flying from Aberdeen to bp-operated installations. As part of a strategic partnership with Air bp, Bristow aims to offer SAF as an option to clients in the future. The initiative is part of Bristow's broader efforts to reduce carbon emissions, including using electric-powered ground support and advancing sustainable aviation solutions.
Bristow Group reported total revenues of $301.6 million in Q2 FY22, up from $300.6 million in Q1 FY22. The net income was $2.8 million or $0.10 per diluted share, reversing from a net loss of $14.2 million in the prior quarter. Adjusted EBITDA rose to $44.5 million compared to $40.0 million in Q1. Despite challenges from Hurricane Ida and pandemic-related impacts, total liquidity stands at $287.6 million. The company repurchased 547,596 shares for $14.9 million.
Bristow Group Inc. (NYSE: VTOL) will release its second quarter fiscal year 2022 financial results on November 3, 2021, after market close. A conference call is scheduled for November 4, 2021, at 10 a.m. ET. Investors can join by calling 866-575-6539 domestically or +1 856-344-9299 internationally. A replay will be available until November 17, 2021. The investor presentation will be accessible on their website on November 4.
Bristow Group (NYSE: VTOL), a leader in vertical flight solutions, will present virtually at the Deutsche Bank Leveraged Finance Conference on October 5, 2021. The presentation will feature CEO Chris Bradshaw and CFO Jennifer Whalen at 9 a.m. ET, followed by investor meetings. An investor presentation will be accessible on Bristow's website on the same date. Bristow provides aviation services to major energy companies and public sector search and rescue operations in the U.K. and various other countries.
Bristow Group (NYSE: VTOL) and Eve Urban Air Mobility, an Embraer entity, announced a strategic partnership to develop an Air Operator's Certificate for Eve's electric vertical takeoff and landing (eVTOL) aircraft. The collaboration aims to create a comprehensive Urban Air Mobility operating model, leveraging Bristow's extensive experience in transportation. As part of this agreement, Bristow has ordered up to 100 eVTOLs, with deliveries expected to commence in 2026. Both companies will focus on vehicle design, regulatory development, and integration with air traffic management systems.
Bristow Group Inc. (NYSE: VTOL) and Vertical Aerospace Group Ltd have signed a Memorandum of Understanding to collaborate on the certification and operational planning for eVTOL aircraft. Bristow has placed a pre-order for 25 aircraft, with an option for 25 more, contributing to Vertical's total pre-orders exceeding 1,000 aircraft. The VA-X4 model will feature speeds of 200 mph and zero emissions. This partnership enhances Bristow's market position in vertical transportation and aims to offer advanced regional air mobility solutions.
Bristow Group Inc. (NYSE: VTOL), a leader in vertical flight solutions, will conduct a virtual presentation at the Barclays CEO Energy-Power Conference on September 10, 2021, at 8:35 a.m. ET. CEO Chris Bradshaw and CFO Jennifer Whalen will present and participate in investor meetings during the event. An investor presentation will be available on Bristow's website on the same date. Bristow offers aviation services to major energy companies and conducts search and rescue operations in various countries.
Bristow Group Inc. (NYSE: VTOL) has signed a Memorandum of Understanding with Electra.aero to develop hybrid-electric short take-off and landing (eSTOL) aircraft. These aircraft will be capable of carrying 1,800 pounds of cargo or 5-7 passengers over distances of up to 500 nautical miles, utilizing minimal runway space (300x100 ft). Bristow will leverage its 70+ years of transport expertise to assist in design, development, and certification processes for the new aircraft. A total of 50 low-emission aircraft are expected to be delivered to Bristow for new middle-mile logistics operations.
Bristow Group Inc. (NYSE: VTOL) reported a net loss of $14.2 million or $0.50 per diluted share for the fiscal first quarter ended June 30, 2021, an improvement from a loss of $42.6 million in the previous quarter. Operating revenues increased to $288.4 million, up from $281.5 million. Adjusted EBITDA rose to $40.0 million, marking a significant improvement from $30.5 million in the prior quarter. Operating expenses decreased by $3.8 million, but impairment losses and rising fuel costs remain concerns.
Bristow Group Inc. (NYSE: VTOL) will release its financial results for Q1 fiscal year 2022 on August 4, 2021, after market close. A conference call is scheduled for August 5, 2021, at 10 a.m. ET. Investors can join by calling 800-353-6461 domestically or +1 334-323-0501 internationally. An investor presentation will also be available on the company’s website on August 5, 2021. Bristow is a leading provider of vertical flight solutions, serving various energy companies and offering search and rescue services globally.