Saker Aviation reports 2016 YTD operating income of USD1.3m

Saker Aviation Services, Inc. (SKAS) has reported operating income of USD1.3 million in the first nine months of 2016, compared to USD1.5 million in the same period of 2015, a decrease of 10.4 percent, the company said.

Revenue and operating income in the nine months ended September 30, 2016 of USD10,872,366 and USD1,348,252, respectively, were down 7.7 percent and 10.4 percent, respectively, as compared to revenue of USD11,774,659 and operating income of USD1,513,317 in the nine months ended September 30, 2015.

The company also reported adjusted EBITDA of USD1,764,465 for the nine months ended September 30, 2016, a decrease of USD428,558 or 19.5 percent as compared to adjusted EBITDA of USD2,193,023 in the nine months ended September 30, 2015.

Saker Aviation Services, Inc., through its subsidiaries, is an aviation services company specializing in ground-based services to the general aviation marketplace,