Saker Aviation Services reports USD7m revenue in 1st half 2016

Operating Income of $782,000 in 2016 down 10.7% Versus $876,000 in 2015

Saker Aviation Services, Inc. (SKAS) has reported USD7,031,568 in revenue in the first six months of 2016, today announced its financial results for the six months ended June 30, 2016, compared to revenue of USD7,044,851 for the first six months of 2015, the company said.

Operating income in the six months ended June 30, 2016 was USD782,368, compared to operating income of $876,261 in the six months ended June 30, 2015.

The company reported adjusted EBITDA1 of USD1,052,294 for the six months ended June 30, 2016, a decrease of USD163,504 or 13.4 percent as compared to adjusted EBITDA of USD1,215,798 in the six months ended June 30, 2015.

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