Saker Aviation Services, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 14, 2020 at 03:48 pm
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Saker Aviation Services, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 438,632 compared to USD 3.162 million a year ago. Operating loss was USD 480,093 compared to operating Income of USD 342,557 a year ago. Net loss was USD 754,935 compared to net income of USD 226,189 a year ago. Basic loss per share from continuing operations was USD 0.74 compared to basic earnings per share from continuing operations of USD 0.22 a year ago. Diluted loss per share from continuing operations was USD 0.73 compared to diluted earnings per share from continuing operations of USD 0.22 a year ago. For the half year, sales was USD 2.112 million compared to USD 5.235 million a year ago. Operating loss was USD 581,580 compared to operating Income of USD 400,136 a year ago. Net loss was USD 851,075 compared to net income of USD 278,525 a year ago. Basic loss per share from continuing operations was USD 0.83 compared to basic earnings per share from continuing operations of USD 0.27 a year ago. Diluted loss per share from continuing operations was USD 0.82 compared to diluted earnings per share from continuing operations of USD 0.27 a year ago.
Saker Aviation Services, Inc., through its subsidiary, operates in the aviation services segment of the general aviation industry, in which it serves as the operator of a heliport. The Companyâs business activities are carried out as the operator of the Downtown Manhattan (New York) Heliport. Its business activities are carried out by FirstFlight Heliports, LLC, its wholly owned subsidiary. Its other subsidiary is FBO Air Garden City, Inc.
SAKER AVIATION SERVICES, INC. 
