Saker Aviation Services, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 16, 2020 at 03:50 pm EST
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Saker Aviation Services, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 720,787 compared to USD 3.383 million a year ago. Operating loss was USD 508,380 compared to operating Income of USD 419,055 a year ago. Net income was USD 6,364 compared to USD 277,882 a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.28 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to USD 0.27 a year ago. For the nine months, sales was USD 2.833 million compared to USD 8.618 million a year ago. Operating loss was USD 1.089 million compared to operating Income of USD 819,191 a year ago. Net loss was USD 844,711 compared to net income of USD 556,407 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 0.55 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. 
