Atlantic AviationAtlantic Aviation owns and operates a network of fixed-base operations (FBO) that primarily provide fuel, terminal services and aircraft hangar services to owners and operators of general aviation (GA) aircraft at 63 airports in the US. The network is one of the largest in the US air transportation industry. In 2012 compared with the prior comparable periods in 2011:
- GA fuel-related gross profit increased 5.4% and 5.3% for the third quarter and nine months ended September 30, 2012, respectively; on a same store basis, total fuel-related gross profit increased 4.0% and 3.3% for the quarter and year to date periods;
- GA fuel-related gross profit improvement was partially offset by declines in non-GA and non-fuel gross profit – in particular, de-icing gross profit for the nine months ended September 30, 2012 declined 67.3% compared with the same period in 2011 as a result of the unseasonably mild winter in the northeast and central U.S. in 2012; and,
- EBITDA excluding non-cash items increased 3.9% and 5.9% for the third quarter and nine months ended September 30, 2012, respectively; on a same store basis, EBITDA excluding non-cash items increased 8.3% and 6.8% for the quarter and year to date periods.