Saker Aviation Services, Inc. News

Saker Aviation Services, Inc. (SKAS), an aviation services company specializing in ground-based services to the general aviation marketplace, today announced its financial results for the three months ended March 31, 2018. “We had mixed results in the first quarter of 2018.” stated Ron Ricciardi, the Company’s President.  “Our revenue increased over last year, but a successful effort to address aged receivables at our New York operation led to approximately $140,000 in increased costs and, consequently, to a net loss that was greater than last year.  Excluding these collections, which positively impacted our balance sheet, would more accurately reflect the improvement in performance indicated by our growth in revenue.”  The Company’s agreement with New York City calls for payments to be made on the basis of the collection of gross receipts.  Collections on aged receivables drove higher fees to New York City in the current year as compared to prior year.

Saker Aviation Services logo Saker Aviation Services Inc. (OTCMKTS:SKAS) posted its quarterly earnings data on Tuesday, November 14th.
Saker Aviation Services Inc. (OTCMKTS:SKAS) Posts Earnings Results - StockNewsTimes
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Saker Aviation Services Inc. (OTCMKTS:SKAS) has been getting interest from investors after the stock price touched $0.13 at the conclusion of the most recent trade.

Saker Aviation Services Inc. (OTCMKTS:SKAS) has been in the news after the price of the stock hit $0.1485 at the conclusion of the most recent close.