Scotland business

Helicopter firm Bristow sees earnings fall

Bristow Helicopter Image copyright Bristow Helicopters

A North Sea helicopter operator has seen earnings from the oil and gas industry fall by more by more than a quarter.

Bristow Helicopters saw its overall revenue for the three months to the end of June fall from $440m (£335m) to $356m (£271m), a 19% drop compared to the same period last year.

Earnings specifically via the offshore industry fell 27%.

Bristow said it was partially offset by its UK search and rescue contract.

The company said: "Our June 2016 quarter results reflect the challenging oil and gas industry conditions that continue to negatively affect offshore activity."

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