09:51 AM EST - Discovery Air Inc. : announces improved results for its first quarter ended April 30, 2011. Revenues were $37.2 million for the quarter compared to $25.8 million for the quarter ended April 30, 2010, a 44% increase in a quarter historically subject to a seasonal softening in operations. As expected, the seasonality of the Corporation's business resulted in a loss for Q1/12 of $2.6 million or ($0.02) per share ($0.02 diluted loss), compared to a loss of $3.9 million or ($0.03) per share ($0.03 diluted loss) for the same period last year. Discovery Air Inc.
shares T.DA.A are trading down $0.005 at $0.45.
