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3 of 3 Premium Clicks used this month SUBSCRIBE Print + Online Subscriber Activation | Register x Forgot Password | Need an Account? e-edition | subscribe | newsletter | deals Home News Latest Stories Bus route in Talent will move to Highway 99 Golden gears Emergency services, Feb. 28 Medford considering leasing space to Family Nurturing Center Police looking for possible additional victims in Ashland rape cases Crime, Courts and Emergency Services Emergency services, Feb. 28 Police looking for possible additional victims in Ashland rape cases Police urge caution after men enter home Man jailed on 32 sex abuse charges Emergency services Politics and Elections Judge upholds Phoenix's moratorium on medical marijuana dispensaries Ballots on Jackson County marijuana tax go out Friday Brown's inauguration brings hope to local lawmakers Kate Brown sworn in as Oregon's 38th governor Gov. Kitzhaber steps down, federal investigation begins Education MSD considers adding a health center at one of the city's high schools Absenteeism in Oregon schools prompts bill that would tie funding to attendance, not enrollment Territorial Seed contribution a boost for SOU food program 200-plus Jackson County students miss vaccination deadline Medford, Ashland districts fall short of anti-bullying standards Environment Lost Creek Lake algae bloom subsides Lost Creek Lake logjam could become hazard for boaters Made in the Shade Controlled burn planned for Ashland watershed on Friday Coho salmon road trip State News Bill to dissolve Cover Oregon heads to Governor Brown Oregon official says he was questioned by FBI, IRS Hayes wants her private emails protected Oregon Senate votes unanimously to outlaw 'revenge porn' Judge: Oracle must host Oregon's Medicaid system Nation - World Obituaries Death Notices Pamela Sue Banuelos Judith Ann Miller Rita Launa Stitt Ursula E. 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Michelle Teheux: Will we keep heading down the wrong path? Kathleen Parker: Twitter as America's conscience Guest Opinions Guest Opinion: Predatory banking practices bilk citizens Guest Opinion: Is less education the answer? Guest Opinion: Bill would shore up legal aid funding Guest Opinion: Weed killers should not be sprayed on streams, homes Guest Opinion: Understanding Wes Cooley Lifestyle Latest stories What's there to do on the Oregon Coast? Ride & Drive: 2015 Audi R8 'She Stoops' rises on SOU stage Winging it Community blog: Support local CSA farms by signing up Saturday Food Community blog: Support local CSA farms by signing up Saturday Joanna McQuillan Weeks: Cheeseburger pie is the perfect winter comfort food Page H. Onorato: Hot dogs I have known and loved Season Stepp: Tips for roasting vegetables Tammy Kelly: Here’s to healthier Mex! 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Hiking Biking Faith Religion briefs, Feb. 27 Religion briefs: Friday, Feb. 20 Religion News: Pope makes surprise shantytown visit Religion briefs: Friday, Feb. 13 RELIGION BRIEFS, Feb. 6 Milestones and Achievements Anniversary: Hofer New arrivals: Sunday, Feb. 8 Columnist for a Day Rogue Healthy Aging Tempo Latest stories Live Music in Local Clubs HAPA plays the Historic Ashland Armory An all-new Rising Stars music competition kicks off this weekend Ronny Cox plays the Unitarian Fellowship SOU presents 'She Stoops to Conquer' Theater 'She Stoops' rises on SOU stage SOU presents 'She Stoops to Conquer' 'The Glass Menagerie' is polished and professional OSF kicks off its 2015 season SOU presents 'The Glass Menagerie' Music Rogue Valley Symphony showcases Anton Bruckner and Richard Wagner Live Music in Local Clubs HAPA plays the Historic Ashland Armory An all-new Rising Stars music competition kicks off this weekend Ronny Cox plays the Unitarian Fellowship Community Events Third Fridays showcases local artists Southern Oregon Rod and Custom Show Ashland's First Friday Art Walk showcases new exhibits by regional artists Jacksonville celebrates Chinese New Year Dining Great Outdoor Grill offers healthful options Restaurant Inspections: Sunday, Feb. 22, 2015 Saigon Xich Lo Vietnamese cuisine The zwickels shall flow Soo Rah Korean Cuisine Tempo Videos Classifieds Jobs Autos Real Estate FEATURED » Obits Blogs TV Listings Movie Listings Oregon Outdoors Oregon Healthy Living Magazines/Special Sections Business Services NEWS NOW Bus route in Talent will move to Highway 99 ... Police looking for possible additional victims in Ashland rape cases ... Police urge caution after men enter home ... Bus route in Talent will move to Highway 99 ... Police looking for possible additional victims in Ashland rape cases ... Police urge caution after men enter home ... AVIATION Bad fourth quarter leads to 2014 loss for Erickson By Greg Stiles Mail Tribune MailTribune.com By Greg Stiles Mail Tribune Posted Feb. 25, 2015 @ 4:20 pm By Greg Stiles Mail Tribune Posted Feb. 25, 2015 @ 4:20 pm » Social News p bs:newslist StartDate="20121121" EndDate="p bs:datecalc Months="3"" DateSort="1" UseObjects="1" ObjectClass="81" Taxonomywords="2325,665" ExactTaxonomyMatch="1" Image="1" Count="4" --> Erickson's evolution from its heavy-lift aircrane niche into a diversified global aviation company was again buffeted by winds of change in the final three months of 2014. The company that built its reputation on the S-64 helicopter's logging, firefighting and utility capabilities prior to shifting its headquarters from Central Point to Portland in 2009 said Wednesday its fourth-quarter losses widened to $2.5 million, or 18 cents per share, on the heels of a $1.7 million loss, or 12 cents per share, a year earlier. Erickson reported a 21 percent revenue decline to $73.2 million from $92.5 million in the fourth quarter of 2013. The company said the end of several government military contracts resulted in a $14.8 million revenue decline in its government division. "We had respectable results in a challenging quarter," CEO Udo Rieder said in an afternoon conference call. "We were not at all satisfied." In addition to downsizing of U.S. military activity in the Middle East, diminished wildfire activity throughout the year and global oil and energy exploration stomping on the brakes, Erickson is saddled with $371.9 million in long-term debt. For all of 2014, Erickson saw an 8.9 percent revenue increase to $346.6 million, but the company lost $10.2 million after earning nearly $9.9 million in 2013. The company announced a major restructuring earlier this month, laying off 150 employees — primarily in Medford and Central Point. Erickson formed four divisions: Government, energy, commercial flight services, and manufacturing, maintenance, repair and overhaul (MRO). "The recently completed business reorganization provides for an increased focus on our end markets and additional investment in business development," Rieder said. "The reorganization enables us to better leverage our competitive strengths and enhance our leadership position. This completes the integration of the ... acquisitions (Evergreen Helicopters and Air Amazonia Serviços Aeronauticos Ltda., of Brazil) we made over the past 18 months. We've gone through the rougher part of transitioning, it doesn't change our strategy." Rieder said the company is poised expand operations when oil and gas exploration rebounds. Although company officials told analysts they didn't expect to see hiring on the horizon, they anticipate Jackson County operations will produce more revenue. A few days after the layoffs, Erickson announced a contract to provide parts and service work for 50 Bell 214 ST and 214 B helicopters.  The company is hoping MRO operations will produce as much as 20 percent of the company's revenue as it "gets more traction," Rieder said. "It's the smallest revenue segment, but we believe it will be the fastest growing in the next few years." Erickson shares slipped 26 cents to close at $6.96.    Reach reporter Greg Stiles at 541-776-4463 or  [email protected] . Follow him on Twitter at  www.twitter.com/GregMTBusiness , on Facebook at  https://www.facebook.com/greg.stiles.31 , and read his blog at  www.mailtribune.com/Economic Edge .     By Greg Stiles Mail Tribune MailTribune.com By Greg Stiles Mail Tribune Posted Feb. 25, 2015 @ 4:20 pm » Comment or view comments /* $( document ).ready(function() { // Jquery mobile is trying to style the button and leaving a blank gry button on top of a white button $("#viafouracoms .vf-comment-controls li.vf-right").html(' Submit '); });*/ » STAY INFORMED Email NewsLetter Sign Up Today Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. calendar Connect with MailTribune.com Facebook Twitter RSS Back to top Reader Services Reader Services Home Subscriptions Subscriber controls Contact us Submissions Photos Events Letters to the editor Corrections Announcements Obituaries Story ideas Since you asked Alerts Email Alerts RSS Feeds Text Alerts Advertise Media Kit Home Products and services Ad rates Advertising contacts Mail Tribune Daily Tidings The Nickel Shop Our Valley Blogs Stay Informed Email newsletter Sign Up Today Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. 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