Priority Aviation Inc (PJET)

[L_Rab]

For the three months ending March 31, 2015, the Company reported total gross aviation related revenues of $1.75 million, as compared to $1.71 million for the same period in 2014. The Company further reported that gross margins doubled from 12% to 24%.

The Company also reported that it had completed restructuring its model for operating costs including a new advertising and promotional methodology, resulting in such advertising and promotional costs being reduced by over 60% over the first quarter of 2014.