GMR Group Narrows 2026 Revenue Guidance Amid Safety Investigation
GMR Group (GMRS) has updated its financial outlook for fiscal year 2026, narrowing its projected revenue guidance to a range of $5.9 billion to $6.05 billion. Despite the tighter revenue window, the company maintained its adjusted EBITDA forecast between $1.135 billion and $1.195 billion. The update follows a recent rotor accident involving one of the company's assets. CEO Nicola Loporcaro confirmed that the company is cooperating fully with investigations being conducted by the Federal Aviation Administration (FAA) and the National Transportation Safety Board (NTSB). Management emphasized that safety remains a fundamental priority as they navigate the regulatory inquiries.