                                                                    EXHIBIT 99.1
[GRAPHIC  OMITTED]
Air Methods
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                                              The #1 Airborne Healthcare Company

                       AIR METHODS REPORTS 2Q2005 RESULTS
   Company Earns $0.30 of Basic EPS, Inclusive of $0.17 Per Share Loss on Early
                             Extinguishment of Debt

DENVER,  CO.,  August 9, 2005 -- Air Methods Corporation (NASDAQ: AIRM) reported
results  for  the  quarter  ended June 30, 2005.  Revenue increased 18% to $87.7
million  from  $74.3 million in the year-ago quarter.  For the six-month period,
revenue  increased  15%  to  $156.2  million,  up  from  $135.9  million  in the
prior-year  six-month  period.

For  the  quarter, net income increased 32% to $3.3 million ($0.30 per basic and
$0.29  per diluted share) as compared with prior-year quarter net income of $2.5
million  ($0.23  per  basic  and  $0.22  per diluted share).  Net income for the
six-month  period was $2.9 million ($0.26 per basic and $0.25 per diluted share)
compared  to $10.6 million ($0.97 per basic and $0.94 per diluted share) for the
prior-year  six-month  period.  The  current  year  quarter and six-month period
includes  a  loss  on  early  extinguishment  of debt of $3.1 million before the
effect  of  income  taxes.  Net of income taxes, this loss reduced quarterly and
six-month  net income by $1.9 million, or $0.17 per basic share.  By refinancing
its  $23  million  in  subordinated  notes,  the  Company  reduced its effective
interest  rate  by  over  9%,  based on current rates.  The prior-year six-month
period  results  include a first quarter increase to net income of $8.6 million,
or  $0.79 per basic and $0.76 per diluted share, from the cumulative effect of a
change  in  accounting  principle,  net of tax effect.  Income before cumulative
effect  of  change  in accounting principle was $2.0 million, or $0.18 per basic
and  diluted  share,  for  the  prior-year  six-month  period.

SECOND  QUARTER  HIGHLIGHTS

Community-Based  Operations:  Revenue  from community-based operations increased
19%  to  $60.6  million,  and  segment  net income increased 80% to $7.9 million
during  the  second  quarter,  as  compared  with  the  prior-year quarter.  The
increase  in  segment  net  income  was primarily attributed to increases in net
revenue after bad debt expense per transport, which increased from $4,414 in the
prior-year quarter to $5,221 in the current quarter.  Net revenue after bad debt
expense per transport was $5,122 during the first quarter of 2005.  The increase
in  net reimbursement was attributed to price increases and improved billing and
collection  processes.  Community-based  transports  completed during the second
quarter  were  8,560  as  compared  with  8,010  in  the  prior-year  quarter.
Community-based  transports  for  bases  in  operation  greater  than  one  year
(Same-Base  Transports)  increased  by  47,  or  less  than  1%,  while  weather
cancellations  for  bases in operation greater than one year decreased by 53, or
4%,  from  the  prior-year  quarter.

Hospital-Based  Operations:  Revenue from hospital-based operations increased by
15%  to  $25.3  million  and  segment  net income increased 136% to $2.8 million
during  the  second  quarter  as  compared  with  the prior-year quarter.  These
increases  were  primarily  attributed  to  decreases  in  maintenance  expenses
relative  to  flight  fees.  Divisional  maintenance  expense  decreased  by
approximately  1%,  while  divisional  flight  fees increased by about 20%.  The
division  also  benefited  from net contribution associated with $1.8 million in
increased  quarterly  revenue  from  new  operating bases begun either during or
subsequent  to  the  prior-year  second  quarter.

Products Division:  Revenue, including revenue generated from internal projects,
increased  11%  to  $3.5  million, while segment net income remained constant at
$0.8  million during the second quarter as compared with the prior-year quarter.
Segment  net  income  did  not  increase  in proportion to revenue growth due to
changes  in  product  mix  which  reduced  the  overall  margin  percentage.

Aaron  Todd, Chief Executive Officer, stated, "We are obviously pleased with our
strong  financial  performance.  We  are  especially  pleased  to have generated
healthy  top-line  and  bottom-line  growth  from both services divisions.  Base
expansion,  moderate  weather  and  on-budget maintenance expenses have combined
with  significantly  improved  net reimbursement per transport to generate these
strong  quarterly  results.  We  remain very optimistic that our goal to achieve
strong  year-over-year  financial  results  is  well  within  reach."


<PAGE>
"We  are  happy  to  report that our third quarter has begun with healthy flight
volume  in July.  Same-Base Transports for community-based operations during the
month  were  5%  higher  than  July  2004, despite higher weather-related flight
cancellations which increased 23% over the prior-year month.  July flight volume
exceeded  June  volume  by  158  transports,  even  though flights missed due to
weather  were  132  higher  than  in  June.  We  believe this indicates that our
efforts to improve utilization at our existing operating bases through marketing
and outreach programs are leading to positive results.  Additionally, we believe
that interest savings from our refinancing of the subordinated notes should also
contribute  to  improved overall performance during the remainder of 2005," said
Todd.

The  Company  will discuss these results in a conference call scheduled today at
4:15  p.m.  Eastern.  Interested  parties  can  access the call by dialing (888)
396-5640  (domestic)  or  (706) 643-0580 (international) or by accessing the web
cast  at  www.airmethods.com.  A  replay  of the call will be available at (800)
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642-1687  (domestic)  or  (706) 645-9291 (international), access number 8227358,
for  3  days  following  the  call;  and  the  web  cast  can  be  accessed  at
www.airmethods.com  for  30  days.
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Air  Methods  Corporation  (www.airmethods.com)  is  a  leader  in  emergency
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aeromedical  transportation,  medical  services and technology.  The Air Medical
Services  Division is the largest provider of air medical transport services for
hospitals.  The  LifeNet Division is the largest community-based provider of air
medical  services.  The  Products  Division  specializes  in  the  design  and
manufacture  of  aeromedical  and  aerospace technology.  The Company's fleet of
owned,  leased  or  maintained  aircraft features over 190 helicopters and fixed
wing  aircraft.

                                [GRAPHIC OMITTED]
                                      AIRM
                                     NASDAQ
                                     LISTED

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FORWARD  LOOKING  STATEMENTS: This news release includes certain forward-looking
statements, which are subject to various risks and uncertainties. Actual results
could  differ  materially  from  those  currently anticipated due to a number of
factors,  including  but  not  limited  to the size, structure and growth of the
Company's  air  medical  services and products markets; the collection rates for
patient  transports;  the  continuation  and/or  renewal  of air medical service
contracts;  the  acquisition of profitable Products Division contracts and other
flight  service  operations;  the  successful  expansion  of the community-based
operations; and other matters set forth in the Company's public filings.
--------------------------------------------------------------------------------


CONTACTS:  Aaron  D. Todd, Chief Executive Officer, (303) 792-7413 or Joe Dorame
at  The  RCG  Group at (480) 675-0400.  Please contact Christine Clarke at (303)
792-7579  to  be  included  on  the  Company's  fax  and/or  mailing  list.

                       ---FINANCIAL STATEMENTS ATTACHED---


<PAGE>
<TABLE>
<CAPTION>
                    AIR METHODS CORPORATION AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEET
                             (Amounts in thousands)



                                              June 30, 2005   December 31, 2004
                                              --------------  -----------------
<S>                                           <C>             <C>

ASSETS
------

Current assets:
Cash and cash equivalents                     $        7,840              2,603
Trade receivables, net                                71,107             63,178
Other current assets                                  16,095             25,222
                                              --------------  -----------------
Total current assets                                  95,042             91,003

Net equipment and leasehold improvements              94,541             96,752
Other assets, net                                     15,764             16,968
                                              --------------  -----------------
Total assets                                  $      205,347            204,723
                                              ==============  =================

LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------

Current liabilities:
Notes payable and other indebtedness          $        9,802             11,556
Accounts payable, accrued expenses and other          28,610             30,598
                                              --------------  -----------------

Total current liabilities                             38,412             42,154

Long-term indebtedness                                69,637             72,942
Other non-current liabilities                         21,197             16,548
                                              --------------  -----------------

Total liabilities                                    129,246            131,644

Total stockholders' equity                            76,101             73,079
                                              --------------  -----------------

Total liabilities and stockholders' equity    $      205,347            204,723
                                              ==============  =================
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                                     AIR METHODS CORPORATION AND SUBSIDIARIES
                                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                            (Amounts in thousands, except share and per share amounts)


                                                                Three Months Ended          Six Months Ended
                                                                      June 30,                   June 30,
                                                                  2005         2004         2005         2004
                                                              -------------------------  ------------------------
<S>                                                           <C>           <C>          <C>          <C>
Revenue:
Flight operations                                             $    85,865       72,861      152,823      132,438
Product operations                                                  1,820        1,394        3,370        3,451
                                                              -------------------------  ------------------------
Total revenue                                                      87,685       74,255      156,193      135,889
                                                              -------------------------  ------------------------

Expenses:
Operating expenses                                                 65,503       57,614      121,566      108,140
General and administrative                                          9,065        7,991       17,828       15,513
Depreciation and amortization                                       2,971        2,734        5,868        5,411
                                                              -------------------------  ------------------------
                                                                   77,539       68,339      145,262      129,064
                                                              -------------------------  ------------------------

Operating income                                                   10,146        5,916       10,931        6,825

Interest expense                                                   (1,525)      (2,033)      (3,418)      (4,120)
Loss on early extinguishment of debt                               (3,104)           -       (3,104)           -
Other, net                                                            (40)         277          333          563
                                                              -------------------------  ------------------------

Income before income taxes                                          5,477        4,160        4,742        3,268

Income tax expense                                                 (2,153)      (1,642)      (1,886)      (1,294)
                                                              -------------------------  ------------------------

Income before cumulative effect of change in accounting
principle                                                           3,324        2,518        2,856        1,974

Cumulative effect of change in accounting principle, net                -            -            -        8,595
                                                              -------------------------  ------------------------

Net income                                                    $     3,324        2,518        2,856       10,569
                                                              =========================  ========================

Income per common share - basic:
    Income before cumulative effect of change in
      accounting principle                                    $      0.30         0.23         0.26         0.18
    Cumulative effect of change in accounting principle, net            -            -            -         0.79
                                                              -------------------------  ------------------------
    Net income                                                $      0.30         0.23         0.26         0.97
                                                              =========================  ========================

Income per common share - diluted:
    Income before cumulative effect of change in
      accounting principle                                    $      0.29         0.22         0.25         0.18
    Cumulative effect of change in accounting principle, net            -            -            -         0.76
                                                              -------------------------  ------------------------
    Net income                                                $      0.29         0.22         0.25         0.94
                                                              =========================  ========================

Weighted average common shares outstanding:
    Basic                                                      11,029,421   10,867,002   11,013,912   10,849,728
    Diluted                                                    11,519,944   11,264,313   11,511,675   11,260,892
</TABLE>
