Chorus Aviation Inc.

CHR

CA17040T3001

Airlines

Market Closed - Toronto S.E. Other stock markets 16:00:00 2024-05-17 EDT			5-day change	1st Jan Change
2.21 ^CAD	+0.45%		-0.45%	-13.67%

05-07	Transcript : Chorus Aviation Inc., Q1 2024 Earnings Call, May 07, 2024
05-06	Chorus Aviation Brief: Adds, At Its Current Market Price, Intends to Continue to Utilize Its NCIB	MT

Chorus Aviation Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024

May 06, 2024 at 05:03 pm

Chorus Aviation Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CAD 426.18 million compared to CAD 415.25 million a year ago. Net income was CAD 8.82 million compared to CAD 31.53 million a year ago.

Latest news about Chorus Aviation Inc.

Transcript : Chorus Aviation Inc., Q1 2024 Earnings Call, May 07, 2024	05-07
Chorus Aviation Brief: Adds, At Its Current Market Price, Intends to Continue to Utilize Its NCIB	05-06	MT
Chorus Aviation Brief: "As such, we have been working hard for several months to explore options to accelerate the monetization of the asset value in our leasing business"	05-06	MT
Chorus Aviation Brief: Acknowledges Pace of transitioning Its leasing business to an asset light model "Has Been Slow"	05-06	MT
Chorus Aviation Brief: Says Expects continued strong cash generation and Lifting 2024 guidance for consolidated Adjusted EBITDA and Free Cash Flow, as well as Majority of guidance for RAL, including net proceeds from asset sales	05-06	MT
Chorus Aviation Brief: Says Achieved first quarter targets, increases guidance	05-06	MT
Chorus Aviation Brief: Q1 Adjusted Earnings available to Common Shareholders of $0.06 per Common Share, basic, compared to $0.11 for Q1 2023	05-06	MT
Chorus Aviation Brief: Q1 Adjusted Earnings available to Common Shareholders of $11.8 million, compared to $21.5 million for Q1 2023	05-06	MT
Tranche Update on Chorus Aviation Inc.'s Equity Buyback Plan announced on November 8, 2023.	05-06	CI
Chorus Aviation Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	05-06	CI
Deutsche Bank Downgrades Chorus Aviation to Hold, Cuts Target to $2.40	02-28	MT
Transcript : Chorus Aviation Inc., Q4 2023 Earnings Call, Feb 23, 2024	02-23
North American Morning Briefing : S&P 500 Futures Ease From Nvidia-Inspired Record High	02-23	DJ
Tranche Update on Chorus Aviation Inc.'s Equity Buyback Plan announced on November 8, 2023.	02-22	CI
Tranche Update on Chorus Aviation Inc.'s Equity Buyback Plan announced on November 9, 2022.	02-22	CI
Chorus Aviation Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	02-22	CI
Chorus Aviation Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	02-22	CI
North American Morning Briefing : Nvidia Ignites Global Tech Shares	02-22	DJ
National Bank Outlines Expectations for Transportation/Industrials Coverage Universe for 2024	01-16	MT
Chorus Aviation Maintained at Outperform at BMO; Price Target Cut to C$4.15	12-22	MT
Jazz Conferred With Indigenous Reconciliation Award from Government of Canada	11-23	MT
Toronto Stocks Slide; Flow Beverage Shares Rises on Manufacturing Deal With BeatBox	11-16	DJ
Canada's Department of National Defence Awards Contract to Voyageur Aviation for Upgrades to CT-142 Fleet	11-16	MT
Chorus Aviation Brief: Says Voyageur Aviation Corp. Awarded Contract to Upgrade Canada's Department of National Defence CT-142 Fleet	11-16	MT
Chorus Aviation Target Cut To C$3.50 From $4, But Keeps Outperform Rating	11-13	MT

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Company Profile

Chorus Aviation Inc. is a global aviation solutions provider and asset manager, focused on regional aviation. The Companyâs primary business activities include contract flying, aircraft leasing, managing aircraft on behalf of fund investors and other third-party aircraft investors and/or owners, as well as maintenance, repair and overhaul services and pilot training. The Company operates through two segments: Regional Aviation Services and Regional Aircraft Leasing. Its subsidiaries include Falko Regional Aircraft, a pure play regional aircraft asset manager and lessor, and managing investments on behalf of third-party fund investors; Jazz Aviation, a regional airline in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a provider of specialty charter, aircraft modifications, parts provisioning and in-service support services, and Cygnet Aviation Academy, an accredited training academy preparing pilots for direct entry into airlines.

Sector

Airlines

Calendar

2024-06-26 - Annual General Meeting

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Ratings for Chorus Aviation Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2.21 CAD

Average target price

3.017 CAD

Spread / Average Target

+36.50%

Consensus

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Quarterly earnings - Rate of surprise

Company calendar

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