Chorus Aviation Inc T.CHR

Alternate Symbol(s): CHRRF | T.CHR.DB.B | T.CHR.DB.C | T.CHR.DB.A

Industrials Airlines

Chorus Aviation Inc. is a global aviation solutions provider and asset manager, focused on regional aviation. The Company’s primary business activities include contract flying, 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 Regional Aviation Services segment. The Company offers contracted flying services within North America and also provides medical, logistical and humanitarian flight operations to Canadian and international customers. Its subsidiaries include Jazz Aviation LP, a regional airline in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation Corp., 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.

TSX:CHR - Post by User

Chorus Aviation Inc

<< Previous

Bullboard Posts

Next >>

Post by 60PlusWhoCareson Apr 08, 2024 8:20am

225 Views

Post# 35976333

Well-positioned for growth

At $2.04 per share (-20.3% year to date), Chorus Aviation (TSX:CHR) trades at a bargain. The turnaround could come soon following the impressive financial results in Q4 and year-end 2023. For the year, operating revenue and net income increased 5.3% to $1.7 billion versus 2022, while net income soared 104.4% year over year to $106.1 million.

The $394.6 million holding company owns regional airlines Jazz Aviation LP and Voyageur Airways and Chorus Aviation Capital, a lessor in global aviation. Its President and CEO, Colin Copp, forecasts strong FCF in 2024 and notes that Chorus is well-positioned for growth.

<< Previous

Bullboard Posts

Next >>

Paramount Resources signs $3.32 billion asset sale