TSX:CHR - Post Discussion
Post by
60PlusWhoCares on Apr 08, 2024 8:20am
Well-positioned for growth
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.
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