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Chorus Aviation Inc
Previous close
$3.34
Day range
$3.28 - $3.34
Year range
$1.99 - $3.43
Market cap
615.79M CAD
Avg Volume
385.67K
P/E ratio
-
Dividend yield
-
Primary exchange
TSE
In the news
Financials
Income Statement
Revenue
Net income
(CAD) | Sep 2024info | Y/Y change |
---|---|---|
Revenue | 341.99M | -9.50% |
Operating expense | 71.03M | -2.94% |
Net income | 19.76M | 19.08% |
Net profit margin | 5.78 | 31.66% |
Earnings per share | 0.06 | 0.00% |
EBITDA | 53.56M | -38.95% |
Effective tax rate | 18.66% | — |
Balance Sheet
Total assets
Total liabilities
(CAD) | Sep 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 23.67M | -74.94% |
Total assets | 3.48B | -11.13% |
Total liabilities | 2.83B | 7.87% |
Total equity | 645.51M | — |
Shares outstanding | 191.11M | — |
Price to book | 1.15 | — |
Return on assets | 1.91% | — |
Return on capital | 4.33% | — |
Cash Flow
Net change in cash
(CAD) | Sep 2024info | Y/Y change |
---|---|---|
Net income | 19.76M | 19.08% |
Cash from operations | 52.58M | -68.00% |
Cash from investing | 32.04M | 216.49% |
Cash from financing | -76.69M | 56.07% |
Net change in cash | 6.04M | 65.46% |
Free cash flow | 505.28M | 365.55% |
About
Chorus Aviation is a Canadian holding company which owns regional airlines Jazz Aviation LP and Voyageur Airways as well as lessor Chorus Aviation Capital.
It was founded in 2006 as Jazz Air Income Fund, when then parent company ACE Aviation Holdings divested part of its interests in their regional airline business in an IPO. In 2008, ACE Aviation Holdings sold its remaining participation in the company. In 2011, it became a public corporation and changed its name to Chorus aviation, due to a change in Canadian tax laws which removed tax advantages for income funds, such changes prompting other income funds to restructure similarly.
In February 2011, Chorus reported that revenues had improved and that it had invested in the Uruguayan airline Pluna. After excessive losses, Pluna was shut down by the Uruguayan government on 5 July 2012, and Pluna's entire fleet was auctioned off on 1 October 2012.
Chorus aviation also acquired air charter company Voyageur Airways in 2015. Voyageur Airways provides chartered aircraft to the United Nations in support of various programmes in Africa. Wikipedia
Founded
Feb 2, 2006
Headquarters
Website
Employees
4,503