RY 172.7 -0.1792% SHOP 152.38 -3.7762% TD 74.49 -0.4144% ENB 58.66 0.2906% BN 80.21 0.2124% TRI 235.76 -0.7034% CNQ 42.27 -1.3305% CP 102.81 -2.4851% CNR 145.02 -0.9426% BMO 139.15 0.5855% BNS 77.045 -0.149% CSU 4497.2998 0.6756% CM 92.23 -0.335% MFC 43.28 0.8858% ATD 79.0 -1.1882% NGT 53.35 -1.8038% TRP 65.26 0.215% SU 49.61 -1.411% WCN 251.65 -0.2181% L 191.14 0.1205%
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Higher costs dent Chorus Aviation’s (TSX: CHR) bottom line in H1FY24 as company slips into the red
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Highlights
Chorus Aviation Inc. (TSX: CHR) is a Canadian aviation company. It operates in two divisions, namely, Regional Aircraft Leasing and Regional Aviation Service. It has a market capitalisation of CAD 519.81mn.
In Q2 2024, Chorus reported operating revenue of CAD 351.2 million, a 7.3% increase from CAD 327.4 million in the previous corresponding period. However, operating earnings dropped 17.0% to CAD 24.4 million due to higher expenses, while net earnings before income taxes fell 48.6% to CAD 11.1 million. Ultimately, the company faced a net loss of CAD 180.7 million, down from a net income of CAD 20.3 million in Q2 2023.
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