Chorus Aviation (TSE:CHR) has released an update.
Chorus Aviation Inc. reported a strong second quarter in 2024 with a net income of $8.5 million from continuing operations and a significant free cash flow of $28.2 million. The company also announced an expected sale of its Regional Aviation Leasing segment, which will potentially eliminate $1.7 billion in financings and improve key financial metrics post-transaction. Despite a net loss of $180.6 million due to a one-time impairment, the underlying financial health appears robust with debt repayments and share buybacks signaling confidence.
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