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Chorus Aviation ( (TSE:CHR) ) has shared an update.
Chorus Aviation Inc. reported its fourth quarter and year-end 2024 financial results, highlighting a significant improvement in its leverage ratio from 3.3 to 1.4 due to the sale of the RAL business, which brought in net proceeds of $607.7 million. Despite a net loss from continuing operations, Chorus achieved adjusted earnings of $28.5 million for the year and a free cash flow of $118.8 million, with substantial revenue driven by its Voyageur operation. In Q4, the company faced a net loss but maintained adjusted earnings of $10.6 million. Additionally, Chorus announced a share consolidation effective February 5, 2025, which will impact its per-share figures moving forward.
More about Chorus Aviation
YTD Price Performance: -10.79%
Average Trading Volume: 60,754
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$523.2M
Find detailed analytics on CHR stock on TipRanks’ Stock Analysis page.
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