Chorus Aviation (TSE:CHR) has released an update.
Chorus Aviation Inc. reports a robust first quarter in 2024 with a significant increase in Free Cash Flow to $102.1 million and an improved Leverage Ratio, while net income sees a decrease from the previous year. The company successfully enhanced its cash position through asset sales, including aircraft and engines, and made substantial debt repayments. Additionally, Chorus Aviation anticipates stronger financial performance for the rest of the year, prompting an upward revision of its 2024 financial guidance.
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