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Chorus Aviation
(TSX:CHR)
Chorus Aviation (CHR) vs. S&P 500 (SPY)
Chorus Aviation Business Overview & Revenue Model
Chorus Aviation Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.40B | 1.68B | 1.60B | 1.02B | 948.72M | Gross Profit |
| 270.89M | 441.60M | 423.40M | 205.63M | 230.12M | EBIT |
| 92.65M | 262.36M | 188.27M | 70.98M | 114.55M | EBITDA |
| 165.54M | 471.94M | 360.85M | 270.46M | 363.12M | Net Income Common Stockholders |
| -158.50M | 101.35M | 48.89M | -20.48M | 41.49M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 222.22M | 88.83M | 100.03M | 123.57M | 165.72M | Total Assets |
| 1.61B | 3.85B | 4.06B | 3.18B | 3.34B | Total Debt |
| 516.38M | 1.76B | 2.03B | 1.91B | 2.19B | Net Debt |
| 294.16M | 1.67B | 1.93B | 1.79B | 2.03B | Total Liabilities |
| 1.10B | 2.57B | 2.79B | 2.49B | 2.70B | Stockholders Equity |
| 511.95M | 1.19B | 1.18B | 690.47M | 641.34M |
| Cash Flow | Free Cash Flow | |||
| 212.13M | 256.51M | 217.23M | 110.26M | -249.50M | Operating Cash Flow |
| 265.02M | 299.68M | 279.51M | 184.97M | 156.64M | Investing Cash Flow |
| 818.67M | 37.56M | -231.37M | -45.74M | -407.59M | Financing Cash Flow |
| -1.06B | -325.55M | -71.46M | -180.93M | 334.56M |
Chorus Aviation Technical Analysis
Chorus Aviation Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | C$2.47B | 19.45 | 9.13% | 5.33% | 6.46% | -5.54% | |
67 Neutral | C$5.27B | 3.22 | 112.28% | ― | 1.93% | -24.67% | |
64 Neutral | $7.72B | 17.49 | -18.58% | ― | 9.57% | -27.38% | |
62 Neutral | $8.17B | 12.76 | 0.49% | 3.07% | 3.84% | -16.79% | |
61 Neutral | C$558.18M | ― | -1.28% | ― | -12.40% | -529.26% | |
57 Neutral | C$6.90B | 17.93 | 3.54% | 0.41% | -17.78% | -41.13% | |
40 Neutral | C$66.47M | ― | 12.83% | ― | 7.72% | -339.61% |
Chorus Aviation Earnings Call Summary
Chorus Aviation Corporate Events
Jazz Aviation LP has been recognized for the fourteenth consecutive year as one of Canada’s Best Diversity Employers by Mediacorp Canada Inc. This accolade underscores Jazz’s commitment to diversity, equity, inclusion, and accessibility in the workplace, highlighting its successful initiatives for women, visible minorities, persons with disabilities, Indigenous peoples, and the LGBT community. This recognition, along with other awards, reinforces Jazz’s leadership in the aviation industry and its dedication to creating value for stakeholders.
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.
Chorus Aviation announced that its shareholders and board have approved a share consolidation plan aimed at reducing the number of outstanding shares significantly. This consolidation, approved by 95.5% of shareholders and conditionally by the Toronto Stock Exchange, will streamline Chorus’s share structure, potentially affecting the trading dynamics of its stock and impacting stakeholders with a new listing symbol and adjusted securities.
Chorus Aviation Inc. has completed its previously announced offers to purchase convertible senior unsecured debentures, purchasing $43.8 million of Series B and $37.8 million of Series C debentures, resulting in a significant reduction of its outstanding debt. This strategic move not only strengthens Chorus’s financial position by reducing its liabilities but also reflects its proactive approach to managing its capital structure, potentially enhancing its appeal to investors and stakeholders.
Chorus Aviation Inc. has announced the results of its offers to purchase its Series B and Series C Debentures following the sale of its Regional Aircraft Leasing segment. The company successfully tendered $43.773 million of Series B Debentures and $37.797 million of Series C Debentures, representing 60% and 44% of the outstanding amounts, respectively. This strategic financial maneuver allows Chorus to streamline its financial commitments, potentially improving its liquidity and market positioning.
Chorus Aviation Inc. has announced that it will present its fourth quarter and year-end 2024 financial results on February 20, 2025. This announcement is crucial for stakeholders as it provides insights into the company’s financial performance and operational strategy, potentially affecting its future market positioning and investor relations.
Chorus Aviation has announced a special meeting for shareholders to vote on a proposed share consolidation. The consolidation, if approved, would see shares combined at a ratio determined by the board, pending Toronto Stock Exchange approval. Shareholders are encouraged to review the details in the management proxy circular available online.