Brief: Chorus Aviation Announces Q4 Adjusted Net Income $0.05 Per Basic Share

Chorus Aviation

19/02/2021 01:09

Feb 18 (Reuters) - Chorus Aviation Inc  CHR.TO :
    * ANNOUNCES FOURTH QUARTER AND YEAR-END 2020 FINANCIAL
RESULTS
    * QTRLY ADJUSTED NET INCOME OF $7.7 MILLION, OR $0.05 PER
BASIC
SHARE
    * COLLECTED APPROXIMATELY 60% OF LEASE REVENUE BILLED IN Q4;
A 10%
IMPROVEMENT OVER Q3 2020
    * QTRLY ADJUSTED EBITDA OF $82.0 MILLION; A DECREASE OF $6.7
MILLION OVER Q4 2019
    * QTRLY NET INCOME OF $9.2 MILLION, OR $0.06 PER BASIC
SHARE; A
PERIOD-OVER-PERIOD DECREASE OF $27.4 MILLION
    * JAZZ EXPECTS TO OPERATE BETWEEN APPROXIMATELY 14% AND 20%
OF ITS
CAPACITY IN Q1 OF 2021 COMPARED TO Q1 OF 2020
    * ALL CURRENCY IN C$

Source text for Eikon:  ID:nCNWwNbV1a 
Further company coverage:  CHR.TO 

 ((Reuters.Briefs@thomsonreuters.com;))