Brief: Chorus Aviation Q2 Operating Revenue CAD 324.612 Million

Chorus Aviation

05/08/2025 22:05

Overview

Chorus Aviation Q2 net income CAD 32.4 mln vs net loss last year

Adjusted net income beats analyst expectations, driven by Voyageur growth

Adjusted EBITDA surpasses estimates, reflecting strong operational performance

Outlook

Chorus forecasts 2025 fixed margin of C$59.6 mln under CPA

Company expects 2026 aircraft leasing revenue to be C$104 mln

Chorus plans 2025 capital expenditures of C$30.5 mln to C$45.5 mln

Company anticipates predictable free cash flows from Jazz aircraft leasing

Result Drivers

VOYAGEUR GROWTH - Increased parts sales, contract flying, and MRO activities at Voyageur contributed to higher Adjusted EBITDA

COST REDUCTION - Lower corporate costs and reduced stock-based compensation improved financial results

LEASE RATE IMPACT - Decline in aircraft leasing revenue under CPA due to changes in lease rates, partially offset by favorable US dollar exchange rate

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Operating Revenue
C$324.61 mln
Q2 Adjusted Net Income
Beat
C$17.21 mln
C$15.50 mln (4 Analysts)
Q2 Net Income
C$32.44 mln
Q2 Adjusted EBITDA
Beat
C$51.33 mln
C$51 mln (6 Analysts)
Q2 Operating Expenses
C$300.54 mln
Q2 Operating Income
C$24.07 mln
Q2 Pretax Profit
C$32.83 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the airlines peer group is "buy"

Wall Street's median 12-month price target for Chorus Aviation Inc is C$29.00, about 24.8% above its August 1 closing price of C$21.82

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nCNWYnmcba

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)