Canada's Chorus Aviation Q4 adjusted profit misses estimates as leasing revenue drops

Chorus Aviation

12/02/2026 22:39

Overview

Canada aviation firm's Q4 adjusted net income and EBITDA missed analyst expectations

Net income from continuing operations rose significantly due to foreign exchange gains

Company plans up to C$100 mln share buybacks and acquires Kadex Aero Supply

Outlook

Chorus projects 2026 Adjusted EBITDA between C$170 mln and C$185 mln

Company expects Free Cash Flow between C$100 mln and C$110 mln in 2026

Chorus plans C$36 mln to C$46 mln Free Cash Flow after loan repayments

Result Drivers

FOREIGN EXCHANGE GAINS - Net income from continuing operations increased due to a positive change in unrealized foreign exchange gains and the absence of previous year's costs

LOWER LEASING REVENUE - Decrease in Adjusted EBITDA attributed to lower aircraft leasing revenue and decreased capitalization of maintenance overhauls

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Operating Revenue
C$320.19 mln
Q4 Adjusted Net Income
Miss
C$13.83 mln
C$16.03 mln (4 Analysts)
Q4 Net Income
C$16.70 mln
Q4 Adjusted EBITDA
Miss
C$47.12 mln
C$50.50 mln (6 Analysts)
Q4 Operating Expenses
C$299.21 mln
Q4 Operating Income
C$20.98 mln
Q4 Pretax Profit
C$23.21 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$31.00, about 47.1% above its February 11 closing price of C$21.08

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nCNWqGpkza

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(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.)