Chorus Aviation Inc
TSX:CHR

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Chorus Aviation Inc
TSX:CHR
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Price: 21.63 CAD -1.1% Market Closed
Market Cap: 506.6m CAD

Chorus Aviation Inc
Investor Relations

Chorus Aviation, Inc. is a holding company, which engages in the provision of aviation services. The company is headquartered in Dartmouth, Nova Scotia and currently employs 4,426 full-time employees. The company went IPO on 2006-01-26. The firm offers a range of regional aviation support services. The firm operates through two segments the Regional Aviation Services and the Regional Aircraft Leasing. The Regional Aviation Services segment includes contract flying, charter operations and maintenance, repair and overhaul services that are carried out by both Jazz Aviation LP (Jazz) and Voyageur Aviation Corp. (Voyageur). The Regional Aircraft Leasing segment leases aircraft to third parties through Chorus Aviation Capital Corp. Its portfolio of leased aircraft includes approximately 53 aircraft, including over 17 ATR72-600s, approximately 21 Dash 8-400s, over four CRJ1000s, approximately four E190s, over two E195s and approximately five A220-300s.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 7, 2025
AI Summary
Q3 2025

Strong EPS Growth: Adjusted earnings per share rose to $0.60 in Q3, up 40% from last year, driven by lower corporate costs and interest expense.

Capital Returns: Year-to-date, Chorus has repurchased $35.2 million in shares and committed a total of $124 million to buybacks since 2022, with a new $50 million buyback offer underway.

Debt Reduction: The company completed the redemption of Series B debentures, substantially finishing its debt repayment and balance sheet restructuring.

Dividend Payment: Announced a second quarterly dividend payment of $0.08 per share.

Asset Sales: Signed agreements to sell all 9 Dash 8-400 aircraft for about CAD 86 million, with proceeds to be realized through 2026.

Strategic Shift: Accelerated exit from lower-margin contracts at Voyageur, focusing on higher-margin defense and specialty MRO business.

Growth Outlook: Management highlighted significant growth opportunities for Voyageur in the Canadian defense sector, supported by recent budget priorities.

Key Financials
Adjusted Earnings Per Share
$0.60
Adjusted EBITDA
$51.6 million
Free Cash Flow
$33.2 million
Leverage Ratio
1.5
Dividend Per Share
$0.08
Share Buybacks YTD
$35.2 million
Total Share Buybacks Since 2022
$124 million
Liquidity
$217 million
Voyageur Revenue Year-to-Date Increase
$10 million
Voyageur Total Revenue (2025 Forecast)
$140 million to $145 million
Voyageur Operating Margin
8.25%
Voyageur EBITDA Margin
24%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Colin L. Copp
President, CEO & Director
No Bio Available
Mr. Gary James Osborne CPA
Chief Financial Officer
No Bio Available
Mr. Dennis M. L. Lopes J.D.
Senior VP, Chief Legal Officer & Corporate Secretary
No Bio Available
Ms. M. Jolene Mahody F.C.A., FCPA
Executive VP & Chief Strategy Officer
No Bio Available
Mr. Jeremy Francis Barnes
Chief Executive Officer of Falko Regional Aircraft
No Bio Available
Mr. Tyrone D. Cotie CA
Vice President of Treasury & Investor Relations
No Bio Available
Ms. Jill Susanne McKim
Vice President of Legal & Compliance
No Bio Available
Ms. Laurel Ann Clark
Vice President of Corporate Human Resources
No Bio Available
Mr. James Bruce Peddle
Chief Operating Officer of Chorus Aviation Capital
No Bio Available
Ms. Lynne McMullen
President of Cygnet Aviation Academy
No Bio Available

Contacts

Address
NOVA SCOTIA
Dartmouth
3 Spectacle Lake Dr Suite 100
Contacts
+19028735094.0
chorusaviation.com