Last C$4.63 CAD
Change Today -0.02 / -0.43%
Volume 238.3K
As of 3:53 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

chorus aviation inc - b (CHR/B) Snapshot

Open
C$4.64
Previous Close
C$4.65
Day High
C$4.64
Day Low
C$4.60
52 Week High
08/20/14 - C$4.65
52 Week Low
10/10/13 - C$2.31
Market Cap
559.0M
Average Volume 10 Days
423.6K
EPS TTM
C$0.67
Shares Outstanding
116.4M
EX-Date
08/27/14
P/E TM
6.9x
Dividend
C$0.45
Dividend Yield
9.75%
Current Stock Chart for CHORUS AVIATION INC - B (CHR/B)

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chorus aviation inc - b (CHR/B) Details

Chorus Aviation Inc., through its subsidiaries, is engaged in the airline business in Canada and the United States. The company operates scheduled passenger service on behalf of Air Canada under the Air Canada Express name with approximately 740 departures per weekday to 54 destinations in Canada and 25 destinations in the United States. It also offers charter services under the Jazz brand through two aircraft for sports teams, fishing lodges, oil and gas companies, forestry ministries, musical groups, and corporate clients. In addition, the company provides passenger and ramp ground handling services; short-term and ad hoc services, such as ramp handling, passenger, deicing, and ground service equipment rental services; and maintenance, repair, and overhaul services to regional aircraft operators. As of December 31, 2013, it operated a fleet of 127 aircraft comprising 42 regional jets and 85 turboprop aircraft. The company was formerly known as Jazz Air Income Fund and changed its name to Chorus Aviation Inc. in January 2011. Chorus Aviation Inc. was incorporated in 2010 and is headquartered in Dartmouth, Canada.

4,320 Employees
Last Reported Date: 08/14/14
Founded in 2010

chorus aviation inc - b (CHR/B) Top Compensated Officers

Chief Executive Officer, President, Non Indep...
Total Annual Compensation: C$599.5K
Chief Financial Officer
Total Annual Compensation: C$308.8K
Chief Operating Officer
Total Annual Compensation: C$324.6K
Chief Administrative Officer
Total Annual Compensation: C$304.8K
Vice President of Business Development
Total Annual Compensation: C$214.7K
Compensation as of Fiscal Year 2013.

chorus aviation inc - b (CHR/B) Key Developments

Chorus Aviation Inc. Declares August Dividend Payable on or After September 17, 2014

Chorus Aviation Inc. announced a monthly dividend of $0.0375 per Class A and Class B share payable on or after September 17, 2014 to shareholders of record at the close of business on August 29, 2014.

Chorus Aviation Inc. Reports Unaudited Consolidated Earnings Results for Second Quarter Ended June 30, 2014; Provides Earnings Guidance for the Full Year of 2014

Chorus Aviation Inc. reported unaudited consolidated earnings results for second quarter ended June 30, 2014. For the quarter, the company’s EBITDA was $50.7 million compared to $48.0 million in the same quarter 2013, an increase of $2.7 million. Operating income was $34.3 million, $2.6 million higher than the same period 2013. Adjusted net income of $22.2 million or $0.18 per basic share was up by $0.8 million or $0.01 per basic share over the second quarter 2013. Operating revenue increased from $410.3 million to $417.8 million, representing an increase of $7.5 million or 1.8%. Controllable revenue increased by $9.0 million or 3.5%. This increase occurred primarily as a result of rate increases made pursuant to the CPA of $5.8 million, a favorable US dollar exchange rate of $5.2 million, and a $0.3 million increase in incentives earned under the CPA with Air Canada. These increases were offset by decreased CPA Billable Block Hours of $2.3 million. EBITDA was $50.7 million compared to $48.0 million in 2013. Net income for the second quarter of 2014 was $36.5 million or $0.30 per basic share, an increase of $28.6 million from $7.9 million. For the full year 2014, the company revisiting projected EBITDA guidance upward to now range between $185 million and $195 million. Projecting maintenance capital expenditures for 2014 to range between $26 million and $32 million.

Chorus Aviation Inc. Announces July Dividend, Payable on or After August 18, 2014

Chorus Aviation Inc. announced a July dividend of $0.0375 per Class A and Class B share payable on or after August 18, 2014 to shareholders of record at the close of business on July 31, 2014. These dividends qualify as eligible dividends in Canada and qualifying dividends in the United States.

 

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CHR/B

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Valuation CHR/B Industry Range
Price/Earnings 7.3x
Price/Sales 0.3x
Price/Book 3.2x
Price/Cash Flow 3.8x
TEV/Sales 0.0x
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