Chorus Aviation Announces Second Quarter 2021 Financial Results
Q2 2021 Key Metrics Net income of $21.5 million, or $0.12 per basic share; a quarter-over-quarter decrease of $7.6 million primarily due to the continued impact of COVID-19 on results related to off-lease aircraft, negotiated amendments to certain lease agreements including extensions, the 2021 CPA amendments and lower unrealized foreign exchange gains of $10.7 million. Adjusted net income1 of $11.4 million, or $0.06 per basic […]
Canada’s Major Airlines Look Forward to Re-Opening of Border
Fully vaccinated Americans exempt from quarantine and can enter Canada as of August 9, all other fully vaccinated international travellers as of September 7 Ottawa, July 19, 2021 – Canada’s major airlines look forward to the re-opening of Canada’s border to fully vaccinated international travellers announced today by the federal government, but note that further action […]
Chorus Aviation Announces First Quarter 2021 Financial Results
Q1 2021 Key Metrics Net loss of $38.1 million, or $0.24 per basic share; a period-over-period decrease of $20.8 million due to one-time restructuring costs related to the 2021 capacity purchase agreement (‘CPA’) amendments of $81.8 million as outlined below, offset by the changes in unrealized foreign exchange of $45.4 million and income taxes. Adjusted net income1 of $15.7 million, or $0.10 per basic share; a decrease of $8.1 […]
Chorus Aviation Finalizes Revisions to the Capacity Purchase Agreement With Air Canada
Jazz is sole operator of Air Canada Express flights 25 Embraer 175 aircraft to be added to the Covered Aircraft fleet, increasing the fixed fee margin. Jazz to provide 100% of Air Canada Express 70+ seat regional capacity until 2025. Dash 8-300 aircraft to exit the Covered Aircraft fleet. Controllable cost guardrail receivable capped at $20 […]
Unifor 2002 Jazz Crew schedulers ratify new deal
March 3, 2021 Unifor 2002 Jazz crew schedulers have voted 100 % to ratify a four-year Memorandum of Settlement (MOS) in Halifax, with 85 % voter turnout. “This agreement provides a sigh of relief to our members working in the airline industry,” said Jerry Dias, Unifor National President. “The bargaining team needs to be applauded […]
Jazz Aviation recognized as one of Canada’s Best Diversity Employers for the tenth year
HALIFAX, NS, March 2, 2021 /CNW/ – Chorus Aviation Inc. (‘Chorus’) (TSX: CHR) is proud to announce that its subsidiary, Jazz Aviation LP (‘Jazz’), has been named one of Canada’s Best Diversity Employers for the tenth consecutive year in an annual national employer survey by Mediacorp Canada Inc. “We are honoured to have been recognized as one of Canada’s Best Diversity Employers each year […]
Chorus Aviation Announces Revisions to the Capacity Purchase Agreement with Air Canada
Enhancing Jazz’s position within Air Canada’s network 25 Embraer 175 aircraft to be added to the Covered Aircraft fleet, increasing the fixed fee margin. Jazz to provide 100% of Air Canada Express 70+ seat regional capacity until 2025. Dash 8-300 aircraft to exit the Covered Aircraft fleet. Controllable cost guardrail receivable to be capped at $20 […]
Air Canada Revises the Terms of its Capacity Purchase Agreement with Chorus Aviation for Regional Flying
Jazz Aviation to become sole operator of Air Canada Express Flights MONTREAL, March 1, 2021 /CNW Telbec/ – Air Canada today announced an agreement to amend the Capacity Purchase Agreement (CPA) with Jazz Aviation LP, a wholly-owned subsidiary of Chorus Aviation Inc., under which Jazz currently operates certain regional Air Canada Express flights. Through the revised agreement, […]
Jazz Aviation named one of Canada’s Top Employers for Young People for a ninth year
HALIFAX, NS, Jan. 19, 2021 /CNW/ – Chorus Aviation Inc. (‘Chorus’) (TSX: CHR) is proud to announce that its subsidiary, Jazz Aviation LP (‘Jazz’), was named one of Canada’s Top Employers for Young People for the ninth year. “We are honoured to be recognized once again as one of the country’s Top Employers for Young People. It solidifies our commitment […]
Jazz Aviation Named as One of Nova Scotia’s Top Employers for the Tenth Consecutive Year
HALIFAX, NS, Jan. 14, 2021 /CNW/ – Chorus Aviation Inc. (‘Chorus’) (TSX: CHR) announced that its subsidiary Jazz Aviation LP (‘Jazz’) has been selected as one of Nova Scotia’s Top Employers by Mediacorp Canada Inc. “Jazz is proud to be headquartered in Nova Scotia, continuously working to create opportunities and provide a diverse and inclusive workplace where employees have the support they […]