Stock quotes by finanzen.net. Chorus Aviation Inc. reported its second-quarter profit fell compared with a year ago as the economic impact of COVID-19 took its toll on the company. What’s Common in Air Canada and Chorus Aviation’s Q2 Earnings? Announces March 2020 Dividend, Chorus Aviation Provides Statement on COVID-19, Jazz Aviation Wins Canada's Best Diversity Employers Recognition for the Ninth Consecutive Year, Chorus Aviation issues statement regarding the administration of Flybe Limited, This 6% Yielder Could Take Your Portfolio Soaring, Chorus Aviation to participate in MRO Americas event, Why Chorus Aviation Inc.'s (TSE:CHR) High P/E Ratio Isn't Necessarily A Bad Thing, Chorus Aviation Inc. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The forward-looking statements contained in this news release represent Chorus' expectations as of the date of this news release (or as of the date they are otherwise stated to be made) and are subject to change after such date. View our full suite of financial calendars and market data tables, all for free. Voyageur continues to perform overseas humanitarian flights and cargo services, and the air ambulance operation in New Brunswick. HALIFAX, NS, Nov. 10, 2020 /CNW/ - Chorus Aviation Inc. ('Chorus') (TSX: CHR) today announced third quarter 2020 financial results and an update on the impact of COVID-19. Chorus Aviation (TSX:CHR) Stock: Is It Worth Your Money? The following table provides the number of closed and pending and/or delayed transactions (1) announced to date: All pending acquisitions and lease commitments are subject to satisfaction of customary conditions precedent to closing including receipt of financing for the aircraft. Chorus collected approximately 50.0% of lease revenue billed in the third quarter from its lessees, excluding repossessed aircraft, a 22-percentage point improvement over second quarter 2020. Under the related loan agreements, CAC has 24 months from the date of the lease termination to remarket the aircraft, failing which CAC may be required to repay the debt outstanding on the aircraft. View which stocks are hot on social media with MarketBeat's trending stocks report. Announces February 2020 Dividend, Edited Transcript of CHR.TO earnings conference call or presentation 13-Feb-20 2:00pm GMT, Receive Analysts' Upgrades and Downgrades Daily. The period of relief most commonly spans three to 12 months with repayment terms, typically, of approximately two years; however, to the extent that travel restrictions persist, Chorus Aviation Capital ('CAC') may continue to receive requests for deferral extensions from some of its most impacted customers. "In the quarter, we bolstered our liquidity position to $218 million and have collected approximately 50% of … The third quarter results were impacted by: Adjusted net income was $10.9 million for the quarter, a decrease of $18.2 million due to: Net income decreased $3.7 million due to the previously noted decrease in adjusted net income of $18.2 million, general impairment provisions of $11.2 million and lease repossession costs of $0.7 million; offset by the change in net unrealized foreign exchange on long-term debt of $24.9 million and tax recovery on adjusted items of $1.5 million. a reduction in loss on the disposal of property and equipment of. The full extent of the duration and therefore the impact of this pandemic are unknown. Chorus is a global provider of integrated regional aviation solutions. Management believes Adjusted EBITDA assists investors in comparing Chorus' performance by excluding items, which it does not believe will re-occur over the longer-term (such as signing bonuses, employee separation program costs, impairment provisions, lease repossession costs net of security packages recovered and strategic advisory fees) as well as items that are non-cash in nature such as foreign exchange gains and losses. All rights reserved. Learn more. Chorus Class A Variable Voting Shares and Class B Voting Shares trade on the Toronto Stock Exchange under the trading symbol 'CHR'. Doch die stark überkaufte Situation wurde rasch wieder abverkauft... NEW YORK (dpa-AFX Analyser) - Die US-Investmentbank Goldman Sachs hat International Airlines Group (IAG) von "Neutral" auf "Buy" hochgestuft und das Kursziel von 125 auf 195 Pence angehoben. Since the pandemic, Nav Canada has increased fees by 30% and many airport authorities across Canada have followed suit – adding to higher ticket prices for travelers. Als prominentes Sprachrohr seitens der Fluglinien... Airbus-Calls mit 67%-Chance bei Erreichen des Kursziel Laut dem UBS-KeyInvest TrendRadar brach der Kurs der Airbus-Aktie (ISIN: NL0000235190) am 9.11.20 aus einem steigenden Trendkanal nach oben hin... Den Höhepunkt markierte das Wertpapier des US-Flugzeugbauers Boeing zu Beginn des Jahres 2019 und einem Kursniveau von 446,01 US-Dollar. Capital expenditures in 2020, including capitalized major maintenance overhauls but excluding expenditures for the acquisition of aircraft and the ESP, are expected to be between $17.0 million and $23.0 million. The remarketing periods for the three ATR72-600s and two of the five Dash 8-400s are 24 months and 10 months, respectively. Following voluntary administration on April 20, 2020, Virgin Australia terminated its lease agreements with CAC in early September for three ATR72-600s. The COVID-19 pandemic and resulting government restrictions have created unprecedented challenges for the passenger aviation industry around the world. (expressed in thousands of Canadian dollars), Outlook(See cautionary statement regarding forward-looking information below). MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Chorus Aviation Inc. Traum-Renditen mit Lithium: Trading-Chance des Monats! Chorus Aviation Announces Significant Measures in Response to COVID-19, including Dividend Suspension and New US$100 Million Credit Facility finance.yahoo.com - April 6 at 5:39 PM Soar Above Coronavirus Fears With This Airline Stock Pick Auf dem von Airlines und Hubbetreibern langersehnten Luftverkehrsgipfel am heutigen Freitag wollen Bund und Branche über Wege aus der Krise beraten. Aircraft related acquisitions and ESP capital expenditures in 2020 are expected to be between $417.0 million and $426.0 million.1, (unaudited)(expressed in thousands of Canadian dollars), Capital expenditures, excluding aircraft acquisitions and ESP. Why Shares of American Airlines, Spirit Airlines, and Hawaiian Are Down Today. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those indicated in the forward-looking information. Please log in to your account or sign up in order to add this asset to your watchlist. Receive a free world-class investing education from MarketBeat. The aircraft currently remain in Aeromexico's operation, however, there can be no assurance that CAC's aircraft will be retained by Aeromexico. As of September 30, 2020, CAC's gross lease deferral receivable was US $35.9 million. A playback of the call can also be accessed until midnight ET, November 18, 2020 by dialing toll-free 1-855-859-2056, and using passcode 4590019#. The Regional Aviation Services segment's adjusted EBITDA decreased by $8.3 million. Das Papier kostete zuletzt 11,45 US-Dollar. Wie bewerten Sie die aktuell angezeigte Seite? Even though Chorus' business model does not directly expose it to the market risks ordinarily faced by airlines, substantially all its source revenue is derived from airline customers, through its CPA and its leasing of aircraft to airline customers globally. Consistent with market norms, these leases are generally for a fixed term, contain an absolute payment obligation on the part of the lessee, and cannot be terminated early for convenience. Chorus has received requests from substantially all its Regional Aircraft Leasing segment customers for some form of temporary rent relief, as they cope with an unprecedented reduction in demand for passenger air travel. These deferrals are estimated to increase Chorus' trade receivables and long-term lease deferral receivables to approximately US $41.0 million by the end of the year. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Export data to Excel for your own analysis.

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