Chorus Aviation

Chorus Aviation, parent of Jazz, AirCanada Express and Chorus Leasing, has reported operating revenue of $416.3 million for the first quarter of 2013, a decrease of $20.8 million or 4.8% over the same period last year. Passenger revenue, excluding pass-through costs, decreased by $6.4 million or 2.5% primarily as a result of no activity in the quarter for Thomas Cook; offset by rate increases made pursuant to the CPA with Air Canada, an increase in Billable Block Hours of 0.8%, a $0.2 million increase in incentives earned under the CPA, and a higher US dollar exchange rate. Pass-through costs decreased