Chorus Aviation posts Q2 results

Chorus Aviation has reported a net income of $21.5 million, or $0.12 per basic share; a quarter-over-quarter decrease of $7.6 million. Adjusted EBITDA was $76.9 million; a decrease of $14.2 million over second quarter 2020. The company pointed 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. “Our second quarter delivered net earnings of $0.12 per basic share or $0.06 on an adjusted basis. We are managing our business well through these unprecedented times and