Chorus Aviation revenue up over 20% in Q1 2023

Chorus Aviation recorded net income of $32 million in the first quarter of 2023 (Q1 2023), up $9.1 million on the final quarter of 2022. Revenue was up 21% year-on-year to $415 million, the company reported. Earnings, given as adjusted EBITDA, were $118.1 million, an increase of $34.8 million, while the company reported free cash flow of $73.1 million, an increase of $24.6 million. Adjusted earnings available to common shareholders came to $21.5 million, an increase of $3.7 million, in turn meaning $0.11 per common share, a cent more than Q4 2022 for the company, which includes Falko among its