Chorus Group closes Q2, 2023 with net income of $20.3 million

Chorus Group reported a net income of $20.3 million with an increase of $60.7 million quarter-over-quarter (Q-O-Q). The lessor reported adjusted earnings of $15.5 million, a decrease of $6.2 million quarter-over-quarter and adjusted EBITDA of $110.7 million, an increase of $5.9 million Q-O-Q. The airline released its second quarter (Q2) financial results recently. The free cash flow almost doubled to close at $70.3 million with increase of $36.0 million or approximately 105.0%. “I am pleased to report Chorus’ solid financial performance for the quarter, delivering improvements in Leverage Ratio and Free Cash Flow. Free Cash Flow has more than doubled year-over-year to $70.3 million, and our Leverage Ratio