Chorus Aviation reports stronger Q3 profit
Chorus Aviation announced net Q3 income of C$20.1m, up from CAD$6.3 million the previous year. Chorus Aviation is the parent of Canadian regional carrier Jazz Aviation. Operating revenue for the quarter was C$331.1m, down 19.7% from C$412.2m last year. Expenses were down 22.1% to C$282.6m. The company said the result was in part because of improved cost competitiveness at Jazz and continuing fleet updates. Chorus CE Joe Randell said Q3 strategy was about “advancing the business diversification strategy, improving Jazz's cost competitiveness, fleet modernisation, and establishing Voyageur's Avparts business." <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-11-10/unaligned/chorus-aviation-reports-stronger-q3-profit
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Chorus Aviation reports stronger Q3 profit
Chorus Aviation announced net Q3 income of C$20.1m, up from CAD$6.3 million the previous year. Chorus Aviation is the parent of Canadian regional carrier Jazz Aviation. Operating revenue for the quarter was C$331.1m, down 19.7% from C$412.2m last year. Expenses were down 22.1% to C$282.6m. The company said the result was in part because of improved cost competitiveness at Jazz and continuing fleet updates. Chorus CE Joe Randell said Q3 strategy was about “advancing the business diversification strategy, improving Jazz's cost competitiveness, fleet modernisation, and establishing Voyageur's Avparts business." <br/>
