unaligned

Chorus Aviation boosted its Q1 adjusted earnings 43% year-over-year and operating revenues 9% on the strength of its growing aircraft leasing business. Chorus, best known as operator of Air Canada regional feeder partner, boosted adjusted EBITDA to C$78m (US$60.1m), up $23m. Nearly $14m of the EBITA gain came from the leasing business, the company said. Company operating revenues rose to $347.5m, up $27.8m. Adjusted net income jumped 65% to $26.5m from $16.1m. Net income fell 81% to $5.5m from $26.9m primarily because of foreign-exchange rate headwinds as a result of the weak Canadian dollar. Chorus’s growing leasing arm is up to 23 aircraft, excluding those leased to Air Canada as part of capacity-purchase agreements. <br/>

Vietjet nearly quadrupled its Q1 2018 net profit, and the carrier said it is comfortably ahead of financial targets for the year to date. The airline reported a net profit of VND1.4t (US$60m) in Q1, a 263% improvement from the same period last year. Overall revenue increased 146% year-over-year (YOY) to VND12.6 trillion, thanks to increases in passenger numbers, ancillary revenue and sale and leaseback revenue. Vietjet said its Q1 revenue and pre-tax profit were more than 25% ahead of its goals. The company’s air transport revenue increased 52% YOY to just over VND6t, 10% higher than VietJet’s target for Q1. The carrier attributed this to fleet expansion and the opening of new international routes. Ancillary revenue was up by 64% YOY. <br/>