Chorus Aviation reports $180.6m loss in Q2
Chorus Aviation Inc. says it lost $180.6m in its second quarter, down from profits of $20.3m during the same quarter last year. The Halifax-based company says the results include a previously disclosed $187m impairment on discontinued operations. Operating revenues for the quarter ended June 30 were $351.2m, up from $327.5m last year. Last month, Chorus agreed to sell its regional aircraft leasing arm in a deal valued at $1.9b. President and CEO Colin Copp says the sale, expected to close at the end of the year, will set the stage for steady and sustainable future growth at the company. He says the divestiture will enable Chorus to invest in future growth as well as to implement a sustainable return of capital program for shareholders.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2024-08-15/general/chorus-aviation-reports-180-6m-loss-in-q2
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Chorus Aviation reports $180.6m loss in Q2
Chorus Aviation Inc. says it lost $180.6m in its second quarter, down from profits of $20.3m during the same quarter last year. The Halifax-based company says the results include a previously disclosed $187m impairment on discontinued operations. Operating revenues for the quarter ended June 30 were $351.2m, up from $327.5m last year. Last month, Chorus agreed to sell its regional aircraft leasing arm in a deal valued at $1.9b. President and CEO Colin Copp says the sale, expected to close at the end of the year, will set the stage for steady and sustainable future growth at the company. He says the divestiture will enable Chorus to invest in future growth as well as to implement a sustainable return of capital program for shareholders.<br/>
