Revenue for the final quarter of the company's 2020 financial year amounted to nearly $2.93 billion, down from nearly $2.96 billion in the same quarter last year. Find out more on our, This website collects electronic data from you using Google Analytics which employs first-party cookies and other identifiers to measure where our site visitors come from in the world, when and how you visit the site, how long you use it, and what you look at while you are here. This category only includes cookies that ensures basic functionalities and security features of the website. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. This advertisement has not loaded yet, but your article continues below. Financials. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Please try again. Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. Chorus Aviation issues statement regarding the administration of Flybe Limited; Chorus Aviation to participate in MRO Americas event; Chorus Aviation Inc. Shares rose nearly 7 per cent before being halted. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. All rights reserved. This category only includes cookies that ensures basic functionalities and security features of the website. Up 79 cents, or 2.91 per cent, to $27.94 on 8 million shares. Canadian aircraft repair and overhaul services provider Chorus Aviation said on Friday it had received a non-binding acquisition proposal from a third party. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. The Air Canada stock and Chorus Aviation stock are both in the dumps due to COVID-19. Any personally identifiable data collected through the use of these cookies is subject to the Chorus Privacy Policy outlined on this page. Energy. Shares of Chorus Aviation Inc. fell as much as 12.7 per cent Wednesday after the regional aviation company reported third-quarter results that missed expectations as it continues to feel the effects of COVID-19. Down 75 cents, or 6.96 per cent, to $10.03 on 17.9 million shares.Enbridge Inc. (TSX:ENB). Chorus Aviation Inc (TSX:CHR.B) stock was a money-maker for years, but the market crash hit shares hard. Toronto-Dominion Bank. Visit our Community Guidelines for more information and details on how to adjust your email settings. The Halifax-based company said it earned $20.5 million or 13 cents per share in the quarter, down 15.4 per cent from $24.2 million or 15 cents per share. It is mandatory to procure user consent prior to running these cookies on your website. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. You can change your choices at any time by visiting Your Privacy Controls. AirBoss was expected to report 33 cents per share in adjusted profits on $140.3 million of revenues, according to financial data firm Refinitiv.Chorus Aviation Inc. (TSX:CHR). We apologize, but this video has failed to load. It aims to deliver regional aviation to the world through its businesses. The business and technology consulting firm says it earned $251.9 million or 96 cents per diluted share for the quarter ended Sept. 30 compared with a profit of $324.1 million or $1.19 per diluted share a year ago. In-depth reporting on the innovation economy from The Logic, brought to you in partnership with the Financial Post. We ask you to keep your comments relevant and respectful. This category only includes cookies that ensures basic functionalities and security features of the website. "While we were modestly encouraged by the increases in flying by our lessees and our Air Canada Express operation, this fall has seen the further proliferation of the COVID-19 virus worldwide and a corresponding stalling in the resumption of flying activities," stated CEO Joe Randell.He said demand for air service will only return when people have confidence that their health and safety are protected, and when the requirement for quarantine is reduced or eliminated. Announces Election of Directors, Chorus Aviation to Hold Virtual Annual and Special Meeting of Shareholders, Jazz Aviation honoured with Outstanding Commitment to Employment Equity award, Chorus Aviation Announces First Quarter 2020 Financial Results and Update on COVID-19 Measures, Chorus Aviation Executes Previously-Announced US$100 Million Revolving Credit Facility, Chorus Aviation Adopts Shareholder Rights Plan, https://policies.google.com/technologies/partner-sites. Financials. Announces Election of Directors, Chorus Aviation to Hold Virtual Annual and Special Meeting of Shareholders, Jazz Aviation honoured with Outstanding Commitment to Employment Equity award, Chorus Aviation Announces First Quarter 2020 Financial Results and Update on COVID-19 Measures, Chorus Aviation Executes Previously-Announced US$100 Million Revolving Credit Facility, Chorus Aviation Adopts Shareholder Rights Plan, https://policies.google.com/technologies/partner-sites. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. CGI Inc. reported its fourth-quarter profit fell more than 20 per cent compared with a year ago as it was hit by a restructuring charge. Chorus says it expects Jazz to operate at 20- to 30-per cent of its capacity in the fourth and first quarters due to travel restriction and mandatory quarantines. Is this a major buying opportunity? Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Chorus Aviation amid the pandemic On Friday, Chorus confirmed that it has received a non-binding purchase offer, but there is no assurance that the … If you don't see it please check your junk folder. Last Updated Nov 11, 2020 at 9:32 am PST HALIFAX — Shares of Chorus Aviation Inc. fell as much as 12.7 per cent Wednesday after the regional aviation company reported third-quarter results that missed expectations as it continues to feel the effects of COVID-19. Announces Election of Directors, Chorus Aviation to Hold Virtual Annual and Special Meeting of Shareholders, Jazz Aviation honoured with Outstanding Commitment to Employment Equity award, Chorus Aviation Announces First Quarter 2020 Financial Results and Update on COVID-19 Measures, Chorus Aviation Executes Previously-Announced US$100 Million Revolving Credit Facility, Chorus Aviation Adopts Shareholder Rights Plan, Jazz Aviation and Air Canada Cargo to be First to Operate Routes with Dash 8-400 Aircraft Simplified Package Freighter Developed by De Havilland Canada, Chorus Aviation Announces Jazz’s Intention to Adopt the Canada Emergency Wage Subsidy, Advisory – Chorus Aviation Inc. to Present First Quarter 2020 Financial Results on May 15, 2020, Chorus Aviation Announces Significant Measures in Response to COVID-19, including Dividend Suspension and New US$100 Million Credit Facility, Chorus Aviation Inc. Announces March 2020 Dividend, Chorus Aviation Provides Statement on COVID-19, Jazz Aviation Wins Canada’s Best Diversity Employers Recognition for the Ninth Consecutive Year, Chorus Aviation issues statement regarding the administration of Flybe Limited, Chorus Aviation to participate in MRO Americas event, Chorus Aviation Inc. Chorus Aviation announces second quarter 2020 financial results and market update (2020-08-12) Advisory – Chorus Aviation Inc. to Present Second Quarter 2020 Financial Results on August 13, 2020 (2020-07-09) Chorus Aviation Comments on Air Canada’s Discontinuation of Service to Certain Regional Markets (2020-06-30) © 2020 Financial Post, a division of Postmedia Network Inc. All rights reserved. Chorus Aviation Inc. Aug 12, 2020, 19:00 ET. Revenue for the three months ended Sept. 30 was $196.4 million, down 44.1 per cent from $351.4 million in the prior year. Health care. Energy. Yahoo is part of Verizon Media. Currency in CAD. Find out more on our, This website collects electronic data from you using Google Analytics which employs first-party cookies and other identifiers to measure where our site visitors come from in the world, when and how you visit the site, how long you use it, and what you look at while you are here. Up $9.99 or 34.6 per cent to $38.90. This Little-Known Airline Stock Surged 34.6% appeared first on The Motley Fool Canada. Shares of Chorus Aviation Inc. surged on the Toronto Stock Exchange Friday afternoon after the aviation holding company revealed it had sparked interest in takeovers.In a brief statement, Halifax-based Chorus said it had received a “preliminary and non-binding acquisition proposal from a third party subject to a number of important conditions.” The Ontario-based company says its net income attributable to shareholders was US$11.6 million or 47 cents per diluted share, up from US$1.5 million or seven cents per share a year earlier. This site uses cookies to offer you a better browsing experience. Suncor Energy Inc. (TSX:SU). Excluding acquisition-related, integration and restructuring costs, CGI says it earned $318.4 million or $1.22 per diluted share compared with a profit of $329.5 million or $1.21 per diluted share a year ago when it had more shares outstanding.This report by The Canadian Press was first published Nov. 11, 2020.The Canadian Press, HALIFAX — Shares of Chorus Aviation Inc. fell as much as 12.7 per cent Wednesday after the regional aviation company reported third-quarter results that missed expectations as it continues to feel the effects of COVID-19.The Halifax-based company's shares dipped as low as $3.23 before climbing to $3.60 in midday trading, down 10 cents or 2.7 per cent.Chorus said it earned $20.5 million or 13 cents per share in the quarter, down 15.4 per cent from $24.2 million or 15 cents per share.Adjusted profits plunged 62.6 per cent to $10.9 million or seven cents per share, compared with $29.1 million or 18 cents per share in the third quarter of 2019.Revenue for the three months ended Sept. 30 was $196.4 million, down 44.1 per cent from $351.4 million in the prior year.Analysts on average forecast adjusted earnings of 11 cents per share on $204.3 million of revenues, according to financial data firm Refinitiv.