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BRIEF-Chorus Aviation Announces Q4 Adjusted Net Income $0.05 Per Basic Share

Published 2021-02-18, 08:09 p/m
© Reuters.
CHR
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Feb 18 (Reuters) - Chorus Aviation Inc CHR.TO :

* ANNOUNCES FOURTH QUARTER AND YEAR-END 2020 FINANCIAL RESULTS

* QTRLY ADJUSTED NET INCOME OF $7.7 MILLION, OR $0.05 PER BASIC SHARE

* COLLECTED APPROXIMATELY 60% OF LEASE REVENUE BILLED IN Q4; A 10% IMPROVEMENT OVER Q3 2020

* QTRLY ADJUSTED EBITDA OF $82.0 MILLION; A DECREASE OF $6.7 MILLION OVER Q4 2019

* QTRLY NET INCOME OF $9.2 MILLION, OR $0.06 PER BASIC SHARE; A PERIOD-OVER-PERIOD DECREASE OF $27.4 MILLION

* JAZZ EXPECTS TO OPERATE BETWEEN APPROXIMATELY 14% AND 20% OF ITS CAPACITY IN Q1 OF 2021 COMPARED TO Q1 OF 2020

* ALL CURRENCY IN C$

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