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Last $3.95 USD
Change Today -0.2501 / -5.96%
Volume 1.0K
As of 8:10 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

chorus aviation inc (CRHVF) Snapshot

Open
$3.95
Previous Close
$4.20
Day High
$3.95
Day Low
$3.95
52 Week High
06/25/15 - $5.47
52 Week Low
10/2/14 - $3.51
Market Cap
476.5M
Average Volume 10 Days
2.3K
EPS TTM
--
Shares Outstanding
7.4M
EX-Date
08/27/15
P/E TM
--
Dividend
$0.48
Dividend Yield
9.73%
Current Stock Chart for CHORUS AVIATION INC (CRHVF)

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chorus aviation inc (CRHVF) Details

Chorus Aviation Inc., through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 725 departures per weekday to 55 destinations in Canada and 18 destinations in the United States. The company also provides charter services through its two 50-seat Dash 8-300 and one 50-seat CRJ200 aircraft for sports teams, fishing lodges, oil and gas companies, forestry ministries, musical groups, and corporate clients. In addition, it offers passenger and ramp ground handling services; short-term and ad hoc services, including ramp handling, passenger, deicing, and ground service equipment rental services; and maintenance, repair, and overhaul services for aircraft. Chorus Aviation Inc. operates a fleet of 122 Bombardier aircraft. The company was formerly known as Jazz Air Income Fund and changed its name to Chorus Aviation Inc. in January 2011. Chorus Aviation Inc. was incorporated in 2010 and is headquartered in Dartmouth, Canada.

4,467 Employees
Last Reported Date: 08/12/15
Founded in 2010

chorus aviation inc (CRHVF) Top Compensated Officers

Chief Executive Officer, President, Non Indep...
Total Annual Compensation: C$600.0K
Chief Financial Officer
Total Annual Compensation: C$319.7K
Chief Operating Officer
Total Annual Compensation: C$334.7K
Chief Administrative Officer
Total Annual Compensation: C$314.7K
Vice President of Business Development
Total Annual Compensation: C$221.8K
Compensation as of Fiscal Year 2014.

chorus aviation inc (CRHVF) Key Developments

Chorus Aviation Inc. Announces Dividend for the Month of August 2015, Payable on or After September 17, 2015

Chorus Aviation Inc. announced a monthly dividend of $0.04 per Class A and Class B share payable on or after September 17, 2015 to shareholders of record at the close of business on August 31, 2015.

Chorus Aviation Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2015; Provides Capital Expenditure Guidance for the Full Year of 2015

Chorus Aviation Inc. reported unaudited consolidated earnings results for the second quarter ended June 30, 2015. For the quarter, the company reported Operating revenue decreased from $417.8 million to $400.1 million, representing a decrease of $17.8 million, or 4.3%. Operating income was $38.0 million increased by $3.8 million from $34.3 million reported in same quarter in 2014. Adjusted EBITDA was $52.1 million compared to $50.7 million a year ago. Adjusted net income was $23.9 million or $0.20 per basic share compared to $22.2 million or $0.18 per basic share for the same period 2014. Net income was $31.4 million or $0.26 per basic share compared to 2014 net income of $36.5 million or $0.30 per basic share. Adjusted EBITDA increased $1.4 million which resulted from the increase in operating income, offset by a quarter-over-quarter net decrease of $2.4 million in depreciation and amortization. Capital expenditures for 2015, excluding those for the acquisition of aircraft and the Extended Service Program, or ESP, on the Dash 8-300s, are expected to range between $33 million and $40 million. The increase in 2015 reflects higher anticipated major maintenance overhauls and the additional spend for Voyageur. The company is projecting expenditures for aircraft acquisition and the ESP program to range between $200 million and $204 million this year.

Chorus Aviation Announces New Executive Appointments

Chorus Aviation Inc. announced new executive appointments to strengthen the organization in support of its growth and diversification plans. Richard ('Rick') Flynn appointed as Executive Vice President and Chief Corporate Development Officer. Rick has been Chief Financial Officer of Chorus since 2011 and his career in the aviation industry spans more than 29 years.  His experience ranged from finance, managing operational divisions and various administrative functions including sales and marketing, and business development. In this new role, Rick's focus will be to develop and execute on strategic plans through: growth initiatives that diversify the current group of Chorus subsidiaries; acquisitions in strategic areas that leverage Chorus' expertise; and establish and manage relationships with strategic partners in identified growth areas. Jolene Mahody appointed as Executive Vice President and Chief Financial Officer. Jolene has been the Chief Operating Officer of Chorus subsidiary Jazz Aviation LP (Jazz) since 2009 and has held several executive administrative and operational positions over her 20 year career in the aviation industry. Jolene's experiences as Senior Vice President, Operations Support; Vice President Corporate Strategy; Director, Finance; Director Commercial and Resource Planning; and Director, Six Sigma all contributed to the strategic growth and transformation of Jazz.

 

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Industry Analysis

CRHVF

Industry Average

Valuation CRHVF Industry Range
Price/Earnings 22.0x
Price/Sales 0.4x
Price/Book 4.8x
Price/Cash Flow 7.7x
TEV/Sales 0.1x
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