I extend my sincerest thanks to our team. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. ", "In addition to feeling safe, passengers need affordable regional transportation. All rights reserved. A playback of the call can also be accessed until midnight ET, November 18, 2020 by dialing toll-free 1-855-859-2056, and using passcode 4590019#. Adjusted EBT and EBITDA should not be used as an exclusive measure of cash flow because it does not account for the impact of working capital growth, capital expenditures, debt repayments and other sources and uses of cash, which are disclosed in the statements of cash flows, forming part of Chorus' financial statements. Tagesausblick für 11.11.: DAX setzt sich bei 13.200 Punkten fest. Consider These 3 Top TSX Stocks That Rose 30% in October, Jazz Aviation Takes Gold at Canada's Safest Employers Awards, Chorus Aviation (TSE:CHR) Price Target Cut to C$5.50, CIBC Raises Chorus Aviation (TSE:CHR) Price Target to C$5.00, Chorus Aviation (TSE:CHR) Trading Down 8.5%, Chorus Aviation shares surge 34 per cent after confirming takeover proposal, Chorus Aviation (TSE:CHR) Shares Up 20.3%, Chorus Aviation (TSE:CHR) PT Lowered to C$3.00, Chorus Aviation: Updated Perspective After Q2. The forward-looking statements contained in this news release represent Chorus' expectations as of the date of this news release (or as of the date they are otherwise stated to be made) and are subject to change after such date. Can This Canadian Airline Stock Survive Coronavirus? Das Papier... Noch vor wenigen Tagen vegetierten die Aktien von Triebwerksbauern aufgrund Corona-bedingt flauen Auftragsvolumens auf gedrücktem Niveau. News zur CHORUS AVIATION AKTIE und aktueller Realtime-Aktienkurs Chorus Aviation … "I continue to be amazed by the resiliency of our employees and their determination to deliver the best and safest possible service to our customers. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. "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. Chorus uses certain non-GAAP financial measures, described below, to evaluate and assess performance. Why Shares of American Airlines, Spirit Airlines, and Hawaiian Are Down Today. Under the related loan agreements, CAC has 24 months from the date of the lease termination to remarket the aircraft, failing which CAC may be required to repay the debt outstanding on the aircraft. Total announced transactions as of November 10, 2020. Management believes Adjusted EBITDA assists investors in comparing Chorus' performance by excluding items, which it does not believe will re-occur over the longer-term (such as signing bonuses, employee separation program costs, impairment provisions, lease repossession costs net of security packages recovered and strategic advisory fees) as well as items that are non-cash in nature such as foreign exchange gains and losses. It's A Story Of Risk Vs Reward With Chorus Aviation Inc. (TSE:CHR), Advisory - Chorus Aviation Inc. to Present Second Quarter 2020 Financial Results on August 13, 2020, Chorus Aviation - Not Your Typical Airline Stock, Chorus Aviation to Hold Virtual Annual and Special Meeting of Shareholders, Jazz Aviation honoured with Outstanding Commitment to Employment Equity award, Edited Transcript of CHR.TO earnings conference call or presentation 15-May-20 1:00pm GMT, 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, Forget Air Canada (TSX:AC): Why I’m Buying Chorus Aviation (TSX:CHR) Instead, 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 suspends dividends, lays off staff and cuts executive salaries, Chorus Aviation Announces Significant Measures in Response to COVID-19, including Dividend Suspension and New US$100 Million Credit Facility, Soar Above Coronavirus Fears With This Airline Stock Pick. Contingent upon qualification, Jazz plans to utilize the CEWS for the remainder of the program, which has been extended into the summer of 2021. Between September 30, 2020 and November 10, 2020, Chorus received two of the six pending CRJ900s. 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(CHRRF) CEO Joe Randell on Q3 2020 Results - Earnings Call Transcript, Chorus Aviation announces third quarter 2020 financial results, Tuesday’s TSX breakouts: Hammered by COVID-19, this company becomes a potential takeover target, Forget Air Canada (TSX:AC)! Even though Chorus' business model does not directly expose it to the market risks ordinarily faced by airlines, substantially all its source revenue is derived from airline customers, through its CPA and its leasing of aircraft to airline customers globally. Learn everything you need to know about successful options trading with this three-part video course. Actual results may differ materially from results indicated in forward-looking information for a number of reasons, including a prolonged duration of the COVID-19 outbreak and/or further restrictive measures to contain its spread, the evolving impact of COVID-19 on Chorus' contractual counterparties, changes in aviation industry and general economic conditions, the continued payment (in whole or in part) of amounts due under the CPA, the risk of disputes under the CPA, Chorus' ability to pay its indebtedness and otherwise remain in compliance with its debt covenants, the risk of cross defaults under debt agreements and other significant contracts, the risk of asset impairments and provisions for expected credit losses, the delay in delivery or non-delivery of the remaining new CRJ900 aircraft to Chorus for operation and lease under the CPA, as well as the factors identified in the Risk Factors section of Chorus' Annual Information Form dated February 12, 2020, and in Chorus' public disclosure record available at www.sedar.com. In accordance with the CPA, the Fixed Margin does not vary with the number of aircraft and is fixed for 2020 based on agreed annual amounts. Mit einem Kursplus von 17,28 Prozent gehört heute die Delta Air Lines-Aktie zu den Gewinnern des Tages. Shares of Chorus Aviation soared to a four-month high with a 34% intraday surge. Chorus manages its exposure to currency risk on such long-term debt by billing the lease payments within the CPA in the underlying currency (US dollars) related to the aircraft debt. As at September 30, 2020, Chorus' long-term debt associated with these aircraft was US $35.7 million and US $10.4 million for three ATR72-600s and two Dash 8-400s, respectively. The call may be accessed by dialing 1-888-231-8191. Management believes Adjusted EBT assists investors in comparing Chorus' performance by excluding items, which it does not believe will reoccur over the longer-term (such as signing bonuses, employee separation program costs, impairment provisions, lease repossession costs net of security packages recovered and strategic advisory fees) as well as items that are non-cash in nature such as foreign exchange gains and losses. Following voluntary administration on April 20, 2020, Virgin Australia terminated its lease agreements with CAC in early September for three ATR72-600s. Examples of forward-looking information in this  news release include the discussion in the Outlook section, as well as statements regarding expectations as to Chorus' future liquidity and financial strength and contracted revenues, the recovery of domestic air traffic in Canada and around the world, Chorus' future growth and the completion of pending transactions referenced in the Outlook section. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 The Regional Aviation Services segment's adjusted EBITDA decreased by $8.3 million. To see all exchange delays and terms of use please see disclaimer. Stock quotes by finanzen.net. All pending acquisitions and lease commitments are subject to satisfaction of customary conditions precedent to closing. CAC has not recorded an impairment charge on these aircraft due to the realization of its security package. © 2020 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. We urge government to act swiftly to implement current, science-based approaches to COVID-19 testing of passengers to help support the recovery of passenger demand. The aircraft currently remain in Aeromexico's operation, however, there can be no assurance that CAC's aircraft will be retained by Aeromexico. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adjusted net income and Adjusted net income per Share are used by Chorus to assess performance without the effects of unrealized foreign exchange gains or losses on long-term debt and lease liability related to aircraft, signing bonuses, employee separation program costs, impairment provisions, lease repossession costs net of security packages recovered, strategic advisory fees and the applicable tax expense (recovery).