Latest news with #JazzAviation
CTV News
a day ago
- CTV News
Air Canada strike hits flights, northern airports mostly unaffected
Northern Ontario Watch As Air Canada flight attendants strike Saturday, the airline is cancelling more than 500 flights, but northern Ontario airports like Sault Ste. Marie, remain unaffected as Air Canada Express, operated by Jazz Aviation, operates regional routes. Though travel agents are reporting soaring ticket prices for stranded passengers. Cory Nordersom reports.
New York Times
2 days ago
- Business
- New York Times
As the Air Canada Strike Looms, Here's What Travelers Need to Know
Air Canada began canceling dozens of flights in advance of a planned strike by its 10,000 flight attendants that could begin at midnight on Saturday morning. A complete shutdown could disrupt 130,000 travelers a day, including international travelers heading to and from Canada. Air Canada Express flights, which are operated by Jazz Aviation and PAL Airlines and serve regional destinations, would not be affected. Here's what you need to know if you're scheduled to fly on Air Canada in the coming days. Why are Air Canada flight attendants threatening a strike? Flight attendants are seeking improved wages and compensation for work they do before flights take off and after they land. (Historically, flight attendants have been paid only for hours that they are in the air, and not for work done during boarding or deplaning, though some major U.S. airlines, including Delta and American, have adjusted some of those policies in recent years.) Will all Air Canada travelers be affected? No. Travelers on regional flights operated by Air Canada Express will not be affected, since those flights are subcontracted to smaller carriers. Those regional flights make up about 300 of Air Canada's 1,000 daily flights. Are any other airlines affected? Flights that include Air Canada or Air Canada Rouge, a low-cost subsidiary, may be impacted by the labor dispute, and passengers should check their flight status for any cancellations or disruptions. Air Canada is part of the Star Alliance, which includes more than 20 partnering airlines like Lufthansa and United. Even travelers on other airlines should check if their flight is code-sharing with or operated by Air Canada, which could cause disruptions. Want all of The Times? Subscribe.
CTV News
06-08-2025
- Business
- CTV News
Chorus Aviation sees $32.4 million profit in Q2, operating revenue $324.6 million
A plane is silhouetted as it takes off from Vancouver International Airport in Richmond, B.C., Monday, May 13, 2019. THE CANADIAN PRESS/Jonathan Hayward HALIFAX — Chorus Aviation Inc. says its latest quarter delivered a $32.4 million profit. The Halifax-based company says the second-quarter figure compares with a net loss of $180.6 million a year earlier. Operating revenue totalled $324.6 million, down from $351.2 million in the three months ended June 30. On an adjusted basis, Chorus says it earned $17.2 million compared with $10.8 million a year earlier. The company says its leverage ratio — net debt divided by its trailing 12-month adjusted earnings before interest, taxes, depreciation and amortization — ended the quarter at 1.5 compared with 1.4 at the end of 2024. Chorus leases planes around the world while providing regional service for Air Canada through its Jazz Aviation subsidiary. This report by The Canadian Press was first published Aug. 6, 2025.
Yahoo
06-08-2025
- Business
- Yahoo
Chorus Aviation sees $32.4 million profit in Q2, operating revenue $324.6 million
HALIFAX — Chorus Aviation Inc. says its latest quarter delivered a $32.4 million profit. The Halifax-based company says the second-quarter figure compares with a net loss of $180.6 million a year earlier. Operating revenue totalled $324.6 million, down from $351.2 million in the three months ended June 30. On an adjusted basis, Chorus says it earned $17.2 million compared with $10.8 million a year earlier. The company says its leverage ratio — net debt divided by its trailing 12-month adjusted earnings before interest, taxes, depreciation and amortization — ended the quarter at 1.5 compared with 1.4 at the end of 2024. Chorus leases planes around the world while providing regional service for Air Canada through its Jazz Aviation subsidiary. This report by The Canadian Press was first published Aug. 6, 2025. Companies in this story: (TSX:CHR) The Canadian Press
Yahoo
14-05-2025
- Business
- Yahoo
How I'd Use $10,000 to Transform My TFSA Into a Cash-Pumping Portfolio
Written by Amy Legate-Wolfe at The Motley Fool Canada Turning a Tax-Free Savings Account (TFSA) into a reliable income stream doesn't have to involve complex strategies or risky picks. Sometimes, it just takes a solid stock, a smart investment, and a bit of patience. If I had $10,000 to put to work in my TFSA right now, Chorus Aviation (TSX:CHR) would be high on my list. It's not a flashy tech stock, but it's got everything you want when aiming to generate consistent, long-term cash flow, growth potential, improving earnings, and a management team that knows how to reward shareholders. Chorus Aviation is based in Halifax and operates several businesses that support regional aviation. Its best-known subsidiary is Jazz Aviation, which flies regional routes under the Air Canada Express brand. Chorus also owns Voyageur Aviation, which offers aircraft maintenance and special mission solutions. This means Chorus doesn't just make money by flying passengers. It earns revenue from maintenance contracts, parts support, and fleet services. It's a business model built around aviation resilience, not just ticket sales. The company's first-quarter 2025 results prove just how well it's executing that strategy. Chorus reported a net income of $18.9 million, which is a huge jump from the $12.3 million it posted in the same quarter last year. More importantly for investors, the adjusted earnings available to common shareholders rose to $15.4 million, or $0.57 per share, compared to just $0.13 per share a year ago. That's the kind of earnings growth that shows the business is not just recovering; it's hitting a new gear. Chorus also delivered strong adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $56.9 million for the quarter, up from $54 million in the same period last year. EBITDA might not be the flashiest number in finance, but it tells you how much money a company is making from its actual operations before taxes, interest, and other stuff that can skew the picture. This steady growth shows Chorus has a healthy and stable core business. What really makes Chorus attractive for a TFSA, though, is the free cash flow. In the first quarter (Q1) of 2025, the company generated $40.6 million in free cash flow, up from $30.7 million the year before. This is the money left over after capital expenses, and it's the pool of cash Chorus can use to pay down debt, buy back shares, or reward investors in other ways. In today's market, a company generating this much excess cash deserves a second look. And Chorus isn't just sitting on that money; it's putting it to work. In April 2025, the company launched a $25 million substantial issuer bid, essentially offering to buy back a chunk of its own stock. On top of that, since 2022, it has repurchased $53 million in shares through its normal course issuer bid program. That's a clear signal from management that they believe the stock is undervalued and that it's committed to delivering value to shareholders. For investors using a TFSA, this can be a powerful way to boost long-term returns without worrying about capital gains tax. Chorus also has a strong balance sheet, with a market cap of about $505 million. Its stock has a fair bit of room to run if investor sentiment improves to reach 52-week highs. As travel rebounds and aviation services remain in demand, Chorus could see more tailwinds pushing it forward. For TFSA investors who want a cash-generating machine that doesn't rely on hype, Chorus is worth serious consideration. It's generating strong earnings, increasing free cash flow, and actively buying back shares to return value. That's the kind of stock you can hold through market cycles and let your tax-free gains compound over time. Putting $10,000 into Chorus in your TFSA might not make headlines, but it could quietly deliver some very rewarding returns. When you're building wealth for the long term, being boring and dependable is often the best kind of exciting. The post How I'd Use $10,000 to Transform My TFSA Into a Cash-Pumping Portfolio appeared first on The Motley Fool Canada. Before you buy stock in Chorus Aviation Inc., consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Chorus Aviation Inc. wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $21,345.77!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*. See the Top Stocks * Returns as of 4/21/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. 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