Chorus Aviation issues third quarter earnings - Adjusted net income of $27.7 million, $0.23 per shar

We are pleased to report adjusted net income of $27.7 million for the third quarter of 2013, one of our highest in any quarter since converting from an income fund to a corporate structure on December 31, 2010," stated Joseph Randell, President and Chief Executive Officer, Chorus. "Further, we generated $55.8 million in EBITDA, an increase of $4.3 million or 8.2% over the third quarter of 2012. The growth in EBITDA during the quarter was primarily attributable to the addition of six new Q400 aircraft to the fleet in the first quarter of this year which coincided with the retirement of the last CRJ-100 aircraft. During the past four years we have replaced a total of 32 50-seat CRJ aircraft with 21 new and more efficient 74-seat Q400s."