Chorus Aviation's Jazz Airlines outpaces US peers

While its US counterparts struggle to restructure, Chorus Aviation, the holding company operating Jazz Airlines, posted net income of CAD13.9 million in the third quarter on CAD411.7 million in operating revenues up 8.6%. Net income was down from the CAD16.3 million posted in the year-ago quarter.

But it is not all easygoing for the Canadian regional since it faces a benchmarking process on costs. Air Canada has already shocked its regional partner with its presumptions, playing with compensation definitions that could cost Chorus CAD26 million. Chorus warned that its controllable mark up may be reduced as a result of the process.