09-Aug-2011 9:59 AM
Chorus/Jazz income down 20% in quarter
Analysis
Chorus Aviation posted net income of CAD16.9 million in the second quarter, down 20.3% from 2Q2010. The drop was on a 12% increase in operating revenues to CAD402 million and a 13.5% increase in expenses to CAD378 million. Still, it managed a highly respectable EBITDA margin at 8.4%, despite the fact it was down 10% year on year. EBITDA was CAD33.9 million, down 6%.
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