|Bid||2.8400 x N/A|
|Ask||2.8800 x N/A|
|Day's Range||2.8200 - 2.8900|
|52 Week Range||1.8000 - 8.4500|
|Beta (5Y Monthly)||2.20|
|PE Ratio (TTM)||5.61|
|Earnings Date||May 14, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 30, 2020|
|1y Target Est||5.42|
HALIFAX , May 25, 2020 /CNW/ - Chorus Aviation Inc. ('Chorus') (CHR.TO) is proud to announce that its subsidiary, Jazz Aviation LP ('Jazz'), is a recipient of the 2019 Outstanding Commitment to Employment Equity award. Each year, Employment and Social Development Canada recognizes federally regulated private-sector employers and federal contractors for their efforts in implementing employment equity in their workplaces. Previously, Jazz received the Sector Distinction award in 2018 and 2017.
HALIFAX , April 28, 2020 /CNW/ - Chorus Aviation Inc. ("Chorus") announced today that it has executed the US$100 million unsecured revolving credit facility first announced on April 6, 2020 . "In today's challenging and uncertain environment, bolstering our liquidity is of utmost importance to position Chorus as a strong organization that is ready to resume normal operations when this pandemic abates," said Joe Randell , President and Chief Executive Officer, Chorus. It contains customary covenants and events of default, including restrictions on share repurchases and the payment of dividends consistent with Chorus' operating facility, a mandatory prepayment upon the occurrence of a change of control of Chorus, and event of defaults that would be triggered upon the acceleration of Chorus indebtedness in excess of US $10.0 million or any event of default under any other indebtedness owed by Chorus to the lender.
HALIFAX , April 27, 2020 /CNW/ - Chorus Aviation Inc. ("Chorus") announced today that it has entered into a shareholder rights plan (the "Rights Plan") effective as of April 27, 2020 . The Rights Plan is designed to ensure that all Chorus shareholders are treated fairly in connection with any take-over bid and to protect against "creeping bids", which involve the accumulation of more than 20%, on an aggregate basis, of the Chorus' Class A Variable Voting Shares and Class B Voting Shares (collectively, the "Shares") through purchases exempt from applicable take over-bid rules. The Rights Plan is similar to plans recently adopted by other Canadian companies and approved by their shareholders, and has not been implemented in response to, or in anticipation of, any pending or threatened take-over bid.
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
HALIFAX , April 9, 2020 /CNW/ - Chorus Aviation Inc. ("Chorus") is announcing the intention of its subsidiary, Jazz Aviation LP ("Jazz"), to adopt the Canadian Emergency Wage Subsidy ('CEWS'). Due to the COVID-19 pandemic, the Air Canada Express flying operations undertaken by Jazz have been reduced by approximately 90% until at least the end of May, and Jazz expects to incur significant revenue losses for the last half of March and the second fiscal quarter. Any near-term recovery in Jazz's flight operations depends exclusively on the lifting of domestic and trans-border travel restrictions and protocols.
HALIFAX , April 6, 2020 /CNW/ - Chorus Aviation Inc. ('Chorus' or the 'Company') provides the following update on the impact of the coronavirus (COVID-19) outbreak on its business and its initiatives to preserve liquidity. The COVID-19 outbreak has led to worldwide economic uncertainty with companies around the globe taking painful steps to manage through this unprecedented, ever changing event. The International Air Transport Association is currently estimating a US$252 billion year-on-year loss in passenger revenue worldwide.
To the annoyance of some shareholders, Chorus Aviation (TSE:CHR) shares are down a considerable 41% in the last month...
Chorus currently has a strong liquidity position with a current cash balance of C$132 million . HALIFAX , March 18, 2020 /CNW/ - Chorus Aviation Inc. ('Chorus' or the 'Company') is providing a statement on the impact of the coronavirus (COVID-19) outbreak on its business. The outbreak combined with the measures taken to contain the spread of COVID-19 have resulted in significant reductions in airline passenger volumes, requiring airlines around the world to take immediate measures to reduce costs.
HALIFAX , March 6, 2020 /CNW/ - Chorus Aviation Inc. ('Chorus') (CHR.TO) is honoured to announce that its subsidiary, Jazz Aviation LP ('Jazz'), has been named one of Canada's Best Diversity Employers for the ninth consecutive year by MediaCorp Canada Inc. "At Jazz, we encourage work environments that build on the diverse perspectives, experiences and abilities of our employees," said Randolph deGooyer, President, Jazz. Canada's Best Diversity Employers recognizes the nation's top employers who have exceptional workplace diversity and inclusiveness programs.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
Dividend paying stocks like Chorus Aviation Inc. (TSE:CHR) tend to be popular with investors, and for good reason...
HALIFAX , Jan. 20, 2020 /CNW/ - Chorus Aviation Inc. ('Chorus') (TSX: CHR) announced that its subsidiary Jazz Aviation LP ('Jazz') has been selected as one of Nova Scotia's Top Employers by MediaCorp Canada Inc. "Jazz is proud to be headquartered in Nova Scotia and we believe in creating opportunities in this region by providing a workplace where employees have the skills and support, they need to succeed," said Randolph deGooyer, President, Jazz. Nova Scotia's Top Employers is an annual competition that recognizes employers leading their industries in offering exceptional workplaces.
HALIFAX , Jan. 17, 2020 /CNW/ - Chorus Aviation Inc. ('Chorus') (CHR.TO) is honoured to announce that its subsidiary Jazz Aviation LP ('Jazz') was named one of Canada's Top Employers for Young People for the eighth time. Canada's Top Employers for Young People is an editorial competition organized by the Canada's Top 100 Employers project. This special designation recognizes employers that offer the nation's best workplaces and programs for young people joining the workforce.