TSX:CHRAirlines
Chorus Aviation (TSX:CHR) Stock Premium Faces Profitability Reality Check
Chorus Aviation shares closed at CA$27.00 after a run of gains in recent weeks, yet today’s Q2 release puts the spotlight on something far less emotional. The stock has climbed roughly 12% over the past three months while the headline story is a clean return to quarterly profitability with basic earnings per share of CA$0.60.
The market has been paying up for that shift, with the stock trading on a P/E of 13.8x compared with slightly lower peer and industry averages. The real question now is...