Chorus Aviation Second Quarter 2024 Earnings: Misses Expectations

Chorus Aviation (TSE:CHR) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$351.2m (down 12% from 2Q 2023).
• Net income: CA$571.0k (down 94% from 2Q 2023).
• Profit margin: 0.2% (down from 2.6% in 2Q 2023).
• EPS: CA$0.003 (down from CA$0.053 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Chorus Aviation Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates.

Looking ahead, revenue is expected to decline by 8.0% p.a. on average during the next 3 years, while revenues in the Airlines industry in North America are expected to grow by 7.0%.

Performance of the market in Canada.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Chorus Aviation is showing 4 warning signs in our investment analysis and 2 of those don't sit too well with us...

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