The following is a summary of the Chorus Aviation Inc. (CHRRF) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Chorus Aviation reported an adjusted EBITDA of $54 million for Q3 2024 with a year-to-date total of $159 million.

• Free cash flow stood at $32 million for the quarter, showing robust operating cash flows.

• The leverage ratio improved from 3.3 to 3.0 due to long-term debt repayments of $94 million.

• Adjusted earnings per share from continuing operations were $0.06, with a pro forma adjusted earnings per share of $0.08 for the quarter, improving to $0.25 for the nine months ending September 30, 2024.

• Pro forma financial figures reflect significant financial flexibility and improved free cash flow post the sale of the RAL segment.

Business Progress:

• Chorus is finalizing the sale of the Regional Aircraft Leasing (RAL) segment, expected to close by the end of 2024.

• Renewed six Q400 CPA aircraft leases with Air Canada extending to 2026, supporting future revenue.

• Added capacity for pilot training through Cygnet Aviation, reflecting growth in human capital and operational capabilities.

• Voyageur has expanded its parts sales business and defense-related contracts, contributing to a revenue increase and operational enhancement.

Opportunities:

• The completion of the RAL segment sale will enable a focus on strengthening share price and shareholder returns.

• Continued development in pilot recruitment and training at Cygnet Aviation introduces broader career opportunities and flexibility for pilots, enhancing Chorus's strategic human capital growth.

Risks:

• Projections indicate continued reliance on the Regional Aviation Services segment post-RAL segment sale, implying potential exposure to market risks associated with this sector.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.