The following is a summary of the Chorus Aviation Inc. (CHRRF) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Chorus reported a Q2 adjusted EBITDA of $51 million with a combination of Jazz and Voyageur contributing strongly.

• A significant decrease in leverage ratio to 3.0 down from 3.3 at the year end, achieved through repayments totaling $79.7 million.

• Free cash flow for the quarter was positive at $28.2 million, primarily from operational activities.

Business Progress:

• Continued operations showing positive results with a focus on Jazz and Voyageur post the sale of RAL segment.

• Active share buyback program with 1.4 million shares repurchased at an average price of $2.15.

• Voyageur showcased growth with a $4.8 million revenue increase from the previous year, through expanding its air ambulance services.

• Discussions ongoing with Air Canada regarding fleet management post-2026.

Opportunities:

• Expected to revitalize capital structure and reduce corporate debt significantly post RAL transaction closure, enhancing financial flexibility for growth and shareholder returns.

• Voyageur identified for growth in specialty aviation operations, showing particular strength in ongoing contracts such as air ambulance services.

Risks:

• Recognized economic certainty with regards to aircraft redeployment or sale as several come off lease with Air Canada post-2026.

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