Business
Chorus Aviation Inc. Announces First Quarter 2026 Financial Results
Chorus Aviation Inc. ('Chorus') (TSX: CHR) today announced its first quarter 2026 financial results.
About this update from Chorus Aviation Inc.
[{"type":"text","content":"Stable Cash Flow Profile, Strategic Expansion, Continued Capital Returns","length":72,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Net income of $7.0 million compared to a net income of $18.9 million for Q1 2025.","length":81,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted Net Income1 of $12.6 million compared to $15.4 million for Q1 2025.","length":81,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted Net Income per Common Share, basic of $0.54 compared to $0.57 for Q1 2025.","length":83,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA of $44.3 million compared to $56.9 million for Q1 2025.","length":71,"tagName":"p"}]},{"val":[{"type":"text","content":"Free Cash Flow of $27.0 million compared to $40.6 million for Q1 2025.","length":70,"tagName":"p"}]},{"val":[{"type":"text","content":"Free Cash Flow per Common Share, basic of $1.16 compared to $1.51 for Q1 2025.","length":78,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted Net Debt/Adjusted EBITDA ratio of 1.5 compared to 1.7 at December 31, 2025.","length":84,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":548,"olType":false},{"type":"text","content":"HALIFAX, NS, May 7, 2026 /CNW/ - Chorus Aviation Inc. ('Chorus') (TSX: CHR) today announced its first quarter 2026 financial results.","length":141,"tagName":"p"},{"type":"text","content":""Our first quarter results were in line with expectations, reflecting the stability of our contracted business and consistent execution across the organization," said Colin Copp, President and Chief Executive Officer, Chorus. "During the quarter, we advanced our strategy to diversify and strengthen our platform, including the acquisition of KADEX Aero Supply, which expands our high-margin aftermarket capabilities and enhances our position in the aviation supply chain and defence markets. We ended the quarter with strong liquidity and a leverage ratio of 1.5x, providing flexibility to invest in growth while continuing to return capital to shareholders."","length":680,"tagName":"p"},{"type":"text","content":""Together with the declaration of our quarterly dividend, ongoing aircraft monetization and continued share repurchases, these actions reflect our disciplined approach to capital allocation and confid...