Our assessment of the economic impact of COVID-19 on Chorus Aviation Capital's overall leasing portfolio with a net book value of $1.5 billion, led to a non-cash impairment provision of $9.5 million in the quarter, representing less than 1% of Chorus' leased aircraft portfolio. Click here for more on how to use these ratings. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Details are provided in the Outlook section of Chorus' Management's Discussion and Analysis ('MD&A') dated August 12, 2020. AC Investment Inc. delivers machine learning based share price forecast. This score is especially useful in surfacing red flags you may want to investigate prior to making an investment in a company. Nov. 18, 2019, 10:04 AM.
statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, Adjusted EBT (EBT before signing bonuses, employee separation program costs, impairment provisions, lease repossession costs net of security packages recovered, strategic advisory fees and other items such as foreign exchange gains and losses) is a non-GAAP financial measure used by Chorus as a supplemental financial measure of operational performance. Copyright © 2020 CNW Group Ltd. All Rights Reserved. employee of Morningstar, Inc., Mr. Davidson is guided by Morningstar, Inc.'s Code of Ethics Copyright © FactSet Research Systems Inc. All rights reserved. The Regional Aviation Services segment's adjusted EBITDA decreased by $2.9 million. Chorus began earning leasing revenue from the three delivered CRJ900s in June 2020.
International stock quotes are delayed as per exchange requirements. These lease commitments are subject to satisfaction of customary conditions precedent to closing including receipt of financing for the aircraft.
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Different from the Value Score, the Fundamental Score is a series of pass/fail tests that help determine the financial health and stability of a company.
4 Wall Street analysts have issued ratings and price targets for Chorus Aviation in the last 12 months.
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Chorus received approximately 38% of its lease revenue billed in July 2020. A playback of the call can also be accessed until midnight ET, August 20, 2020 by dialing toll-free 1-855-859-2056, and using passcode 1019496#. Due to the economic impact of COVID-19, Chorus delayed the delivery of six of the nine planned CRJ900 deliveries until December 2020.
ET on Thursday, August 13, 2020 to discuss the second quarter 2020 financial results.
", "Since the start of this crisis, we've had to make very difficult but necessary decisions, including the reduction to our workforce by approximately 65%, or almost 3,200 employees. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000.
is responsible for overseeing the methodology that supports the quantitative fair value. Companies withratings are not formally covered by a Morningstar analyst, but are Chorus received $10.4 million or approximately 28% of lease revenue billed in the second quarter from its lessees. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those indicated in the forward-looking information.
Chorus Aviation announces $75 million bought deal offering of 5.75% Senior Unsecured Debentures . Voyageur's MRO and parts sales operations experienced lower demand during the quarter due to the impact of COVID-19. CreditRiskMonitor is a financial risk analysis and news service for credit, supply chain and financial professionals.
Contingent upon qualification, Jazz plans to utilize the Canada Emergency Wage Subsidy for the remainder of the program to December 31, 2020. Click here for more on how to use these ratings. These are unprecedented times; I respect and understand the tough choice our partner, Air Canada, has had to make. Analyst Ratings are available for US and Canadian equities.
click The Regional Aircraft Leasing segment leases aircraft to third parties through Chorus Aviation Capital Corp. Its portfolio of leased aircraft includes approximately 60 aircraft comprising ATR 72-600s, Dash 8-400s, CRJ1000s, CRJ900s, E190s, E195s and Airbus A220-300s.