Sunday, October 25, 2020 4:35:15 PM
https://www.newswire.ca/news-releases/chorus-aviation-announces-second-quarter-2020-financial-results-and-market-update-881329593.html
"Recent Highlights
Net income of $29.2 million, or $0.18 per basic share; a period-over-period decrease of $9.7 million due to the global economic impact of COVID-19 on its results, partially offset by a change in unrealized foreign exchange of $6.3 million.
Adjusted net income1 of $21.6 million, or $0.13 per basic share; a decrease of $2.5 million quarter-over-quarter due to the economic impact of COVID-19 noted above.
Adjusted EBITDA1 of $91.0 million; an increase of $5.3 million over second quarter 2019 primarily generated by the growth in aircraft leasing.
Liquidity, inclusive of available credit, was $189.0 million as at June 30, 2020.
Aircraft transactions completed post the second quarter further increased liquidity by $39.0 million, bringing total liquidity to $228.0 million.
Third-party leasing revenue collected in July grew to 38%, up from approximately 28% in June 2020."
Recent CHR News
- Cheer Holding Subsidiary Recognized as Innovative SME by Beijing Municipal Government • GlobeNewswire Inc. • 04/23/2024 10:30:00 AM
- Cheer Holding Unveils Captivating Original AI Animation "Wasteland" • GlobeNewswire Inc. • 04/09/2024 10:30:00 AM
- Cheer Holding Secures National Patent for Groundbreaking NFT Trading Method and System • GlobeNewswire Inc. • 04/02/2024 10:30:00 AM
- Cheer Holding Releases AI Animated Miniseries "Mystical Realm of Mountains and Seas" • GlobeNewswire Inc. • 03/26/2024 10:30:00 AM
- Cheer Holding Reports Full Year 2023 Financial Results • GlobeNewswire Inc. • 03/14/2024 12:05:34 PM
- CHEERS Telepathy Unveils Year of the Dragon Edition, Elevating AI-Powered Content Marketing to New Heights • GlobeNewswire Inc. • 02/20/2024 12:00:00 PM
- Cheer Holding Secures National Invention Patent for Revolutionary AI Core Technology • GlobeNewswire Inc. • 02/06/2024 12:30:00 PM
- Cheer Holding’s Subsidiary Recognized Once Again as National High-Tech Enterprise, Boosting Business Prospects • GlobeNewswire Inc. • 02/06/2024 11:30:00 AM
- CHEERS Video Announces Product Upgrade and Rebrands as CHEERS Lifestyle Architect • PR Newswire (US) • 12/19/2023 01:00:00 PM
- CHEERS Telepathy Elevates to AI Marketing Tool for Creative Content Across the Value Chain • PR Newswire (US) • 12/12/2023 01:00:00 PM
- Cheer Holding Awarded "Best TMT Company" • GlobeNewswire Inc. • 12/06/2023 01:00:00 PM
- Cheer Holding Unveils AI-Powered Metaverse Retail, Redefining the Future of Shopping with Next-Generation Innovation • GlobeNewswire Inc. • 12/05/2023 01:00:00 PM
- Cheer Holding Announces Share Consolidation of Ordinary Shares • GlobeNewswire Inc. • 11/22/2023 01:00:00 PM
- CHEERS Telepathy APP Officially Launched Following Regulatory Approval • GlobeNewswire Inc. • 11/15/2023 01:00:00 PM
- Glory Star Announces Name and Trading Symbol Change • GlobeNewswire Inc. • 11/08/2023 01:00:00 PM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
Avant Technologies to Implement AI-Empowered, Zero Trust Architecture in Its Data Centers • AVAI • Apr 29, 2024 8:00 AM