Posted on: 31 May 2011 by Ross McSweeny
Chorus Aviation, which operates for Air Canada and Thomas Cook, has announced its first quarter 2011 earnings with a net income of $14.7 million.
Operating revenue for the quarter was up 24.7% at $443.0 million, with operating income of $21.6 million, up 36.2%.
"We continue to build our reputation for consistently delivering strong quarterly results, and once again I’m pleased with our performance in the first quarter of this year," commented Joe Randell, president and chief executive officer, Chorus. "We believe that our overall strategy and continued focus on cost management will serve us well and contribute to our long-term success. Earlier this month we took delivery of our first Q400 NextGen aircraft. I’m confident this milestone will create more value for our stakeholders as a result of its enviable fuel burn efficiency and operating economics."