Chorus Aviation Inc. (CHR) Earnings Call Transcripts

Chorus Aviation Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of fiscal year 2026, Chorus Aviation Inc. reported a stable performance with adjusted EBITDA of $44.3 million, down from $56.9 million in Q1 2025, reflecting expected declines in aircraft leasing revenue. The company maintained a strong liquidity position of $219 million and announced a 38% increase in its quarterly dividend to $0.11 per share. Management emphasized the strategic acquisition of KADEX Aero Supply, which is expected to be immediately accretive to earnings and free cash flow, while also maintaining a disciplined capital allocation strategy with plans to deploy $500 million to $550 million over the next four years.

Reported metrics

Guidance from management

Management maintained its guidance for disciplined capital allocation, targeting $500 million to $550 million over the next four years, including share buybacks and dividends. They expressed confidence in the ongoing execution of their strategy.

What management said

Yes. Fair enough. It's Gary here. When we look at KADEX, I think right now, it's a bit early to talk about seasonality, but they seem to be fairly steady across the year. They could have some peaks and valleys like any business that sells parts. But I think if you go with what we put out in the marketplace there with the $50 million purchase price, 7.5x multiple, you can kind of figure out what a quarterly earnings p...

It's Colin here. Yes, I think on the -- if you just think of Voyageur, we were expecting -- last year, we were talking a little bit there about some fairly large part sales. Those have come in now. They missed the quarter, unfortunately, and kind of slid into April, but they're done. So you're going to see that reflected in the Q2 numbers. So we're pretty happy with that. We feel like they're pretty much on track. Bu...

What analysts pressed on

Analysts expressed concerns regarding the decline in EBITDA and free cash flow, questioning the impact of contractual reductions in leasing revenue. There were also inquiries about the timing of recovery in Voyageur's revenue and the potential for margin stability moving forward.

Main topics on the call

• KADEX Acquisition — Chorus closed the acquisition of KADEX Aero Supply for approximately $50 million, which is expected to be immediately accretive to earnings and free cash flow, generating mid-teens returns. Management stated, "This trans...
• Dividend Increase — The company announced a 38% increase in its quarterly dividend to $0.11 per share, reflecting confidence in its cash flow and capital allocation strategy. Management noted, "The dividend is sustainable with capacity to g...
• Free Cash Flow Decline — Free cash flow decreased to $27 million or $1.16 per share, down from $40.6 million or $1.51 per share in Q1 2025, primarily due to lower adjusted EBITDA. Management acknowledged the impact of "contractual reductions in ...
• Aircraft Sales Progress — Chorus reported progress in selling 9 Dash 8-400 aircraft, with 4 sold for proceeds of USD 25.6 million. The remaining 5 aircraft are expected to close by July 2026 for net proceeds of approximately USD 36.4 million, bri...

Read the full Chorus Aviation Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 Chorus Aviation Inc. earnings call transcripts on record, spanning February 13, 2020 to August 5, 2026. Based on this history, Chorus Aviation Inc. reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CHR

Exchange

TSX

Country

CA

Sector

Industrials

Industry

Passenger Airlines

Calls on record

28

First call

February 13, 2020

Most recent

August 5, 2026

Reporting cadence

quarterly