Chorus Aviation announces solid second quarter 2017 earnings

In the second quarter of 2017, Chorus reported adjusted EBITDA of US$65.5m versus US$57.8m in 2016; an increase of US$7.7m or 13.3%. Adjusted net income was US$26.7m for the quarter, an increase from the second quarter of 2016 of US$4.9m or 22.3%. The change was a result of the US$7.7m increase in adjusted EBITDA previously described, plus a US$3.5m decrease in income taxes. Net income was US$40.8m for the quarter, an increase of US$17.2m from the second quarter of 2016. The increase was due to the previously noted US$4.9m increase in adjusted net income. For the six months ended June 30, 2017, Chorus reported adjusted EBITDA of US$119.6m versus $108.7m in 2016; an increase of US$10.8m or 10.0%.