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CHRRF - Chorus Aviation: Updated Perspective After Q2
Chorus Aviation Inc
Chorus Aviation (CHRRF) recently reported its Q2 results including $184 million in operating revenue - down 45% from a year earlier due to obvious drops in demand amid travel restrictions. Based on available financial market data, Chorus was able to beat the consensus EPS of $0.11 - on an adjusted basis (Source: Timescolonist) - which lifted shares by around 10% (TSX:CHR) before dropping back in recent days on macroeconomic sentiment. The stock still trades around 40% higher than the 52-week low but far from the 52-week high (2.2x lower). In my view, the