The company, which leases planes across the globe and provides regional service for
Chief executive
"Change is in the air and our industry has arrived at an important inflection point," he told investors on a conference call Thursday.
"The regional aviation sector is leading the recovery of domestic air transportation in many parts of the world."
Randell said he expects flying activity to reach about 75 to 80 per cent of pre-pandemic levels in the fourth quarter. A return to full operations by late in the second quarter "could be very achievable."
"This last quarter is when we've really seen it start to pick up. And that's why we have this optimism, and we're seeing the request for proposals out there now from carriers," Randell said.
"But again, it depends. It depends on the demand on the
Lease rates for Chorus planes also remain slightly lower than pre-pandemic levels, said chief financial officer
Chorus reported Wednesday evening a net loss of
Operating revenue hit
Adjusted net income rose to
Analysts had expected
This report by
Companies in this story: (TSX:CHR, TSX:AC)
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