June 1, 2011
Chorus Aviation, formerly known as Jazz Air Income Fund, posted a lower first-quarter profit, hurt primarily by higher operating costs.
Net income for the quarter fell by CAD$1.7 million (USD$1.7 million) to CAD$14.7 million from a year ago.
Total operating expenses rose nearly a fourth to CAD$421.4 million.
Operating revenue rose 25 percent to CAD$443 million.
In January, the company became a corporation and changed its name to Chorus Aviation.
