Chorus Av. repositions itself

Chorus Aviation had three good quarters in 2012 and was looking to make $.90 a share for the year.This would be almost double results for2011.But the fourth quarter was a bit sour.I believe that the fourth quarter will lead Chorus to reposition itself.On the bright side Air Canada(it's partner) is experiencing record load factors and traffic and passenger revenues since about October 2012.This delivers more passenger revenue to Chorus.Air Canada has had capacity increases so higher load factors may not affect passenger comfort.The benchmark decision with Air Canada has not b een finalized yet.This may affect Chorus buying new Q400 airplanes quicker.
Chorus lost it's Thomas Cook contract but Cook had to pay an early termination fee of $9 million.Chorus should be still getting revenue from it's Uruguay investment.Now Chorus is getting revnue from it's improved maintenance facility in Halifax and from leasing it's Q400 aircraft.This has got to increase in 2013.Chorus plans to spend up to $40 million on it's maintenance facility in 2013.Continued passenger revenue increases from Air Canada and increases in revenue from leasing and maintenance may make Chorus shareholders forget about Thomas Cook .Chorus may not need to buy back shares of to 11 million.Either way look for earnings per share of $.90 for 2013.
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