Chorus Aviation management commentary cites lower fixed margin, leasing revenue as drivers of Q3 2026 adjusted EBITDA decline

• Chorus Aviation management commentary attributed third-quarter 2026 net income growth to CAD 15.6 million primarily to favorable unrealized foreign-exchange movements.
• Adjusted EBITDA fell 7.5% to CAD 47.69 million, reflecting lower aircraft leasing revenue, contracted fixed-margin reductions and weaker incentives.
• Reduced capitalization of major maintenance overhauls also weighed on earnings; stronger Voyageur parts sales and incremental KADEX contributions partly offset declines.
• Adjusted net income slipped 1.6% to CAD 15.12 million, with aircraft disposal gains and lower depreciation cushioning weaker operating performance.
• Nine-month net income declined 41.2% to CAD 36.47 million, primarily reflecting unfavorable unrealized foreign-exchange movements.

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