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Air Canada Jazz

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Air Canada Jazz

IATA Code
QK
ICAO Code
JZA
Corporate Address
310 Goudey Drive
Halifax Stanfield International Airport
Enfield, Nova Scotia, B2T lE4
Website
http://www.flyjazz.ca
Main hub
Halifax Stanfield International Airport
Country
Canada
Business model
Regional/Commuter
Association Membership
ALPA

Based at Halifax Stanfield International Airport, with secondary hubs in Montreal, Toronto and Vancouver, Air Canada Jazz is owned by Jazz Air Income Fund, an independent company operating under licence to Air Canada. Jazz forms an integral part of Air Canada's domestic and transborder market presence and strategy. Using a fleet of Bombardier regional aircraft, Jazz operates an extensive network of services within Canada and the United States.  Air Canada Jazz is an affiliate member of Star Alliance.

Jazz is the second largest airline in Canada based on fleet size and the only airline serving all 10 provinces and three territories. Jazz is an extensive operation, providing more flights and flying to more Canadian destinations than any other Canadian carrier.

Under the Capacity Purchase Agreement (CPA), Air Canada currently purchases substantially all of Jazz's fleet capacity based on predetermined rates. The CPA provides commercial flexibility, low trip costs and connecting network traffic to Air Canada. Also, the CPA significantly reduces Jazz's financial and business risks, and provides a stable foundation for day-to-day operations and future growth.

Location of Air Canada Jazz main hub (Halifax Stanfield International Airport)

Source: CAPA - Centre for Aviation and Google Maps


 
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108 total articles

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6,355 total articles

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Chorus/Jazz income down 20% in quarter

9-Aug-11 9:59 AM

Chorus Aviation posted net income of CAD16.9 million in the second quarter, down 20.3% from 2Q2010. The drop was on a 12% increase in operating revenues to CAD402 million and a 13.5% increase in expenses to CAD378 million. Still, it managed a highly respectable EBITDA margin at 8.4%, despite the fact it was down 10% year on year. EBITDA was CAD33.9 million, down 6%.

Jazz posts net income of CAD14.7 million in 1Q2011

3-Jun-11 10:26 AM

As with its US peers and mainline carriers, Chorus (dba Jazz) reported rising revenues of CAD443 million, up 24.7% from 1Q2010, resulting in net income of CAD14.7 million, down 10.6%. Also, as its peers did, the rising revenues came on falling profits since net income was CAD1.7 million lower than that posted in 1Q2010. Operating income rose 36.2% in the quarter to CAD21.6 million and the company also reported free cash flow rose 35.1% to CAD25.4 million.

Air China tops airline Enterprise Value rankings; Delta second; no LCCs in top 10

16-Mar-11 9:53 AM

It would appear China has already reached its aim of creating a world-beating "super carrier" – at least in terms of financial size. Air China is by far the world’s biggest airline, based on a current ranking of listed airlines’ Enterprise Values (EV) assembled by the Centre for Asia Pacific Aviation (CAPA).

So you think you know your airline market capitalisation: Part 3

10-Mar-11 9:00 AM

The first part of this three-part report on airline market capitalisations described how Air China is valued more on the stock exchange than US carriers United-Continental, JetBlue, Hawaiian Air, AirTran, US Airways, American Airlines, Republic Airways and Skywest combined. In this final section, CAPA reviews some further interesting facts from the equity investment world.

Chorus Aviation (formerly Jazz Air Income Fund) net jumps 35.8%

9-Feb-11 3:40 PM

In its first earnings report since its corporate conversion to Chorus Aviation - formerly Jazz Air Income Fund - posted a 35.78% increase in year-end net income bringing in CAD125.8 million. However, ex special items related to its corporate conversion, the company’s net was CAD55 million.

Why don’t women run airlines? Part 2

8-Dec-10 3:31 PM

In the second of a four-part series on women in aviation, we examine the typical roles occupied by women across the world’s airlines.

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