Is Chorus Aviation repositioning?

An earlier blog made the statement that Chorus Aviation seemed to be repositioning itself after the loss of the prestigious Thomas Cook contract.Since that time Chorus Aviation has fallen and stayed at that level.It is about two months away from reporting it's next quarter.Soon shareholders will start to take a closer look at Chorus management.Two redeeming features of management is that it has invested in it's maintenance facilities in Halifax and it is making money from leasing it's new aircraft(Q400 aircraft).

However the best and easiest comparison is to compare it to Air Canada,it's partner in regional air delivery.Air Canada's share price has tripled in the last four months ;it used to trade around $.90 and now it is around $2.70.Chorus is supposed to share in revenue from regional delivery in Canada.Over the same period Chorus has moved up maybe 15 to 20%.This is somewhat startling but maybe Chorus can pull out a good quarter.On the other hand Chorus was trading about $4.70(for about a week) in expectation of a good fourth quarter.When this did not happen the share price fell back to $3.90.Now as a consequence lots of people(including me )want a good quarter or else maybe somebody's job.