May 31, 2011 / 9:03 PM / 6 years ago

UPDATE 1-Chorus Aviation Q1 profit falls

* Q1 profit down C$1.7 mln to C$14.7 million

* Q1 oper rev up 25 percent (Follows alerts)

May 31 (Reuters) - Chorus Aviation Inc CHRb.TO, 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 C$1.7 million ($1.7 million) to C$14.7 million, or 12 Canadian cents a share, from a year ago.

Total operating expenses rose nearly a fourth to C$421.4 million.

Operating revenue rose 25 percent to C$443 million.

In January, the company became a corporation and changed its name to Chorus Aviation.

Shares of the company closed at C$4.83 on Tuesday on the Toronto Stock Exchange. ($1 = 0.977 Canadian Dollars) (Reporting by Aftab Ahmed in Bangalore; Editing by Sriraj Kalluvila)

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