Cargojet Announces Fourth Quarter Results
MISSISSAUGA, ON, Feb. 26, 2024 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) announced today financial results for the fourth quarter ended December 31, 2023. Revenue for the quarter was $254.7 million compared to fourth quarter 2022 revenue of $271.0 million. Revenue from domestic network, ACMI and All-in Charter for the quarter was $193.1 million compared to $192.8 million in 2022. Total revenue reflected […]
Cargojet Provides Update on Fleet Strategy
MISSISSAUGA, ON, Jan. 15, 2024 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) today provided an update on its ongoing efforts to further streamline its fleet strategy and the associated impacts to capital expenditures and cashflows. “Throughout 2023 we exercised caution in deploying growth capital given the softer economic conditions,” said Dr. Ajay Virmani, Executive Chairman, “Forecasts […]
Cargojet and Canadian North Announce Renewed Cargo Partnership
Renewed Partnership to Increase Cargo Capacity in Canada’s Arctic MISSISSAUGA, ON, Dec. 27, 2023 /CNW/ – Cargojet, Canada’s leading provider of air cargo services, and Canadian North, the Arctic’s leading airline, today unveiled a renewed cargo partnership aimed at increasing capacity to better serve Canada’s Arctic. The renewal deepens a 20-year relationship, furthering their joint mission to connect and support remote and northern […]
Cargojet Announces Leadership Transition and Appoints Co-CEOs
MISSISSAUGA, ON, Nov. 13, 2023 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) is pleased to announce a significant leadership transition. Effective January 1, 2024, Pauline Dhillon, currently serving as Chief Corporate Officer, and Jamie Porteous, currently Chief Strategy Officer, will be appointed Co-Chief Executive Officers (Co-CEOs) and Dr. Ajay Virmani, currently serving as CEO, will be appointed Executive Chairman. […]
Cargojet Announces Leadership Transition as CEO assumes Role of Executive Chairman
MISSISSAUGA, ON, Nov. 13, 2023 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) Board of Directors is pleased to announce a significant leadership transition. After launching Cargojet 22 years ago as Founder and Chief Executive Officer, Dr. Ajay Virmani will be stepping into the role of Executive Chairman effective January 1, 2024 and the Corporation has announced leadership appointments in […]
Cargojet Announces Third Quarter Results
MISSISSAUGA, ON, Nov. 7, 2023 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) announced today financial results for the third quarter ended September 30, 2023. Total Revenues for the quarter were $214.0 million compared to third quarter 2022 Revenues of $232.7 million. Revenues, excluding fuel, was $177.7 million compared to $175.6 million. Adjusted EBITDA for the quarter was $70.0 million compared to the third quarter […]
Cargojet Renews IATA’s IOSA Registration
October 19, 2023 Mississauga, – Cargojet has recently renewed its International Air Transport Association (IATA) Operational Safety Audit (IOSA) registration. IOSA is an internationally recognized and accepted evaluation system designed to assess the operational management and control systems of an airline. IOSA uses internationally recognized quality audit principles to conduct audits in a standardized and […]
Cargojet Delivers Positive Q2 Results
MISSISSAUGA, ON, Aug. 14, 2023 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) announced today financial results for the Second quarter ended June 30, 2023. Total Revenues for the Quarter were $209.7 million compared to second quarter 2022 Revenues of $246.6 million. Revenue excluding fuel surcharge and other revenues came in at $171.6 million compared to $177.2 million. Adjusted EBITDA for the quarter was $74.3 […]
Cargojet successful recertifies its ISO 9001 Quality Accreditation
MISSISSAUGA, ON, July 20, 2023 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) Cargojet announced the successful recertification of its ISO 9001:2015 Quality Standard Accreditation, for the twenty-first consecutive year. Cargojet is the only air cargo carrier in Canada with this accreditation. “This accreditation reinforces the continuity of the value added, safe, on time and reliable service Cargojet provides […]
Cargojet Reports Stable Q1 Performance
MISSISSAUGA, ON, May 1, 2023 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) announced today financial results for the first quarter ended March 31, 2023. Total Revenues for the quarter were $231.9 million compared to first quarter 2022 Revenues of $233.6 million. Gross Margin for the quarter was $45.5 million compared to first quarter 2022 Gross Margin of $66.9 million. Adjusted EBITDA(1) for the […]