Cargojet CEO says inflation, labour shortages suggest ‘almost recessionary economy’
Web News • 20 May 2022 Click to View 🔗 a new window (or tab) will open to an external site reporting aviation news in Canada.
Cargojet turns to IAI for freighter conversion of 777-300ERs
Web News • 13 May 2022 Click to View 🔗 a new window (or tab) will open to an external site reporting aviation news.
Cargojet Announces Scott Calver as Chief Financial Officer
MISSISSAUGA, ON, May 10, 2022 /CNW/ – (TSX: CJT.UN) today announced that Scott Calver, who most recently served as the Chief Financial Officer of Trimac Transportation (TSX:TMA until 2016) will join Cargojet as its new Chief Financial Officer. Mr. Calver comes to Cargojet with significant financial executive experience including capital markets and operational management in the transportation and logistics sector. […]
Cargojet Increases Quarterly Dividend by 10%
MISSISSAUGA, ON, May 9, 2022 /CNW/ – the Board of Directors of Cargojet Inc. has declared a cash dividend of $0.2860 per common voting share and variable voting share for the period from April 1, 2022, to June 30, 2022, an increase of $0.0260 or 10.0% per share from the previous quarter. “This increase in the cash dividend reinforces our commitment to return […]
Cargojet 767 forced into high-altitude go-around during pressurisation incident
Web News • 2 May 2022 • Thanks to CW Web News • 5 May 2022 Click to View 🔗 a new window (or tab) will open to an external site reporting aviation news.
Cargojet Kicks Off the Year with a Strong Q1
MISSISSAUGA, ON, May 2, 2022 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) announced today financial results for the first quarter ended March 31, 2022. Total Revenues for the quarter were $233.6 million compared to first quarter 2021 Revenues of $160.3 million. Gross Margin for the quarter was $66.9 million compared to first quarter 2021 Gross Margin of $45.3 million. Adjusted EBITDA(1) and Adjusted […]
Cargojet announces long-term strategic agreement with DHL to provide global air-transportation services
DHL to utilize Cargojet’s entire portfolio of services to support its growth DHL to receive warrants, with vesting tied to achievement of commercial milestones up to C$2.3 billion in business volume over 7 years MISSISSAUGA, ON, March 29, 2022 /CNW/ – March 29, 2022 – Cargojet Inc. (“Cargojet“) (TSX: CJT) announced today that it has entered into a new long-term strategic agreement […]
Revenue Diversification Strategy Continues to Deliver
MISSISSAUGA, ON, March 7, 2022 /CNW/ – Cargojet Inc. (“Cargojet” or the “Corporation”) (TSX: CJT) announced today financial results for the fourth quarter and year ended December 31, 2021. Total Revenues for the quarter were $235.9 million compared to fourth quarter 2020 Revenues of $187.1 million. Gross Margin for the quarter was $76.7 million compared to fourth quarter 2020 Gross Margin of $69.3 million. Adjusted EBITDA and […]
Cargojet Renews Air Cargo Services Agreements with Major Domestic Customers
MISSISSAUGA, ON, Jan. 10, 2022 /CNW/ – Cargojet (“CJT”) announced today the early renewal and extension of the Air Cargo Services Agreement with two major domestic customers. The agreements will run for a three-year term and contain two (2) one year renewal options. The original agreements were due for renewal in 2021 and in July 2022. This is […]
Cargojet order launches Mammoth 777-200LR freighter programme
From Flight Global – link to source story By David Kaminski-Morrow | 17 November 2021 Canadian carrier Cargojet Airways has emerged as the launch customer for the Boeing 777-200LR freighter conversion initiated by US-based Mammoth Freighters. Cargojet is to take a pair of the converted twinjets, and will hold options on another pair – as well […]