Cargojet Inc T.CJT

Alternate Symbol(s): CGJTF | T.CJT.DB.E | T.CJT.DB.F

Industrials

Cargojet Inc. is a Canada-based company, which is a provider of time-sensitive premium air cargo services to all major cities across North America. The Company also provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis, operating between points in Canada, the United States of America, Mexico, South America, Europe, and Asia. The Company operates scheduled international routes for multiple cargo customers between the United States of America and Bermuda, Canada, the United Kingdom, and Germany, and between Canada and Mexico. The Company offers ACMI, and international charter services and carries approximately 25,000,000 pounds of cargo weekly. It operates its network with its own fleet of 39 aircraft.

TSX:CJT - Post by User

Cargojet Inc

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Post by DanielDarden123on Jan 16, 2022 1:34pm

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Post# 34321883

CIBC ‘22

Our Conclusion

CJT announced the early renewal and extension of the Air Cargo Services Agreement with two major domestic customers. This again reinforces our view around the competitive moat surrounding CJT's domestic operations. We continue to argue that fears around new competition eating away at CJT's domestic market share are misplaced. Its network advantage and strong service model are difficult to replicate. We rate CJT an Outperformer with a $245 price target.

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