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Cargojet Inc T.CJT

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

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

Comment by Defiance2050on Aug 13, 2022 10:20am
100 Views
Post# 34893834

RE:Analyst Comment

RE:Analyst Comment
retiredcf wrote: May have had something to do with yesterday's decline. GLTA

https://www.bnnbloomberg.ca/video/david-burrows-discusses-cargojet~2500280

HOLD
Cargojet Inc(CJT-T)
10/08/2022 at 08:00pm
 
Benefited during pandemic as the only game in town. AC took a bit of wind out of their sails. Good company. Neutral performer, no near-term catalysts. If you have it, you can hold. He wouldn't add now.
TRANSPORTATION & ENVIRONMENTAL SERVICES
 
David Burrows
$153.690
Unknown
 


Guess this analyst hasn't checked out the passenger transportation any time recently and other logistical time restraints. 

Passenger flights that are frequently losing bags, flights being cancelled, inconsistent timing. Companies are willing to pay to ensure certain products arrive on a timely manner. 

Still have to wait and see as additional planes are brought online including more for DHL. Amazon's product department is having a cash drain and over-rented warehouses. Amazon is likely to not purchase cargo planes (unless they start supplementing cash flow from AWS Cloud).

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