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Cargojet Inc T.CJT

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

Cargojet Inc. is a Canada-based provider of time sensitive air cargo services to all major cities across North America, providing dedicated, aircraft, crew, maintenance and insurance (ACMI) and international charter services. The Company's main air cargo business is comprised of operating a domestic network air cargo co-load network between sixteen major Canadian cities and providing dedicated aircraft to customers on an ACMI basis, operating between points in Canada, the United States, Mexico, South America, Asia and Europe. It also operates scheduled and ad hoc international routes for multiple cargo customers between United States and Bermuda, between Canada, United Kingdom and Germany; between Canada and Asia; and between Canada and Mexico. Its charter services include Go Now, dangerous goods, heavy & oversized cargo, humanitarian and relief, remote destinations, automotive, and oil and gas. The Company operates its network with its own cargo fleet of approximately 41 aircraft.


TSX:CJT - Post by User

Comment by Pachukoon Mar 01, 2021 12:06pm
255 Views
Post# 32685751

RE:RE:RE:RE:Down 25% on earnings

RE:RE:RE:RE:Down 25% on earningsAmazon is building its own hub to compete with UPS and Fedex and Air Canada is opening a door to door cargo business in Canada like UPS and Fedex and they have the destination airports to make it work. On top of that a decline in revenue due to retail opening up again. Also CEO sold off 46% of his position this year. All of this does not spell big upside and created a perfect storm. $315 is sooo wrong. Closer to $115 i would expect. maybe not that low quickly but there is a lot of pressure on this staying at the levels it has reached. The current drop is not a surprise. i think there has been some pent up selling pressure that has shown over the past couple of weeks and this is going to continue. 
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