Cargojet Inc T.CJT

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

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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

Cargojet Inc

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Post by retiredcfon Nov 07, 2021 6:27am

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Post# 34096989

Stars and Dogs

But this one has a bit of a positive spin. GLTA

Cargojet (DOG)

Shares of Cargojet soared when people started ordering everything online during the pandemic. But this week, the stock came in for a bumpy landing. It’s not that business is slowing; third-quarter revenue surged nearly 17 per cent as supply-chain disruptions and trucking shortages boosted demand. But investors are apparently nervous that Cargojet is adding aircraft capacity when cargo “belly space” in passenger planes is starting to rebound, creating more competition. RBC analyst Walter Spracklin said the fears are overblown and expects demand for dedicated carriers will remain “robust.” But investors aren’t unbuckling their safety belts just yet.

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