Cargojet Inc CGJTF

Primary Symbol: T.CJT Alternate Symbol(s): 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.

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Cargojet Inc

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Post by retiredcfon May 02, 2022 11:24am

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Post# 34647627

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On the rise

Cargojet Inc. was flat after it hiked its dividend and reported first-quarter revenues of $233.6-million up from $160.3-million a year ago and ahead of expectations of $208.6-million.

Its net loss for the quarter was $56.4-million (or net income of $30.4-million excluding warrant valuation loss) compared to net income of $89.4-million in 2021 (net income of $7.5-million excluding warrant valuation gain).

Cargojet also said it would increase its quarterly dividend by 10 per cent to 28.6 cents per share.

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