Cargojet Inc T.CJT.DB.E

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

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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 21, 2024 8:17am

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Post# 36323343

RBC

November 21, 2024

Cargojet Inc.

Connecting the Dots: Purolator update shows Canada Post strike actually a good thing for Cargojet

TSX: CJT | CAD 123.39 | Outperform | Price Target CAD 189.00

Sentiment: Positive

Our view. Purolator yesterday issued an update highlighting that it is primed to receive an anticipated increase in volume as a result of the Canada Post strike and ahead of the upcoming holiday shipping season. We view this as a positive for Cargojet as it highlights the Canada Post strike is in fact driving additional volumes onto Cargojet’s network, and is therefore not the negative some investors were fearing. Moreover, Purolator flagged that it has already seen double-digit growth in its volume, week on week, and it expects that demand will continue to increase with the ongoing labour disruption, and as holiday shipping ramps up. We see this as pointing to a strong peak season in line with our forecast for a +12% increase in block hours in Q4.