Cargojet Inc T.CJT

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

Industrials Airports & Air Services

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 > TD

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Comment by retiredcfon Jan 08, 2025 8:45am

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Post# 36393817

RE:TD

A few more details. GLTA

CJT: We forecast 26% revenue growth y/y to $281 million (cons: $270 million). Domestic network revenue growth forecast of 9.7% y/y based on strong e-commerce demand and contract pricing. We do not expect Canada Post strike to have material impact given CPGOC contract contains minimal volume guarantees and our belief any diverted volume could have still ended up on CJT aircraft given its dominant market position (approx. 90% share). We estimate 21.0% ACMI revenue growth based on pricing and payload. Charter revenue is forecast to increase 70% based on the new Great Vision agreement and benefit from Canadian port strike disruption. We forecast adjusted EBITDA of $91.5 million (cons: $90.5 million), up 12.2% y/y, based on 10 bps of margin expansion due to fuel and aircraft utilization, partially offset by heightened pilot overtime and training costs.

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Corus reports Q1 profit drop in the face of falling revenue