Bullboard - Stock Discussion Forum Cargojet Inc CGJTF

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

Industrials

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... see more

Add To Watchlist

TSX:CJT - Post Discussion

Cargojet Inc > Stars and Dogs

View:

Post by retiredcf on Nov 07, 2021 6:27am

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.

227