Bullboard - Stock Discussion Forum 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... see more

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TSX:CJT - Post Discussion

Cargojet Inc > RBC

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Post by retiredcf on Nov 21, 2024 8:17am

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.