Cargojet tops $1 billion in full-year revenue for first time ever
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 17/02/2025 (293 days ago), so information in it may no longer be current.
MISSISSAUGA, Ont. – Cargojet Inc. says full-year sales topped $1 billion in a record for the air freight company, while fourth-quarter revenues jumped by a third.
It is reporting revenues for all of 2024 rose 14 per cent to reach just over $1 billion.
Cargojet says net income rose to $71.2 million in the three months ended Dec. 31 compared with a loss of $34.9 million in the same period the year before.
A Cargojet plane sits on the tarmac at the John C. Munro Hamilton International Airport in Hamilton, Ont., Friday, Feb. 23, 2024. THE CANADIAN PRESS/Nick Iwanyshyn
It says fourth-quarter revenues increased to $293.2 million versus $221.9 million a year earlier.
On an adjusted basis, the Mississauga, Ont.-based company says earnings surged more than 400 per cent year-over-year to $1.71 per share from 34 cents per share, beating analysts’ forecasts of $1.62 per share, according to financial markets data firm Refinitiv.
Co-CEO Pauline Dhillon says the team overcame tough weather during the peak holiday sales season to boost the number of hours flown by 16 per cent year-over-year last quarter.
This report by The Canadian Press was first published Feb. 17, 2025.
Companies in this story: (TSX:CJT)