Cargojet Inc
CJT
ISIN CA14179V5036 / Valor 47787578
Cargojet Inc
UMushroom community rating:
About company
Cargojet Inc is a Canadian cargo airline company founded in 2002 by Dr. Virmani, who acquired and rebranded its predecessor Canada 3000 Cargo. Cargojet has since grown to become a leader in the air-cargo industry, offering a range of services including sales, customer relations, commercial strategy, operations, network planning, and design. The company has a strong focus on maintaining and developing relationships with strategic partnerships, as well as ensuring regulatory compliance. With over 30 years of experience in the commercial aviation industry, Cargojet continues to expand its global ground operations and support functions under the leadership of key team members like Jamie B. Porteous, Pauline Dhillon, and George Sugar.
Summarized from source with an LLMView SourceSector: Consumer ServicesLatest Results (20.08.2024):
Revenue Growth
Cargojet Inc. reported a significant increase in revenue for the second quarter of 2024, reaching $230.8 million compared to $209.7 million in the same period of 2023. This growth reflects the company's expanding operations and increased demand for its air cargo services.
Net Earnings
For the second quarter of 2024, Cargojet Inc. experienced a net loss of $1.53 per share, a notable decline from the net earnings of $1.81 per share reported in the second quarter of 2023. This shift was influenced by various factors, including increased operating expenses and finance costs.
Operating Expenses
Cargojet Inc.'s operating expenses for the second quarter of 2024 rose to $185.7 million from $167.2 million in the same quarter of 2023. The increase in expenses is attributed to higher fuel costs and maintenance expenses, which impacted the overall profitability of the company.
Gross Margin
The gross margin for Cargojet Inc. in the second quarter of 2024 was $45.1 million, up from $42.5 million in the second quarter of 2023. Despite the increase in revenue, the gross margin growth was modest due to rising direct expenses.
Outlook
Cargojet Inc. remains optimistic about its future performance, projecting continued revenue growth driven by expanding international routes and increased demand for air cargo services. The company is focused on managing costs and improving operational efficiency to enhance profitability in the upcoming quarters.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1147 M
Market cap (USD)
123,247
Daily traded volume (Shares)
104.84 / 101.77
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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