Cargojet Inc
TSX:CJT

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Cargojet Inc
TSX:CJT
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Price: 75.74 CAD -1.25% Market Closed
Market Cap: 1.1B CAD

Cargojet Inc
Investor Relations

Cargojet Inc., a titan soaring through the skies of the Canadian air freight industry, epitomizes the seamless marriage between modern logistics and aviation. Established in 2002, the company has crafted a niche as the preeminent provider of time-sensitive overnight air cargo services. Headquartered in Mississauga, Ontario, Cargojet’s strategic position allows it to optimize its extensive network—spanning over a dozen Canadian cities—catering to the needs of businesses with impeccable precision. Cargojet is the lifeblood of e-commerce and supply chain solutions within Canada, operating more than 1,300 flights per month on its fleet of Boeing 767 and 757 aircraft, transforming the country into a well-connected network of commerce.

The company's revenue model thrives on contracts and partnerships with major logistics firms, couriers, and other corporate clients, offering guarantees of timely and efficient delivery. Cargojet has effectively aligned its strategy with the burgeoning e-commerce industry, benefiting from its collaborations with major retailers and parcel delivery giants. This symbiotic relationship ensures almost boundless freight capacity during peak seasons, creating a robust cash flow and a dependable revenue stream. Through diversification and secure contractual agreements, Cargojet has not only established itself as a stalwart in overnight delivery but also positioned itself as a critical partner in the logistical frameworks that keep economies relentlessly ticking.

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CJT
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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 5, 2025
AI Summary
Q3 2025

Leadership Transition: Jamie Porteous will step back from daily operations, with Pauline Dhillon confirmed as the next CEO effective January 1, 2026. Jamie will remain as a strategic adviser.

Domestic Strength: Domestic revenue rose by about 6% year-over-year, driven by e-commerce growth and inflation-based price increases.

ACMI & Charter Headwinds: Revenue from ACMI and charter segments declined year-over-year due to global trade disruptions, tariffs, and lower China flight frequencies.

Margins: Adjusted EBITDA margin remained around 32%, consistent with historical results, as cost control measures offset revenue declines.

CapEx & Fleet: Growth capital expenditures were $22 million in Q3, with maintenance CapEx at $45.5 million; growth CapEx for 2026 is expected to be minimal.

Guidance: Q4 is expected to be stronger than Q3 due to seasonal demand, but the magnitude of the increase will be less than in past years, with 2026 outlook marked by continued uncertainty.

Key Financials
Domestic Revenue
just under $100 million
Adjusted EBITDA Margin
roughly 32%
Growth Capital Expenditures
$22 million
Maintenance Capital Expenditures
$45.5 million
Net Year-to-date Capital Expenditures
just over $170 million
Q4 Gross Capital Expenditures Guidance
$45 million to $55 million
Earnings Call Recording
Other Earnings Calls

Management

Dr. Ajay Kumar Virmani MBA
Founder & Executive Chairman
No Bio Available
Ms. Pauline Dhillon
Co- Chief Executive Officer
No Bio Available
Mr. Scott D. Calver
Chief Financial Officer
No Bio Available

Contacts

Address
ONTARIO
Mississauga
2281 North Sheridan Way
Contacts
+19055017373.0
www.cargojet.com