MISSISSAUGA, Ont. — Cargojet Inc. says it earned $29.7 million within the third quarter, nearly triple the $10.5 million it earned a 12 months earlier. The Mississauga-based air freight and airplane leasing firm says its revenues totalled $245.
MISSISSAUGA, Ont. — Cargojet Inc. says it earned $29.7 million within the third quarter, nearly triple the $10.5 million it earned a 12 months earlier.
The Mississauga-based air freight and airplane leasing firm says its revenues totalled $245.6 million, up 14.8 per cent from $214.0 million throughout the identical quarter in 2023.
Diluted earnings per share have been $1.78, up from 61 cents a 12 months earlier.
Co-chief govt officer Jamie Porteous stated the corporate benefitted from rate of interest cuts and cooling inflation.
Porteous stated these elements are serving to foster a extra secure and optimistic financial outlook for Canada.
Nevertheless, he added that geopolitical uncertainty is affecting all the transportation trade and that Cargojet is just not proof against vital price will increase going through aviation firms and provide chains.
This report by The Canadian Press was first revealed Nov. 4, 2024.
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