Cargojet (OTC) ( (CGJTF) ) has released its Q2 earnings. Here is a breakdown of the information Cargojet (OTC) presented to its investors.
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Cargojet Inc., a leading provider of time-sensitive premium air cargo services across North America, operates a fleet of Boeing aircraft and offers dedicated, ACMI, and international charter services. In its second quarter financial results for 2025, Cargojet reported total revenues of $238.2 million, marking a 3.2% increase from the previous year, driven by a 14% rise in domestic revenues and a 22% growth in charter revenues. Despite a net loss of $3.2 million, the company achieved a record on-time arrival performance of 99.5% and improved its adjusted EBITDA by 1.4% to $80.2 million. Key highlights include a significant reduction in net loss by 87.2% compared to the previous year and an adjusted earnings per share increase to $1.02. The company also noted a 42.3% decrease in net cash from operating activities. Looking ahead, Cargojet’s management remains focused on delivering shareholder value through cost management and productivity initiatives, while anticipating new opportunities from the EU-US trade deal.