Record Q1 Revenue Growth
Cargojet reported an 8.1% increase in total revenue to $249.9 million for Q1 2025, marking a record for the first quarter in the company's history. This growth was driven by strong performance in the domestic and charter segments.
Significant EBITDA Growth
Adjusted EBITDA for Q1 2025 increased by 3.1% to $80.8 million, maintaining a margin of 32.3%.
Strong On-Time Performance
Cargojet achieved an on-time performance rate of 99.1% for Q1 2025, highlighting the company's operational efficiency and customer commitment.
Expansion of Fleet
Cargojet plans to add four 767-300 freighters and return one leased 767-200, resulting in a net addition of three aircraft to the fleet.
Growth in Domestic and Charter Business
Cargojet experienced a 16% growth in domestic revenue, attributed to rising e-commerce demand in Canada. The charter business also saw strong performance with a significant increase in ad hoc charter flights.