Cargojet expects higher pilot utilization and customer rates to help cover the cost of an expensive new contract for cockpit crews.
21 Air has ambitious plans to enter the cargo airline big leagues upsizing to Boeing 777 freighter aircraft to capture international business as it undergoes a leadership and investor transition.
U.S. cargo airline 21 Air has replaced Tim Strauss with a former Cargojet executive. Cargojet is a Canadian company that holds a minority interest in 21 Air, which is required by law to be run by U.S. citizens.
Canada-based Cargojet is compensating for the loss of a major Chinese e-commerce shipper by concentrating on new business opportunities closer to home.
Cargojet has introduced its first scheduled freighter service to Europe. Latam Cargo has added more flights and new routes between Brussels and several South American destinations.
Cargojet posted unspectacular results for the second quarter, but analysts considered that good because of the global trade uncertainty caused by new U.S. tariff policies.
DHL has extended its long-term dedicated transport contract with Cargojet with two years left on the existing contract.
Cargojet is focusing more on charter business as e-commerce retailers and other companies seek dedicated airlift, which helped boost revenue more than 30% in the fourth quarter.
An Amazon charter flight operated by Canadian partner Cargojet overshot the runway at Vancouver airport, impacting flight operations.
Cargojet reported good third-quarter results and says it is adding capacity to meet expected demand growth.
Cargojet, the largest all-cargo airline in Canada, has sent two freighters for repairs after a recent hailstorm.
Cargojet’s domestic and international flying business posted solid gains in the second quarter thanks to e-commerce demand in Canada.
Cargojet will fly planeloads of e-commerce goods from China to Canada several times per week as part of a direct-to-consumer logistics operation.
Modest growth in domestic e-commerce volumes plus improved aircraft utilization from network rebalancing helped Canadian airline Cargojet further stabilize performance during the first quarter, setting the table for growth this year despite lingering concerns about inflation. Cargojet (TSX: CJT) reported Tuesday that revenue of US$169 million was nearly flat year over year, while adjusted earnings […]
Canadian operator Cargojet sharply scaled back fleet investments last year to stabilize the bottom line but reports the Q4 upturn in air cargo business carried over to the new year.
Cargojet has exited its commitment for 777 aircraft with cargo conversion packages by selling the rights to aircraft trader Jetran, which is bullish on the aircraft’s prospects.
Cargojet says there isn’t enough airfreight business to justify its planned investment in 777 converted freighters. It wants to get out of its commitments, most likely by selling the aircraft to another company.
Freighter airline Cargojet announced that founder and CEO Ajay Virmani is leaving that role to be executive chairman, with two top lieutenants stepping in as co-CEOs.
Cargojet wants to dump eight aircraft that were part of of its growth strategy and postpone converting two more aircraft into cargo jets as the weak cargo market shrinks profit margins.
Cargojet trimmed its express flying in Canada, but lower fuel costs and other cost measures made for a relatively healthy bottom line last quarter under weak market conditions.
