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The latest update is out from Cargojet ( (TSE:CJT) ).
Cargojet Inc. reported strong financial results for the fourth quarter and full year 2024, achieving a milestone of over $1 billion in annual revenue for the first time. The company’s diversified business model and operational efficiency contributed to significant financial growth, including a 16% increase in block hours and improved fleet utilization. This performance underscores Cargojet’s resilience amid economic uncertainties and its commitment to leveraging growth opportunities while maintaining operational excellence.
More about Cargojet
Cargojet Inc. operates within the air cargo industry, providing services such as domestic network, ACMI, and All-in Charter. The company focuses on delivering reliable and efficient air transportation solutions, catering to both domestic and international markets.
YTD Price Performance: -0.73%
Average Trading Volume: 3,721
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.22B
For detailed information about CJT stock, go to TipRanks’ Stock Analysis page.
