Cargojet (OTC) (TSE:CJT) has released an update.
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Cargojet Inc. reported a stable first quarter in 2024 with a slight decrease in total revenue to $231.2 million from $231.9 million in the previous year, yet showcasing a stronger performance with an increase in adjusted EBITDA to $78.4 million and a significant boost in free cash flow to $168.7 million. The company attributes its financial success to fleet optimization, volume increases, and rigorous cost management, despite the challenging geopolitical climate. Cargojet’s co-CEOs emphasize the company’s commitment to efficiency and customer service, backed by a dedicated professional team.
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