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Cargojet Inc. (T:CJT)

Business Focus: Air Freight

Sector:  Industrials Industry:  Air Freight & Logistics
See Regulatory Filings on SEDAR
Company Contact
Address: 2281 North Sheridan Way
Tel: N/A
IR: See website
Key People
James R. Crane
Independent Chairman of the Board
Ajay Virmani
President, Chief Executive Officer, Director
John Kim
Chief Financial Officer
Pauline Dhillon
Executive Vice President - Marketing, Public and Government Relations
Jamie B. Porteous
Executive Vice President, Chief Commercial Officer
Paul Rinaldo
Senior Vice President - Engineering and Maintenance
Business Overview
Cargojet Inc. is a Canada-based company that provides over night air cargo services. The Company's services include overnight network, international air cargo services, dedicated aircraft charter and dedicated aircraft, crew, maintenance and insurance (AMCI) contracts. It offers over night air cargo service between approximately 14 cities across Canada each business night. Within its overnight network, it also provides domestic air cargo services for a number of international air lines between points in Canada that connect such airlines' gateways to Canada. It operates an international route operating between Newark, New Jersey, United States of America (USA) and Hamilton, Bermuda and provides a five-day per week air cargo service. It offers a specialty charter service typically in the day time and on weekends. Its ACMI Contracts involves providing a dedicated aircraft on a dedicated route where the customer is responsible for all costs of the operation.
Financial Overview
For the six months ended 30 June 2020, Cargojet Inc revenues increased 39% to C$319.1M. Net loss totaled C$46.9M vs. income of C$4.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects EBITDAR - Total decrease of 51% to C$37.7M, Bonuses and incentives increase from C$2.9M to C$18.5M (expense).
Employees: 1,126 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $3,593M as of Jun 30, 2020
Annual revenue (TTM): $576.20M as of Jun 30, 2020
EBITDA (TTM): $209.20M as of Jun 30, 2020
Net annual income (TTM): -$39.60M as of Jun 30, 2020
Free cash flow (TTM): -$9.00M as of Jun 30, 2020
Net Debt Last Fiscal Year: $590.60M as of Jun 30, 2020
Shares outstanding: 16,049,311 as of Jul 23, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization