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 MISSISSAUGA ON L5K 2S3 |
| Tel: | N/A |
| Website: | www.cargojet.com |
| 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 | |
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