Cargojet Inc. reported a Q3 net income of $29.7 million, nearly tripling last year’s figures.

Cargojet Inc., a Mississauga-based air freight and leasing company, reported a third-quarter net income of $29.7 million, nearly tripling last year's $10.5 million. Revenues increased by 14.8% to $245.6 million. Diluted earnings per share rose to $1.78 from 61 cents. Co-CEO Jamie Porteous attributed the positive results to lower interest rates and cooling inflation, while noting ongoing challenges from geopolitical uncertainty affecting the transportation sector.

November 04, 2024
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