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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.
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Cargojet Inc. reportó un ingreso neto Q3 de $29.7 millones, casi triplicando las cifras del año pasado.