MISSISSAUGA, ON, April 23, 2025 /CNW/ - Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT) today announced financial results for the first quarter ended March 31, 2025.

MISSISSAUGA, ON, April 3, 2025 /CNW/ - Cargojet Inc. (TSX: CJT) ("Cargojet" or the "Company") announced the voting results from its annual meeting of shareholders held today at the offices of the Company at 2281 North Sheridan Way, Mississauga, Ontario.

Shareholders voted in favour of all items of business, including the election of each of the director nominees as follows:

Nominee

Votes For

Votes Withheld

(a)    Dr. Ajay Virmani(b)    Arlene Dickinson(c)    Mary Traversy(d)    Brian Levitt (e)    Amos Kazzaz

7,940,794 (97.18%)7,691,580 (94.13%)7,896,844 (96.64%)6,573,843 (80.45%)7,951,686 (97.31%)

230,607 (2.82%)479,821 (5.87%)274,557 (3.36%)1,597,558 (19.55%)219,715 (2.69%)

MISSISSAUGA, ON, March 19, 2025 /CNW/ - Cargojet Inc. (TSX: CJT), a leader in the air cargo industry, announced today that it will release its financial results for the First quarter 2025 results on Wednesday, April 23rd, 2025, after market close.

Jamie B. Porteous, Co-CEO, Pauline Dhillon, Co-CEO, and Sanjeev Maini, Interim CFO, will host a conference call on Thursday, April 24th, 2025, at 8:30 a.m. Eastern Time to discuss results. To participate in this conference call, please dial the following number(s) approximately five minutes prior to the commencement of the call:

MISSISSAUGA, ON, March 19, 2025 /CNW/ - Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT) announced today that its Chief Financial Officer, Scott Calver has elected to depart the company to pursue other opportunities. 

"We wish Scott the very best in his future endeavors and thank him for his contributions during his tenure at Cargojet," said Co-CEO's Jamie Porteous and Pauline Dhillon in a joint statement."

Sanjeev Maini will continue in his role as Interim CFO until such time as Cargojet selects a replacement through a formal executive search that is expected to conclude later this year.

MISSISSAUGA, ON, Feb. 20, 2025 /CNW/ - the Board of Directors of Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT) has declared a cash dividend of $0.35 per common voting share and variable voting share for the period from January 1, 2025 to March 31, 2025. The record date for determining shareholders of the Corporation entitled to receive payment of the dividend of the Corporation shall be March 20, 2025 and the payment date for such dividend shall be on or before April 4, 2025. These dividends will be eligible dividends within the meaning of the Income Tax Act (Canada).

MISSISSAUGA, ON, Feb. 17, 2025 /CNW/ - Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT) today announced strong financial results for the fourth quarter and full year ended December 31, 2024.

"Cargojet produced very strong results for the fourth quarter and full year 2024 delivering on our financial and operational objectives. For the full year we reached a record and historic milestone of over $1 billion in revenues for the first time in Cargojet's history. Our strong, diversified business model has proven resilient in times of economic uncertainty, and we remain focused on driving operational efficiency and maintaining strategic flexibility to harness new growth opportunities and protect margins," said Jamie Porteous, Co-Chief Executive Officer.

MISSISSAUGA, ON, Feb. 14, 2025 /CNW/ - Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT) announced today that the Annual General Meeting of Shareholders (the "Meeting") will be held at the Cargojet Offices – 2281 North Sheridan Way, Mississauga, Ontario.

The meeting will be held on Thursday, April 3rd, 2025, at 11:30 a.m. EST.

Cargojet is Canada's leading provider of time-sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 aircraft.

MISSISSAUGA, ON, Jan. 17, 2025 /CNW/ - Cargojet Inc. (TSX: CJT), a leader in the air cargo industry, announced today that it will release its financial results for the fourth quarter and year end 2024 results on Monday, February 17th, 2025, after market close.

Jamie B. Porteous, Co-CEO, Pauline Dhillon, Co-CEO, and Sanjeev Maini, Interim CFO, will host a conference call on Tuesday, February 18th, 2025, at 8:30 a.m. Eastern Time to discuss results.

To participate in this conference call, please dial the following number(s) approximately five minutes prior to the commencement of the call:

MISSISSAUGA, ON, Jan. 15, 2025 /CNW/ - Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT) announced today that its Chief Financial Officer (CFO), Scott Calver, is on medical leave until further notice. The company supports Scott during this time and wishes him a full and speedy recovery.

In the interim, Sanjeev Maini, Vice President – Finance, will assume the role of acting CFO. Mr. Maini has been with the company for over two decades and has previously served as the acting CFO during 2021. He is well-positioned to continue the company's financial operations and ensure a smooth transition.

MISSISSAUGA, ON, Dec. 27, 2024 /CNW/ - Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT) announced today that it has redeemed the $115,000,000 aggregate principal amount outstanding on its 5.75% senior unsecured hybrid debentures due April 30, 2025. The Corporation paid the principal amount and all accrued and unpaid interest up to, but excluding, the Redemption Date, in cash.

Cargojet is Canada's leading provider of time sensitive premium air cargo services to all major cities across North America, providing Dedicated, ACMI and International Charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 aircraft.

MISSISSAUGA, ON, Dec. 18, 2024 /CNW/ - Cargojet Inc ("Cargojet or the Corporation" (TSX: CJT))

Cargojet is proud to announce that our Founder and Executive Chairman, Dr. Ajay K. Virmani, has been appointed to the Order of Canada, the nation's highest civilian honour. This prestigious recognition highlights Dr. Virmani's exceptional contributions as a visionary leader in the air cargo industry, a dedicated philanthropist, and a devoted advocate for community building.

Dr. Virmani's innovative leadership has revolutionized the air cargo sector in Canada, setting new standards for operational excellence, reliability, and customer service. Beyond his professional achievements, Dr. Virmani has been a passionate supporter of numerous charitable initiatives, making a profound difference in the lives of countless Canadians.

MISSISSAUGA, ON, Nov. 25, 2024 /CNW/ - Cargojet Inc ("Cargojet or the Corporation" (TSX: CJT))  is incredibly proud to announce that Cargojet won "The Air Charter Association Cargo Charter Operator of the Year" at the 2024 Air Charter Excellence Awards held in London, England.

The Air Charter Association, a leading global trade association for aircraft charter companies, annually hosts the Air Charter Excellence Awards. These awards celebrate top achievements in the air charter industry, with winners selected through member votes and expert panel evaluations.

MISSISSAUGA, ON, Nov. 12, 2024 /CNW/ - the Board of Directors of Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT) has declared a cash dividend of $0.35 per common voting share and variable voting share for the period from October 1, 2024 to December 31, 2024. The record date for determining shareholders of the Corporation entitled to receive payment of the dividend of the Corporation shall be December 20, 2024 and the payment date for such dividend shall be on or before January 3, 2025. These dividends will be eligible dividends within the meaning of the Income Tax Act (Canada).

MISSISSAUGA, ON, Nov. 4, 2024 /CNW/ - Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT) today announced that the Toronto Stock Exchange ("TSX") has accepted its notice of intention to proceed with the renewal of its normal course issuer bid ("NCIB") for a portion of its common voting shares and variable voting shares (together, the "Shares").

Normal Course Issuer Bid

The Corporation is renewing the NCIB because it believes that it provides flexibility in respect of its capital allocation strategy to maximize shareholder value, particularly at times when its Shares may trade in a price range that may not fully reflect the underlying value of the Shares. Any purchases made under the NCIB, which will begin on November 11, 2024, and end no later than November 10, 2025, are made by Cargojet subject to favourable market conditions at the prevailing market price at the time of acquisition through the facilities of the TSX and/or alternative Canadian trading systems.

MISSISSAUGA, ON, Nov. 4, 2024 /CNW/ - Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT) announced today financial results for the third quarter ended Sept 30, 2024.

Total revenue for the quarter was $245.6 million compared to third quarter 2023 revenue of $214.0 million. Revenue from domestic network, ACMI and All-in Charter for the quarter was $205.4 million compared to $177.7 million for the same period in 2023.

Adjusted EBITDA1 for the quarter was $82.2 million compared to the third quarter 2023 Adjusted EBITDA of $70.0 million. Net earnings for the quarter were $29.7 million compared to $10.5 million for the same period in 2023.

MISSISSAUGA, ON, Oct. 11, 2024 /CNW/ - Cargojet Inc. (TSX: CJT), a leader in the air cargo industry, today announced that it will release its financial results for the third quarter ended September 30, 2024, on Monday, November 4th, 2024 after market close. 

Jamie Porteous, Co-CEO, Pauline Dhillon, Co-CEO, Scott Calver, CFO, Sanjeev Maini, Vice President Finance of Cargojet will host a conference call on Tuesday, November 5th, 2024, at 8:30 a.m. Eastern Time to discuss results. 

To participate in this conference call, please dial the following number(s) approximately five minutes prior to the commencement of the call:

MISSISSAUGA, ON, Aug. 14, 2024 /CNW/ - the Board of Directors of Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT) has declared a cash dividend of $0.35 per common voting share and variable voting share for the period from July 1, 2024 to September 30, 2024, an increase of $0.0354 or 11.25% per share from the previous quarter.

"This increase in the cash dividend reinforces our commitment to return value to our shareholders," said Jamie Porteous, Co-Chief Executive Officer. "It is also consistent with our capital allocation plan to periodically increase cash returns to our shareholders", said Pauline Dhillon, Co-Chief Executive Officer.

MISSISSAUGA, ON, Aug. 13, 2024 /CNW/ - Cargojet Inc. ("Cargojet" or the "Corporation") (TSX: CJT) announced today financial results for the second quarter ended June 30, 2024.

Total revenue for the quarter was $230.8 million compared to second quarter 2023 revenue of $209.7 million. Revenue from domestic network, ACMI and All-in Charter for the quarter was $191.3 million compared to $171.6 million for the same period in 2023.

Adjusted EBITDA(1) for the quarter was $79.1 million compared to the second quarter 2023 Adjusted EBITDA of $74.3 million. Net loss for the quarter were $25.0 million (net earnings of $28.9 million excluding warrant valuation and contract asset amortization) compared to net earnings of $31.1 million for the same period in 2023 (net earnings of $1.5 million excluding warrant valuation and contract asset amortization).