Cargo Newswire
  • Home
  • News
    • Airlines
      • Freighter Operator
      • Bellyhold Airline
    • Associations
    • Airports
    • Business
      • Air Cargo Statistics
      • Cool Chain
      • Finance
      • Supply Chain
    • Freight Forwarders
    • Services
      • Handlers
      • Charter Operator
      • ULD
      • Freighter Conversion/MRO
      • GSSA
    • Sectors
      • Animal Transportation
      • E-Commerce Logistics
      • Perishable Logistics
      • Pharma Logistics
    • Technology
      • Airfreight Digitisation
      • E-Commerce Logistics
    • Policy
      • Air Cargo Security
    • People
    • News By Date
  • Reels
  • Magazine
  • Advertise
  • More
    • Jobs
      • Jobs
      • Post a Job
    • Events
  • Archive News
  • Subscribe
  • Newsletter
No Result
View All Result
  • Airlines
  • Airports
  • Associations
  • Business
    • Cool Chain
    • Finance
    • Air Cargo Statistics
  • Freight Forwarders
  • People
  • Cargo Handling
  • Sectors
    • Animal Transportation
    • E-Commerce Logistics
    • Pharma Logistics
    • Perishable Logistics
  • Services
    • Freighter Conversion/MRO
    • Handlers
    • Charter Operator
  • Technology
    • Logistics
    • Policy
    • Air Cargo Security
Cargo Newswire
  • Home
  • News
    • Airlines
      • Freighter Operator
      • Bellyhold Airline
    • Associations
    • Airports
    • Business
      • Air Cargo Statistics
      • Cool Chain
      • Finance
      • Supply Chain
    • Freight Forwarders
    • Services
      • Handlers
      • Charter Operator
      • ULD
      • Freighter Conversion/MRO
      • GSSA
    • Sectors
      • Animal Transportation
      • E-Commerce Logistics
      • Perishable Logistics
      • Pharma Logistics
    • Technology
      • Airfreight Digitisation
      • E-Commerce Logistics
    • Policy
      • Air Cargo Security
    • People
    • News By Date
  • Reels
  • Magazine
  • Advertise
  • More
    • Jobs
      • Jobs
      • Post a Job
    • Events
  • Archive News
  • Subscribe
  • Newsletter
No Result
View All Result
Cargo Newswire

Cargojet Reports Overall Strong Q4 Performance

March 6, 2023
in Airlines
Reading Time: 2 mins read
0 0
A A
0
Share on FacebookShare on Twitter

Cargojet Inc. has recently announced financial results for the fourth quarter that ended December 31, 2022.

Total Revenues for the quarter were $267.0 million compared to the fourth quarter 2021 Revenues of $235.9 million. Gross Margin for the quarter was $61.9 million compared to the fourth quarter 2021 Gross Margin of $78.2 million.

Adjusted EBITDA(1) for the quarter was $82.9 million compared to the fourth quarter 2021 Adjusted EBITDA(1) $90.5 million. Adjusted Free Cash Flow(1) was $33.6 million for the three-month period ended December 31,2022 compared to $37.8 million for the same period in 2021.

Related Post

time:matters strengthens presence in Southeast Asia

LATAM Cargo Moves Over 25,000 Tons of Flowers During Mother’s Day Peak Season

United Cargo at Newark: A Strategic Gateway Powering Global Supply Chains

Hong Kong Air Cargo and Turkish Cargo Formalize Strategic Partnership with MoU

Total revenue growth of 13.2% (6.1% excluding fuel) for the quarter compared to the prior year reflected a strong contribution from the ACMI network, up 10.6% and Charters up by 13.9% compared to the same quarter last year.

Net income for the quarter was $2.6 million (net income of $14.1 million excluding warrant valuation loss) compared to net gain of $102.0 million in 2021 (net income of $33.4 million excluding warrant valuation gain).

“Over the past several years, Cargojet has evolved its business model that is increasingly based on strategic partnerships rather than transactional relationships with its customers,” said Dr. Ajay Virmani, President and CEO.

“By aligning our long-term commercial interests, we expect greater endurance of volumes with our strategic customers even if global volumes soften during a recessionary period.”

“The continued global increase in e-commerce demand has produced strong growth in our Domestic and ACMI business segments during the Quarter,” Dr. Virmani further noted. “We continue to monitor various macro risks including a potential recession, which may have an impact on consumer spending. As such, Cargojet continues to carefully manage its strategy to match the capacity required with actual customer demand.” “Our team once again rose to the challenge of delivering another strong quarter with 99.7% on-time performance. I am incredibly proud and grateful to the entire Cargojet team for continuing to deliver excellence while delivering strong revenue growth,” concluded Dr. Virmani.

All references to “$” in this press release are to Canadian dollars.

ShareTweetPin
Devender Grover

Devender Grover

Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He was closely associated with the Indian State Transport Undertakings and Ministry of Transport in his role as Corporate Communications and PR specialist for over two decades handling domestic and international organizations. He ventured into business forming his own Media House, Profiles Media Network Private Limited which is now a twenty years old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of the Air Cargo, Cargo Business, Cargo Airports, Freighters and Cargo Industry at large.

Related Posts

Airlines

Unboxing the Emirates Courier Express Livery

by Devender Grover
May 16, 2025
Airlines

Etihad Cargo introduces new regional structure to support network growth

by Devender Grover
May 16, 2025
Airlines

Vienna Airport handles more cargo in the first quarter of 2025

by Devender Grover
May 16, 2025

Unboxing the Emirates Courier Express Livery

May 16, 2025

Etihad Cargo introduces new regional structure to support network growth

dnata to open advanced animal handling centre in Amsterdam

dnata to expand airside fleet with 800 new units in US$ 110 million rollout in 2025

Vienna Airport handles more cargo in the first quarter of 2025

Aeroprime group launches glid – the next-generation unified airline retailing platform

Tags

Airbus Air Canada Air Cargo Aircargo Air Cargo News Air Freight Airfreight Airlines American Airlines Atlas Air Aviation Aviation News Boeing cargo industry news Cargo International News Cargo News Covid 19 DB Schenker DHL DHL Express dnata E-commerce Emirates Emirates SkyCargo Etihad Cargo Europe Freighter Freighters IAG Cargo IATA Latest Air Cargo News Logistics Logistics News Lufthansa Cargo Pharma Qatar Airways Qatar Airways Cargo Supply chain Sustainability Swissport Technology TIACA Turkish Cargo UPS WFS
  • Home
  • About us
  • Magazine
  • Subscribe
  • Reels
  • Events
  • Advertise
  • Careers
  • Contact us
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Copyright © 2025 Profiles Media Network Pvt Ltd. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Airlines
    • Airports
    • Associations
    • Business
    • Freight Forwarders
    • People
    • Cargo Handling
    • Sectors
    • Services
    • Technology
    • News By Date
  • Reels
  • Magazine
  • Archive News
  • Subscribe
  • Newsletter
  • Advertise
  • Jobs
  • Subscribe
  • Events

Copyright © [2024] Profiles Media Network Pvt Ltd All Rights Reserved. Build with ❤️ by Onairdigital

Our website uses cookies. We use cookies and similar technologies to personalise content, to provide you with relevant marketing, to enhance your user experience and to gain insight and track how you interact with us and our partners. Learn more in our Privacy Policy and Cookie Policy.