Cargojet reports Q4 loss compared with profit a year earlier, revenue down
By The Canadian Press on February 26, 2024.
MISSISSAUGA, Ont. – Cargojet Inc. reported a loss in its latest quarter compared with a profit a year earlier as its revenue fell. The air cargo company says it had a net loss of $34.9 million or $2.04 per diluted share for the quarter ended Dec. 31. The loss compared with a profit of $2.6 million or 15 cents per diluted share in the last three months of 2022. Revenue, excluding warrant amortization, for the quarter was $254.7 million compared with $271.0 million in the same quarter a year earlier. On an adjusted basis, Cargojet says it lost 14 cents per share in its latest quarter compared with an adjusted profit of 89 cents per share a year earlier. Cargojet operates a fleet of 41 cargo aircraft. This report by The Canadian Press was first published Feb. 26, 2024. Companies in this story: (TSX:CJT) 9-8
