Cargojet revenues grow more than 20% amid strong e-commerce demand — via financialpost
The cargo airliner’s revenues for the third quarter ended on Sept. 30 grew nearly 23 per cent year over year to $232.7 million from $189.5 million in 2021, with a “strong contribution” coming from its domestic network, the companySign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
“The continued global increase in e-commerce demand has produced strong growth in our domestic and ACMI business segments during the quarter,” chief executive Ajay Virmani said in a statement. “Our team once again rose to the challenge of delivering another strong quarter with 99.7 per cent on-time performance.”
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