Cargojet More Than Doubles Q3 Profit on Higher Fuel and Network Revenue
Canadian air cargo carrier Cargojet nearly doubled its third-quarter profit as network, charter and fuel surcharge revenues climbed, per Dow Jones Newswires.
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what happened
According to Dow Jones Newswires, Cargojet more than doubled its profit for the third quarter, which ended Sept. 30. The company reported a profit of CAD19.1 million ($13.4 million), or CAD1.28 a share, compared with CAD8.8 million, or CAD0.58 a share, a year earlier. Excluding certain one-time items, adjusted earnings came to CAD1.21 a share, well above the CAD0.86 that analysts had expected.
Revenue rose 30% to CAD286.5 million, beating the CAD270.9 million forecast. Domestic network, ACMI and charter revenue increased 25% to CAD233.6 million, while income from fuel surcharges and other sources jumped 38% to CAD56 million. Chief Executive Officer Pauline Dhillon said the company had taken “decisive steps” over the past year to strengthen its business while staying flexible amid shifting market conditions and global trade patterns. She added that Cargojet is focused on scaling operations to meet demand in the fourth-quarter peak season.
why it matters
The results suggest fuel surcharges provided a notable lift to revenue, so future profit growth may depend partly on fuel price trends. For investors in Cargojet, the outlook for holiday-season cargo demand and the company’s ability to manage costs as volumes rise will be key.
market impact
Cargojet shares: the earnings beat and revenue growth support the stock
- Cargojet shares pressure up — the results beat expectations on both profit and revenue
tags
instruments
sources
- Cargojet Doubles 3Q Profit on Growth in Fuel, Network Revenues — Dow Jones Newswires, 11 November 2026 at 21:46 UTC
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