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Cargojet Q3 revenues surge 28pc but net profits slip 16pc
来源： 编辑：编辑部 发布：2018/11/20 13:53:19
CANADA's aircraft lessor Cargojet said third-quarter revenues increased by 27.6 per cent year on year to CAD114.1 million (US$86.1 million), adjusted ebitda was up 24 per cent to CAD31.5 million and net earnings stood at CAD4.7 million, down 16.1 per cent on a year earlier.
The company said the increase in total revenues was due primarily to an CAD8.3 million increase in core overnight revenues, a CAD5.6 million increase in all-in charter revenues and a CAD9.3 million increase in fuel surcharges on the back of higher volumes and other cost pass-through revenues.
The increase in its core overnight business was due to increased traffic from existing customers and contractual annual price increases. All-in charter revenues were up primarily due to additional flights between Canada, Colombia and Peru and between Canada and Europe, reports London's Air Cargo News.
Cargojet president and chief executive Ajay Virmani said: "Cargojet continues to successfully execute its financial and operational plan.
"Our team continues to optimise our network and fleet as we adapt to our growth as the leading e-commerce middle-mile service provider in Canada. We also continue to expand our air cargo footprint around the world through our scheduled and adhoc ACMI and charter services."
The company said the increase in total revenues was due primarily to an CAD8.3 million increase in core overnight revenues, a CAD5.6 million increase in all-in charter revenues and a CAD9.3 million increase in fuel surcharges on the back of higher volumes and other cost pass-through revenues.
The increase in its core overnight business was due to increased traffic from existing customers and contractual annual price increases. All-in charter revenues were up primarily due to additional flights between Canada, Colombia and Peru and between Canada and Europe, reports London's Air Cargo News.
Cargojet president and chief executive Ajay Virmani said: "Cargojet continues to successfully execute its financial and operational plan.
"Our team continues to optimise our network and fleet as we adapt to our growth as the leading e-commerce middle-mile service provider in Canada. We also continue to expand our air cargo footprint around the world through our scheduled and adhoc ACMI and charter services."