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Ecommerce lifts Cargojet as influx of deliveries rises company earnings

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Ecommerce lifts Cargojet as influx of deliveries rises company earnings

 

  • Whilst many areas of the aviation industry have suffered in 2020, Mississauga based cargo airline Cargojet has seen a profitable 3rd quarter of this year
  • Using extra safety measures to keep operating, the cargo company has profited from the influx of deliveries caused by the rise in ecommerce
  • In total, CargoJet finished September with earnings of C$162.3 million , a rise of nearly $50 million from the same time last year
  • As the holiday season approaches, ecommerce orders are expected to rise again, with CargoJet among several to profit from the increase in deliveries

Source : https://www.newswire.ca/news-releases/cargojet-continues-its-strong-performance-into-third-quarter-864298666.html

 

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