Issue 34 – One Airline That’s Flying High But It’s Not Carrying People!

Cargojet, Inc (TSX: CJT) is a Canadian based air cargo transportation and services company. Cargojet’s core business focuses on the fulfillment of time sensitive, overnight delivery needs of its retail and small-to-medium sized business customers. The company’s cargo segment enjoys a 90% domestic market share thus making CJT Canada’s #1 cargo carrier by a country mile. Roughly three-quarters of CJT’s cargo-based revenues are derived from long-term contracting with familiar names like Canada Post/Purolator, United Parcel Service, and TFI International. The company also operates charter routes for DHL. Aside from cargo, CJT also operates an ‘Aircraft, Crew, Maintenance and Insurance’ (ACMI) segment and a charter flights segment.

Disclaimer: Palos Funds are shareholders of CJT.

By Charles Marleau, CIM

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