Cargojet soars while rival carriers cut back on freighter operations
Canada’s largest freighter airline, Cargojet, is flying high on e-commerce. The carrier has expanded its work ...
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
Europe’s all-freighter airlines might be struggling with high costs and low margins, but it appears to be a different story in Canada. This interesting article details how Canada’s CargoJet is gearing up to carry Christmas postal deliveries. A new contract with Canada Post will see it double in size over the holiday period – it has spent C$80m this year in investments so far. It is hiring 200 people and adding 10 aircraft to its fleet, and hopes to use its aircraft in the daytime and at weekends to boost its capacity. A good read.
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