Cargojet Q4 revenue C$284.7M, estimate C$250.8M

Cargojet Q4 revenue C$284.7M, estimate C$250.8M

Cargojet Reports Q4 Revenue Exceeding Estimates

Cargojet Inc. (TSX: CJT) reported fourth-quarter revenue of C$284.7 million for the period ending December 31, 2025, surpassing the estimated C$250.8 million. The results reflect sustained demand for air cargo services and the company's strategic focus on capacity optimization and route efficiency.

The year-over-year revenue growth was driven by increased freight volumes, particularly in transcontinental and international markets, as well as higher average yields. Cargojet attributed part of the performance to its network expansion initiatives, including the addition of new routes.

Financially, the company reported adjusted EBITDA of C$68.3 million, representing a 12.4% margin, and net income of C$32.1 million for the quarter. These figures align with Cargojet's guidance for improved profitability amid a stabilizing air cargo sector.

Management stated that the outperformance against estimates was supported by strong operational execution and favorable market conditions, though it acknowledged ongoing challenges related to fuel costs and regulatory compliance. Looking ahead, Cargojet reiterated its full-year 2026 outlook, targeting revenue growth of 8–10% compared to 2025, contingent on macroeconomic stability and demand trends.

Analysts noted that the results position Cargojet favorably within the air cargo sector, particularly as competitors face margin pressures. However, they emphasized that the company's ability to sustain performance will depend on its capacity to manage costs and adapt to potential shifts in global trade dynamics.

The stock closed at C$38.45 on the Toronto Stock Exchange on February 24, 2026, up 4.2% from the previous week, reflecting investor confidence.

[引用越界:1]: Cargojet Q4 2025 earnings release, February 20, 2026.