Cargojet Incorporation operates in the Air transportation, scheduled sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Cargojet Incorporation with three other
airlines in North America:
Mesa Air Group, Inc.
of UNITED STATES
(2020
sales of $545.07 million
of which 100%
was Scheduled Passenger Air T),
Sun Country Airlines Holdings Inc
of UNITED STATES
($401.49 million
of which 100%
was AIR TRANSPORTATION), and
Chorus Aviation Incorporation
(948.72 million Canadian Dollars [US$747.61 million]
of which 84%
was Regional Aviation services).
Sales Analysis.
During the second
quarter of 2021, sales at Cargojet Incorporation totalled
C$172.10 million.
This is a drop of 12.2%
from the C$196.10 million in sales at the company during the second quarter in 2020.
This was the biggest quarterly decline in sales at Cargojet Incorporation in the previous 35 quarters.
During the first two
quarters of 2021, sales totalled C$332.40 million, which is
4.2% higher
than through the first two quarters of 2020.
There appears to be at least some degree of seasonality in the sales at Cargojet Incorporation: during 8 of the previous 9
years, sales were highest during the fourth quarter.
The exception to this was during 2020, when the
second quarter was the best quarter, accounting for
29% of sales (during that same year, the
fourth quarter accounted for 28% of sales).
Cargojet Incorporation reported sales of C$668.50 million (US$526.79 million)
for the
year ending
December of 2020.
This
represents
an
increase of 37.4%
versus 2019, when the company's sales were C$486.60 million.
Sales at Cargojet Incorporation have increased during each of the previous five years
(and since 2015, sales have increased a total of 131%).