Cargojet Profit Rises as Revenue Climbs
The Mississauga-based air cargo carrier reported higher third-quarter net earnings and revenue compared with the prior year.
Updated on Nov. 12, 2026 in Transportation
Cargojet Inc. reported third-quarter net earnings of $19.1 million, up from $8.8 million a year earlier. Total revenue rose to $286.5 million from $219.9 million, and diluted earnings per share reached $1.28 versus 58 cents in the prior-year quarter.
Why it matters
The results show the air cargo operator growing both its earnings and its revenue base year over year. The company said it will ramp up operations to meet rising customer demand as it heads into its fourth-quarter peak season.
Cargojet's third-quarter net earnings rose to $19.1 million from $8.8 million, and diluted earnings per share climbed to $1.28 from 58 cents a year earlier. Total revenue grew to $286.5 million from $219.9 million, though the report does not break down the sources of that growth.
The players
Cargojet Inc.
Cargojet is a Canadian overnight air cargo carrier based in Mississauga, Ontario, that operates dedicated freight flights for businesses and postal and courier customers across the country.
Pauline Dhillon
Pauline Dhillon is the chief executive officer of Cargojet Inc., leading the company's operations and strategy.
The details
Cargojet Inc., headquartered in Mississauga, reported its third-quarter results for 2026. The company's CEO, Pauline Dhillon, is leading the carrier as it prepares to increase capacity for its seasonal peak.
Timeline
Third quarter 2026: Cargojet reports net earnings of $19.1 million.
Fourth quarter 2026: Cargojet expects to ramp up operations to meet peak-season demand.
Market Landscape
Cargojet's year-over-year gains in net earnings and revenue, measured against its own prior-year third quarter, point to growth in its overnight air cargo business. The results come as the carrier prepares for its fourth-quarter peak season, when demand for dedicated freight capacity typically rises.
Shippers and businesses relying on overnight air freight may see the carrier add capacity as it moves into its fourth-quarter peak. The company's stronger earnings do not by themselves signal changes to shipping rates or service terms for customers.
The takeaway
Growth in both earnings and revenue suggests steady demand for dedicated air cargo capacity in Canada. Readers tracking the transportation sector can watch whether the fourth-quarter peak season confirms that momentum.
Further reading
For more on the freight and logistics sector behind this quarter's results, see Transportation coverage across Canada.
