Cargojet's revenue for the third quarter increased by 15%.

Cargojet, a Canadian cargo carrier, reported a 15% revenue increase to $245.6 million in Q3 2024, up from $214 million in Q3 2023. Domestic network and charter revenue rose 16% to $205.4 million. Net earnings more than doubled to $29.7 million, compared to $10.5 million in the previous year. Despite an 8% revenue rise to $707.6 million in the first nine months of 2024, net earnings dropped by 48%. The company is focusing on optimizing operations and maintaining performance amid economic challenges and is preparing for peak holiday demand.