Cargojet reports Q4 and full year results

Cargojet has reported total revenues for the fourth quarter of 2021 of C$235.9 million compared to fourth quarter 2020 revenues of C$187.1 million. The cargo carrier’s gross margin for the quarter was C$76.7 million compared to 2020’s gross margin of C$69.3 million.  Net income for the quarter was C$102.0 million (net income of C$33.4 million excluding warrant valuation gain) compared to net loss of C$20.5 million in 2020 (net income of C$27.4 million excluding warrant valuation loss). Total revenues for the year were C$757.8 million compared to 2020’s C$668.5 million. Gross Margin for the year was C$230.9 million compared to C$250.5