Tag Archives: YEG

Cargojet reports an expanded profit for its second quarter

Cargojet Inc. (Cargojet Airways) (Hamilton, ON) has announced its financial results for the second quarter ending on June 30, 2015.

Cargojet logo

For the Second Quarter Ended June 30, 2015 :

Total Revenues were $75.2 million (all amounts are in Canadian dollars), an increase of $30.9 million or 69.6% versus the previous year

Gross Margin was $7.3 million, an increase of $2.1 million or 39.3% versus the previous year

Adjusted EBITDA before one-time costs was $10.9 million, an increase of $6.5 million or 147.7% versus the previous year. Adjusted EBITDA net of one-time costs was $6.6 million .

Adjusted EBITDAR before one-time costs was $20.0 million , an increase of 115.1% versus the previous year. Adjusted EBITDAR net of one-time costs was $15.7 million .

“Cargojet has successfully completed the integration of its new major customer in 2015, which has contributed to revenue growth in the Quarter,” said Ajay Virmani , President and Chief Executive Officer.

“Overall customer demand for Cargojet’s primary overnight network services and its air cargo charter services were softer than expected in the Quarter and we continue to match capacity to actual demand, in order to keep operating costs in line”, he added.

“One-time costs related to the expansion of our core overnight network that started in March 2015 , for a major customer were in line with our planned expenditures,” he added.

Cargojet is Canada’s leading provider of time sensitive overnight air cargo services and carries over 1,000,000 pounds of cargo each business night. Cargojet operates its network across North America each business night, utilizing a fleet of all-cargo aircraft consisting of 6 Boeing 767-300 ER, 3 Boeing 767-200 ER, 5 Boeing 757-200 and 9 Boeing 727-200F aircraft.

Copyright Photo: Ton Jochems/AirlinersGallery.com. Cargojet has been adding wide-body freighters including the pictured former American Airlines Boeing 767-223 (F) C-GCJO (msn 22315) pictured at Winnipeg.

Cargojet Airways aircraft slide show: AG Airline Slide Show

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Canadian North unveils a Canadian Football League logojet for the Grey Cup

Canadian North 737-300 C-GCNO (14-CFL)(Grd) YEG (Sam Hawkins)(LR)

Canadian North (Calgary and Yellowknife) today (November 18) unveiled this new Canadian Football League (CFL) logojet at its Edmonton hangar for the upcoming Grey Cup Championship Game. The right side of Boeing 737-36N C-GCNO (msn 28596) carries the team logos of the Eastern teams and left side the western teams.

The airline issued this statement on November 18:

On November 18, at an exciting “reveal” ceremony, the CFL and Canadian North jointly unveiled a custom-painted Boeing 737-300 aircraft, emblazoned with the CFL logo and the logos of all nine CFL franchise teams. This eye-catching plane will be used to fly the 102nd Grey Cup Champions home from Vancouver, British Columbia on Monday, December 1 and will serve as a highly visible billboard for the CFL and its teams wherever it lands.

Canadian North is the premier charter provider for Canada’s resource sector, top sport franchises and air-inclusive vacationers. The CFL and Canadian North announced a three-year partnership earlier this year that made Canadian North the official airline of the CFL.

Photos Below: Canadian North. Both sides are displayed at the unveiling event:

Canadian North 737-300 C-GCNO (14-CFL-left)(Grd) YEG (Canadian North)(LRW)

Canadian North 737-300 C-GCNO (14-CFL-right)(Grd) YEG (Canadian North)(LRW)

Video: The painting of the aircraft:

Canadian North is the official airline of the CFL.

Canadian North CFL logo

On July 9, 2014 the airline announced it had become the official airline of the CFL:

Canadian North is proud to become the official airline of the Canadian Football League. This new three-year partnership will include flying the East and West Division Champions to the 102nd Grey Cup game in Vancouver this November.

“There is nothing more Canadian than the CFL and we are excited to be partnering with both the league and the Grey Cup,” said Steve Hankirk, President of Canadian North. “We’re thrilled to broaden our relationship with the CFL and believe this creates opportunities for more teams to charter with Canadian North.”

Mark Cohon, Commissioner of the Canadian Football League, said: “Canadian North prides itself in contributing to the communities it serves, and that makes the airline a great fit for our league, which has a long history of doing the same.”

In other news, the company is planning to expand with more charters to warmer climates in early 2015.

Top Copyright Photo: Sam Hawkins/Canadian North.

Canadian North aircraft slide show:

JustPlanes Video:

Air Canada and Gogo to roll out Wi-Fi in May in the North American fleet

Air Canada (Montreal) and Gogo announced today that it plans on rolling out Wi-Fi on Air Canada’s entire North American fleet in May. The agreement also provides for future type-testing of Gogo satellite solutions for Wi-Fi on international flights. The international trials will take place in 2015.

Air Canada presently has two Wi-Fi-equipped Airbus A319 aircraft that are now operating in Canada and the U.S. and, subject to a final agreement with Gogo, the carrier plans to begin outfitting its remaining Airbus A319, A320 and A321 narrow-body and Embraer 190 fleet types, as well as its Air Canada Express CRJ705 and Embraer 175 aircraft, with Gogo’s Air-To-Ground (ATG) and next generation ATG-4 technologies. The installations are to begin in May, with the goal of equipping 29 aircraft in 2014 and a targeted completion date of December 2015 for the designated 130 narrow-body aircraft. The 2Ku and Global Xpress satellite trials are expected to take place on select international aircraft in 2015.

Copyright Photo: Bernie Leighton/AirlinersGallery.com. Air Canada’s Boeing 777-333 ER C-FIUL (msn 35255) climbs away from the runway at a cold Edmonton (International). It mainly serves the international markets.

Air Canada: AG Slide Show