09:35 AM EST - Cargojet Inc. : Announced today financial results for the Second quarter ended June 30, 2023.Total Revenues for the Quarter were $209.7 million compared to second quarter 2022 Revenues of $246.6 million. Revenue excluding fuel surcharge and other revenues came in at $171.6 million compared to $177.2 million. Adjusted EBITDA for the quarter was $74.3 million compared to the second quarter 2022 Adjusted EBITDA(1) $81.1 million. Adjusted Free Cash Flow was $52.3 million for the three-month period ended June 30, 2023 compared to $41.2 million for the same period in 2022. Net income for the quarter was $31.1 million (net loss of $1.7 million excluding warrant valuation gain) compared to net income of $160.9 million in 2022 (net income of $26.2 million excluding warrant valuation gain). Cargojet Inc.
shares T.CJT are trading unchanged at $93.45.
