Cargojet reports second quarter results

Cargojet reported its financial results for the second quarter ended June 30, 2016. Total revenues for the quarter were CAD$79.3m, an increase of CAD$4.1m or 5.5% versus the 2nd quarter of the previous year. Gross margin was CAD$20.9m, an increase of CAD$13.6m or 186.3% versus the 2nd quarter of the previous year. Adjusted EBITDA was CAD$22.5m, an increase of CAD$15.9m 240.9% and adjusted EBITDAR was CAD$26.9m up CAD$11.2m or 71.3% versus the 2nd quarter of 2015.