07:15 AM EST, 02/18/2025 (MT Newswires) -- Cargojet ( CGJTF ) over the holiday weekend reported a significant jump in fourth-quarter adjusted profit while revenue increased by a third.

Adjusted profit surged to $27.2 million, or $1.71 per adjusted diluted share, from the prior year's $5.8 million, or $0.34 per adjusted diluted share.

Total revenue for the quarter rose 32% to $293.2 million. Revenue from domestic network, ACMI (aircraft, crew maintenance and insurance) and All-in Charter was $251 million compared with $193 million for the same period in 2023, the company said.

"Cargojet ( CGJTF ) produced very strong results for the fourth quarter and full year 2024 delivering on our financial and operational objectives. For the full year we reached a record and historic milestone of over $1 billion in revenues for the first time in Cargojet's ( CGJTF ) history," said Chief Executive Jamie Porteous. "Our strong, diversified business model has proven resilient in times of economic uncertainty, and we remain focused on driving operational efficiency and maintaining strategic flexibility to harness new growth opportunities and protect margins."