Brief: Cargojet Provides Update On Fleet Strategy

Cargojet

15/01/2024 17:28

Jan 15 (Reuters) - Cargojet Inc:
    * CARGOJET PROVIDES UPDATE ON FLEET STRATEGY
    * CARGOJET INC: CARGOJET IS NOT EXPECTING TO INCUR ANY
MEANINGFUL
GROWTH CAPITAL EXPENDITURES IN 2024
    * CARGOJET INC: HOLIDAY SEASON PERFORMANCE FOR 2023 WAS IN
LINE
WITH OUR EXPECTATIONS
    * CARGOJET INC: DECIDED TO EXIT COMMITMENTS FOR 4 REMAINING
B-777
AIRCRAFT, WHILE CONTINUING TO FLEX B767 FLEET TO ACCOMMODATE
ORGANIC GROWTH STRATEGY
    * CARGOJET INC:  2025 ESTIMATED NET CAPITAL EXPENDITURES
TARGETS
$160M - $180M
    * CARGOJET INC:  2024 ESTIMATED NET CAPITAL EXPENDITURES
TARGETS
$60M - $80M

Further company coverage:  CJT.TO 

 ((Reuters.Briefs@thomsonreuters.com;))