EarningsQ2 2026 Earnings Report
DE:CJ8A Q2 2026 EPS Results
Actual EPS€0.42
Consensus EPS€0.51
Beat/MissMissed by -€0.09
One Year Ago EPS€0.64
DE:CJ8A Q2 2026 Revenue Results
Actual Revenue€172.37M
Expected Revenue€163.40M
Beat/MissBeat by +€8.97M
YoY Revenue Growth+15.79%
Earnings Announcement Details
QuarterQ2 2026
Date08/10/2026
TimeAfter Close
Conference CallMonday, August 10, 2026
DE:CJ8A Upcoming Earnings
Cargojet's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:CJ8A Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial result: solid revenue and adjusted EBITDA growth, a meaningful free-cash-flow turnaround, improved fleet utilization through the One Fleet strategy, and successful international expansion (Liège–Tel Aviv). These positives are tempered by clear near-term headwinds — higher fuel-driven margin noise, a materially more expensive pilot agreement (with partial productivity offsets), a YoY decline in the ACMI segment, and ongoing macro/geopolitical uncertainty. Management outlined mitigation paths (customer pass-throughs, productivity gains, disciplined CapEx and ROIC focus) that, if realized, support a constructive outlook.Company Guidance
Strong Quarter — Revenue and Adjusted EBITDA
Revenue of $275.8 million and adjusted EBITDA of $87.3 million, both improved sequentially and year-over-year. Adjusted EBITDA margin was 31.7% (after accounting for ~260 basis points of temporary compression from fuel surcharges, core business margin showed a slight YoY improvement).
Revenue Growth Excluding Fuel Surcharges
Excluding the impact of higher fuel prices, reported revenue was $250.1 million, up $11.9 million or approximately 5% year-over-year, indicating underlying organic growth.
Domestic Overnight Resilience and Operational Excellence
Domestic overnight revenue (net of fuel pass-throughs) was $104.9 million, up about 3% year-over-year and slightly improved sequentially. Industry-leading on-time performance of 99.2% highlighted operational reliability.
Charter Business Outperformance
Charter net revenue of $54.7 million, a 37% year-over-year increase driven by Liege service success, Central and South American charters, and support flying related to the MD-11 operator — materially contributed to utilization and revenue growth.
Material Free Cash Flow Turnaround and Deleveraging
Generated free cash flow of $56.2 million in the quarter versus a $72.5 million cash outflow in Q2 2025. Leverage ratio reduced to 2.6x at quarter end and management remains on track toward sub-2.5x. Company repurchased 121,390 shares in Q2.
One Fleet Strategy & International Expansion
One Fleet approach improved fleet utilization and yields without major CapEx. European hub (Liège) exceeded expectations and the new Liège–Tel Aviv service launched successfully. Management is leveraging idle block hours to deploy incremental international and charter flying (examples: Liege–Tel Aviv, charters from Vancouver into China).
Long-Term Labour Stability Secured
Completed a 5-year pilot agreement including a no-strike/no-lockout provision, providing operational stability and predictability. Agreement balances competitive compensation with productivity provisions to support long-term competitiveness.
DE:CJ8A Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed