8/11/2026

speaker
Operator
Conference Operator

Good morning everyone and thank you for joining us today on this call. With me on the call today are Ajay Virmani, Executive Chairman, Pauline Dhillon, Chief Executive Officer, Aaron McKay, Chief Financial Officer, Sanjeev Maini,

speaker
Remy Tremblay
General Counsel & Corporate Secretary

VP Finance, and Remy Tremblay, General Counsel and Corporate Secretary. After opening remarks about the corridor, we'll open the call for questions. I'd like to point out that certain statements made on this call, such as those relating to our forecasted revenues, costs, and strategic plans, are forward-looking within the meaning of applicable securities laws. This call also includes references to non-GAAP measures like adjusted EBITDA, adjusted earnings per share, and Return on Invested Capital. Please refer to our most recent press release in MD&A for important assumptions and cautionary statements relating to our forward-looking information and for reconciliation of non-GAAP measures to GAAP income. I'll now turn the call over to Pauline.

speaker
Pauline Dhillon
Chief Executive Officer

Thank you, David. Good morning, everyone, and thank you for joining us today. We delivered another strong quarter. Demonstrating once again the resilience of Cargojet's business model and the strength of our long-term customer relationships despite continued market uncertainty. These results would not have been possible without the dedication of our team members. I would like to take a moment and sincerely thank every member of the Cargojet team for their continued commitment and outstanding efforts, as well as thank our customers for continuing to trust Cargojet with their time-sensitive shipments each day. Our premium service, built on reliability and consistency, continues to differentiate Cargojet. Once again, we delivered an industry-leading on-time performance of 99.2%, reflecting the operational excellence our customers have come to expect. Throughout the quarter, we remained focused and what we can control. Delivering exceptional service, operating safely and efficiently and deploying our fleet where it creates the greatest long-term value. Our one fleet approach continues to be a significant competitive advantage. It gives us the flexibility to dynamically deploy aircraft across our network, improve utilization and pursue the highest return opportunities as market conditions evolve. Higher fuel prices and ongoing geopolitical uncertainty remain headwinds during the quarter. Despite those challenges, our resilient business model, disciplined execution, and focus on our customers enabled us to deliver another strong quarter. Aaron will provide additional detail on our financial performance in a few moments. Before turning to our business segments, Thank you for joining us today. No lockout provision, providing stability and operational certainty for our customers, our pilots, and our value team members. I would like to sincerely thank our pilots, ALPA, and everyone involved for their professionalism throughout this process. As customer agreements come due, we will look to pass these costs through. Many of these conversations have begun, but we anticipate a lag in timing. We look forward to building on this partnership over the next years. Turning to our business segments, our domestic overnight continued to perform well and remains the foundation of cargojet business. Supported by a strong customer demand and exceptional service, it continues to play an essential role in Canada's supply chain. Charter flying delivered another strong quarter, including continued support flying for UPS. This business segment continues to enhance Elite Utilization, Strengthen Customer Relationships, and Create Long-Term Value. This year, we were proud to celebrate 25 years of partnership with UPS. We are pleased to continue to fly their charters for the remainder of the end of this year to the end of Q4. We look forward to supporting their continued growth for years to come. One of CargoJet's greatest strengths Thank you for joining us. Strong Demand, including our recently launched Liege Tel Aviv service, demonstrates the opportunities to grow our international network by leveraging existing assets while improving fleet utilization. We believe this model can be replicated in other regions as we continue expanding our global footprint. Our interline business also delivered another excellent quarter, while growing volumes from our airline partners Thank you for joining us. However, Cargojet has successfully navigated changing market conditions for more than two decades by staying focused on what matters, our customers, our people, and disciplined execution. We remain confident in our strategy and in the strength of our business. We have exceptional people, longstanding customer relationships, and a resilient operating model that has consistently performed through changing market conditions. Together, These strengths position Cargojet to continue creating long-term value for our customers, our team members, and our shareholders. With that, I'll turn the call over to Aaron.

Disclaimer

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