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Canada Jetlines (NEO:CJET) reports significant growth in charter flights

Aviation, Market News
NEO:CJET
01 February 2023 11:15 (EDT)

Source: Canada Jetlines.

Canada Jetlines Operations (CJET) completed 95 charter flights in December 2022 and January 2023.

This compares to 18 flights in November 2022. Total hours flown have increased to 350 hours in the last 2 months compared to 71 hours in November 2022.

“We see a continuous improvement in our aircraft utilization as we grow our network and increase our charter business,” said Eddy Doyle, CEO of Canada Jetlines.

Canada Jetlines sees opportunities in the Canadian travel and tourism sector, with strong demand domestically and in international markets like the USA, Mexico, Jamaica, and many others. The airline continues to build strong relationships with tourism boards, airports, economic development stakeholders and charter brokers.

Canada Jetlines is a well-capitalized leisure-focused air carrier servicing Canada, the U.S. and the Caribbean.

Canada Jetlines (CJET) is down 4.76 per cent on the day, trading at C$0.20 per share at 11:10 am ET.


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