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In 2021, the Mississauga, Ont.-based company acquired a 25 per cent interest in 21 Air. 

Following the divestment, Cargojet says it and 21 Air will continue to collaborate on certain opportunities. 

In February, Cargojet reported its net earnings fell 63 per cent year-over-year to $26.6 million in the fourth quarter, while revenues decreased three per cent to $284.7 million.

It attributed the profit plunge to an extra $37.7 million in net finance costs as well as other gains and losses.   

This report by ¹ú²úÓÕ»ó¸£Àû was first published April 2, 2026.     

Companies in this story: (TSX: CJT)