Cargojet Inc. (CJT) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Welcome to the Caldwell Jet Conference Call. I would now like to turn the meeting over to Martin Herrmann, General Counsel and Secretary Secretary. Please go ahead. Good morning, everyone, and thank you for joining us today on this call. With us on the call today are Pauline Dillon and Jamie Porteus, our co-chief executive officers, Sanjeev Meni, our vice president finance and interim CFO. After opening remarks about the quarter, we will open the call for questions. I would 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 earning per share, and return on invested capital. Please refer to our most recent press release and MD&A for important assumptions and cautionary statements relating to forward-looking information and for reconciliation of non-GAAP measures to GAAP income. I will now turn the call to Jamie. Thank you, Marty. Good morning, everyone, and thank you for joining us on the call today. As we've done in the prior quarters, Pauline and I will share our prepared remarks, and then we will open up the call for questions. Exactly five years ago, our Q1 2020 press release noted, and I quote, while the longer-term implications and the full impact of COVID-19 remains unknown, Cargojet is well positioned to successfully support this new environment, both in the short as well as the long run. Since then, we have seen natural disasters like forest fires in western Canada disrupt rail traffic, lower water levels in the Panama Canal cause ship delays, geopolitical conflicts in the Middle Ea...