Cargojet, an all-cargo airline that operates a domestic express network in Canada for customers such as Amazon and DHL Express, on Monday said reduced flying in response to a slowdown in shipping and tight cost management during the second quarter helped maintain profit margins that were better than analysts expected.
The company recorded adjusted earnings before interest, taxes and accounting measures sliding 8.4% to $57.7 million ($74.3 million Canadian). A nearly 10% reduction in expenses,...