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Cargojet pilots notch major wage hike, as company stresses productivity gains
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Wings Magazine
Talking Points Pilots at Cargojet Inc. will receive a significant wage increase of over 53% under a new five-year contract aimed at enhancing productivity as the company expands its operations internationally. Pilots at Cargojet Inc. will see their wages rise by more than half under a new five-year contract, which the air freight company says aims to boost productivity as the firm reaches for new business in Europe, Asia and Africa. The higher demand helped boost revenue from charter hauls by 37 per cent year-over-year to $55 million in the company’s latest quarter, partly offset by fewer charter flights between Canada and China, according to Desjardins analyst Benoit Poirier.