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Canada Jetlines: New Airbus A320 and Strong Operational Performance

Canadian leisure carrier Canada Jetlines Operations Ltd. (NEO: CJET) shares highlights on operational performance. The company offers a brief on the business prospects ahead of their participation in the upcoming IRLABS Investor Roadshow.

Canada Jetlines Airbus A320
Canada Jetlines A320 aircraft.

Operational Achievements:

  • Flying Records: The airline set a new benchmark with 736 block hours flown in August 2023. This surpassed the previous record of 622 block hours in July 2023.
  • Fleet Development: The carrier added its third Airbus A320 aircraft to the fleet, strengthening its capacity.
  • Financial: Q2 2023 operating revenue of $8.8 million, marking a 72.8% increase from Q1 2023.
  • Expanded Horizons: The upcoming winter schedule will feature enhanced flight services between Toronto and popular vacation destinations. These include Montego Bay, Jamaica, and Orlando, adding to already popular services to Cancun, Mexico, and Las Vegas.

“We are making great strides and are pleased with our strong operational performance achieved this summer. As we head into the Fall and Winter months, we look forward to continued momentum as we expand our service into new sunny destinations. We have a great story to share and are committed to expanding our visibility and engaging with investors from coast to coast as the Company continues on its growth trajectory.”

Canada Jetlines

Participation in IRLABS Investor Roadshow

Canada Jetlines will participate in the IRLABS Investor Roadshow. The company will make a virtual presentation on September 13, 2023. Then, Canada Jetlines will make a four-city in-person roadshow spanning Vancouver, Calgary, Toronto, and Montreal. Management will visit all four cities in person to connect with the investment community.

Canada Jetlines’ Investor Presentation

More About Canada Jetlines:

Distinguished as a value-centric leisure airline, Canada Jetlines (CJET) specializes in servicing top-rated sunny destinations. Their revenue model is three-pronged: regular passenger flights, chartered/ACMI flights, and Jetlines vacations. Currently operating three Airbus A320s, they are ambitiously targeting a fleet of 15 aircraft by 2025.

CJET’s three revenue streams offer diversified growth potential: passenger revenue, chartered/ACMI flights, and Jetlines vacations. The Jetlines vacations division expands the company’s cash flow through ancillary revenue streams. These include hotels, land, cruise, transfer, and insurance, plus destination co-operative marketing support.

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