Canada Jetlines Reports Strong Operational Performance in August 2023 and Participation in IRLABS Investor Roadshow
September 05, 2023
TORONTO–(BUSINESS WIRE)–Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”), Canada’s friendly leisure airline, is pleased to provide an update on recent initiatives, and participation in the IRLABS investor roadshow across Canada.
Recent Operational and Financial Highlights
- New record of hours flown in August 2023 with 736 block hours flown in the month following previous record of 622 block hours established in July 2023
- Took delivery of its third Airbus A320 aircraft
- Reported total operating revenue for Q2 2023 of $8.8 million, a 72.8% increase over Q1 2023
- Announced expanded winter flight schedule between Toronto and Montego Bay, Jamaica and Orlando – in addition to existing 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.”
About Canada Jetlines
Canada Jetlines Operations Ltd. (NEO: CJET) is a value-focused leisure airline that flies to high-demand sunny destinations. CJET’s three revenue streams offer diversified growth potential: passenger revenue, chartered/ACMI flights, and Jetlines vacations. Jetlines vacations expand cash flow through ancillary revenue streams, including hotels, land, cruise, transfer and insurance plus destination co-operative marketing support. Currently operating 3 Airbus A320s, CJET is targeting to reach a fleet of 15 aircrafts by 2025. For more information about Canada Jetlines, including its growing list of destinations, please visit www.jetlines.com. Follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news and updates.
