Canadian scheduled air freight carrier Cargojet reported a C$4.8 million ($3.7 million) net loss for the 2016 third quarter, widened from the company’s C$2.2 million net loss in 3Q 2015. Total revenue for the quarter was C$80.7 million, up 7.2% year-over-year (YOY), as expenses fell 7.3% YOY to C$59.9 million, bringing the airline’s third-quarter operating profit to C$20.8 million, nearly doubled from C$10.7 million in 3Q 2015. The airline’s average cargo ...

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