Canadian scheduled air freight carrier Cargojetreported a C$3.8 million ($2.9 million) net profit for the 2016 second quarter, reversing the company’s C$6.1 million net loss in 2Q 2015. Total revenue for the quarter was C$79.3 million, up 5.5% year-over-year (YOY), as expenses fell 14% YOY to C$58.4 million, bringing the airline’s second-quarter operating profit to C$20.9 million, nearly tripled from C$7.3 million in 2Q 2015. The airline’s average cargo revenue per ...

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