{
  "id": 2143803,
  "title": "Cargojet to pass large pilot wage increase onto customers",
  "url": "https://urgent.news/2026/08/20/cargojet-to-pass-large-pilot-wage-increase-onto-customers-2143803",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-20T12:46:00.000Z",
  "source": {
    "name": "FreightWaves",
    "slug": "freightwaves",
    "url": "https://www.freightwaves.com/news/cargojet-to-pass-large-pilot-wage-increase-onto-customers"
  },
  "original_language": "en",
  "account": "Cargojet, a Canadian freighter operator, plans to pass the costs of a substantial wage increase for pilots onto its customers. The new five-year contract, finalized in late July, mandates a 53% increase in wages over the contract term, with an immediate 26% raise starting July 1, followed by annual 5% increases over the next four years. CEO Pauline Dhillon stated that the company will absorb these costs while maintaining operational stability and stability for customers. The new labor agreement also brings pilots' working days per month closer to industry standards, resulting in about 6,000 extra crew days of work. BMO Equity Research estimates that crew costs will rise by $2.2 million in the first year, with a net impact of $1.44 million. The company's domestic overnight network and international charter business contributed to its second-quarter earnings growth, with revenue up 15.8% year-over-year. Adjusted core earnings grew 8.9% to $63 million, surpassing expectations. Despite challenges like the Iran war and unstable global trade, Cargojet minimized margin compression by maintaining equivalent aircraft utilization with two fewer planes than the previous year.",
  "summary": "Cargojet expects higher pilot utilization and customer rates to help cover the cost of an expensive new contract for cockpit crews. The post Cargojet to pass large pilot wage increase onto customers appeared first on FreightWaves .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}