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Global Crossing Airlines Group Inc - JETMF STOCK NEWS

Welcome to our dedicated news page for Global Crossing Airlines Group (Ticker: JETMF), a resource for investors and traders seeking the latest updates and insights on Global Crossing Airlines Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Global Crossing Airlines Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Global Crossing Airlines Group's position in the market.

Rhea-AI Summary
Global Crossing Airlines Group, Inc. (JETMF) announces a conference call on May 7, 2024, to discuss its financial results for the first quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.73%
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Rhea-AI Summary
Global Crossing Airlines Group, Inc. (JETMF) receives approval from the US Department of Transportation to increase its fleet to 20 aircraft, allowing for expansion and growth in the charter airline business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.89%
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none
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Rhea-AI Summary
Global Crossing Airlines Group, Inc. (JETMF) reported record revenue in Q4 2023 at $53.5M and $160M for the year. The company saw a fourfold increase in EBITDAR over 2022, with a pilot count more than doubling and fleet size growing to 14 aircraft. Despite a net loss of ($21) million, GlobalX remains focused on sustained profitability and operational excellence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.9%
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none
Rhea-AI Summary
Global Crossing Airlines Group, Inc. (JETMF) announces a Zoom webinar to discuss the 2023 full-year financial results led by top executives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.89%
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none
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Rhea-AI Summary
Global Crossing Airlines Group, Inc. (JETMF) announces the appointment of Chris Jamroz as Executive Chairman and Ryan Goepel as President. The company's CEO, Edward J. Wegel, is resigning, and the leadership team will report to the Executive Chairman of the Board. The focus will be on growing the ACMI passenger and cargo charter business, with a significant increase in block hours operated in 2023 and January 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.24%
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none
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Rhea-AI Summary
Global Crossing Airlines Group, Inc. (JETMF) has announced the earnings release date for its 2023 full year results. The company will discuss its annual financial results on Wednesday, March 6th and will be hosting a Zoom webinar to provide a business update and discuss the results the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5%
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none
Rhea-AI Summary
Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) closes US$5 million Senior Secured Notes placement with Axar Capital Management LP
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.64%
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none
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Rhea-AI Summary
Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) announced the election of directors at the 2023 Annual Meeting of Stockholders. Detailed voting results showed overwhelming support for the nominees. Stockholders also approved the appointment of auditors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.6%
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none
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Rhea-AI Summary
UrbanX Air, a subsidiary of Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) and Eve Air Mobility (Eve) (NYSE: EVEX and EVEXW) plan to bring electric commuter flights to Miami by 2026, revolutionizing urban transportation in South Florida. GlobalX signed a letter of intent to purchase 200 eVTOLs from Eve, with delivery of the first 10 expected in 2026.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.17%
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none
Rhea-AI Summary
Global Crossing Airlines Group, Inc. (GlobalX) (JET: NEO; JET.B: NEO; JETMF: OTCQB) has announced the creation of UrbanX Air, a subsidiary to pioneer Urban Air Mobility (UAM) in South Florida. Lucy Morillo, Esq., has been appointed as President and CEO of UrbanX to lead the development of the UAM ecosystem. GlobalX signed a letter of intent to purchase 200 electric vertical take-off and landing aircraft (eVTOL) from Eve Air Mobility, a subsidiary of aircraft manufacturer Embraer, with delivery expected in 2026.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.62%
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none
Global Crossing Airlines Group Inc

OTC:JETMF

JETMF Rankings

JETMF Stock Data

30.64M
36.43M
31.99%
14.23%
0.27%
Scheduled Passenger Air Transportation
Transportation and Warehousing
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