Welcome to our dedicated page for Global Crossing Airlines Group news (Ticker: JETMF), a resource for investors and traders seeking the latest updates and insights on Global Crossing Airlines Group stock.
Global Crossing Airlines Group Inc. reports developments for GlobalX, a U.S. 121 domestic flag and supplemental airline operating Airbus A320-family aircraft. The company provides domestic and international ACMI and charter flights for passenger and cargo customers across the United States, Caribbean, Europe and Latin America, and reports IOSA certification and traffic rights for Europe, the UK and Australia.
Recurring updates focus on financial results, block hours, aircraft utilization, revenue mix between ACMI and charter activity, and fleet additions involving Airbus A319 and A320 aircraft. Company news also covers operating economics, investor presentations, shareholder ownership activity, annual meeting results, director elections and equity compensation plan approvals.
Global Crossing Airlines (OTCQB: JETMF) reported Q2 2026 revenue of $62.0 million, up 1% year-over-year, with operating income of $1.4 million (down 58%) and a net loss of $1.3 million versus net income of $0.6 million in Q2 2025. EBITDA rose 17% to $6.9 million, while EBITDAR was broadly flat at $19.3 million.
Average utilization per available aircraft increased 11% to 523 hours, despite an 11% decline in net aircraft available to 15.3 due to heavy maintenance. According to GlobalX, it secured DOT authority to expand to 25 aircraft, added or contracted five A320-family aircraft, and expects these to reduce average fleet age by about 10% and support near-full utilization by year-end. Cash and restricted cash totaled $11.9 million on June 30, 2026, down from $20.5 million at year-end 2025.
Global Crossing Airlines (OTCQB: JETMF) and Ascent Global Logistics announced the formal conclusion of their 2023 exclusive brokerage agreement, following GlobalX’s voluntary dismissal of its Miami-Dade County lawsuit against Ascent on June 4, 2026. GlobalX agreed to payment terms for amounts owed to Ascent and granted a full release of its dismissed claims. Both parties stated they will now focus on serving their respective customers and business partners.
Global Crossing Airlines (OTCQB: JETMF) will hold a conference call on Thursday, August 13, 2026 at 8:30 a.m. Eastern time to discuss its Q2 2026 financial results, which will be released earlier that day. GlobalX management will host the call, including a Q&A session, and a replay will be available on the investor relations section of the company’s website.
Global Crossing Airlines Group (OTCQB: JETMF) reported Q1 2026 results with revenue of $76.6M (up 15% YoY) and GAAP net income of $2.7M ($0.04 per share), compared with $66.6M revenue and $0.2M net income in Q1 2025. EBITDAR rose to $24.2M (up 17% YoY).
Operationally, total block hours increased 10% to 8,315 and average utilization hit 552 hours per aircraft. Cash and restricted cash were approximately $20.0M as of March 31, 2026.
Global Crossing Airlines (OTCQB: JETMF) will host a Q1 2026 conference call on May 7, 2026 at 8:30 a.m. ET to discuss results for the quarter ended March 31, 2026. A press release with the company’s results will be issued prior to the call. Webcast, dial‑in numbers, conference ID, and replay details are provided for investors.
Galloway Capital Partners increased its stake in Global Crossing Airlines Group (OTCQB: JETMF) to approximately 8.10% as of April 13, 2026. Galloway called the stock materially undervalued and projected at least $30 million EBITDA and $90 million EBITDAR for the year.
Galloway applied a 6.9x EBITDAR comparator to imply an enterprise value in excess of $600 million or roughly $9.50 per share, versus a current trading price of about $0.56. Galloway highlighted the company’s pass-through fuel model and expressed intent to engage constructively with management and the board.
Global Crossing Airlines (OTCQB: JETMF) reported multiple fleet milestones on March 31, 2026: the first leased A319 (N316NV) entered revenue service, two additional A319s (N318NV, N319NV) were delivered and are in conformity, and the Company received its first owned A320 (MSN 2840).
All three incoming aircraft are expected to enter revenue operations in Q2 2026, supporting GlobalX's shift to a hybrid ownership model and planned capacity growth for charter and ACMI customers.
Global Crossing Airlines Group (OTCQB: JETMF) reported Q4 and full-year 2025 results with record asset utilization and its first annual positive operating income. FY 2025 revenue rose 10% to $246.3M, EBITDA increased ~4x to $20.9M, and operating income was $8.9M. Cash and restricted cash ended at $20.5M.
Management cited aircraft delivery delays and weak cargo markets as headwinds but highlighted strengthened operations, higher utilization, contract wins, and plans to add passenger aircraft in 2026.
Global Crossing Airlines (OTCQB: JETMF) will host a conference call on Thursday, March 5, 2026 at 8:30 a.m. ET to discuss fourth-quarter and full-year results for the period ended December 31, 2025.
The company said results will be released in a press release before the call. Dial-in details, webcast link, replay information, and an email for pre-submitted questions (JET@elevate-ir.com) are provided.
Global Crossing Airlines (OTCQB: JETMF) reported results of its Annual Meeting held December 12, 2025. Stockholders elected six directors and reapproved three equity plans: the Incentive Stock Option Plan, Restricted Share Unit Plan, and Performance Share Unit Plan. The meeting also ratified the appointment of Rosenberg Rich Baker Berman P.A. as independent auditors for the fiscal year ending December 31, 2025.
Director vote tallies ranged around 94%–96% in favor with ~13.14M broker non-votes reported. Plan reapprovals received approximately 93%–94% support. Audit firm ratification received 98.11% support.