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 strong Q2 2025 financial results, achieving GAAP net income of $0.6 million ($0.01 per share) and EBITDAR of $19.8 million. The company's revenue increased 7% to $61.4 million compared to Q2 2024, driven by record block hours of 8,065.
Key operational metrics showed significant improvement, with cash flow from operations surging to $8.8 million from $0.9 million year-over-year. The airline expanded its fleet to 17.1 net aircraft available, up 19% from Q2 2024, while maintaining strong utilization rates. In a strategic shift, GlobalX transitioned from an exclusively leased fleet by acquiring its first Airbus A320 in July 2025.
Global Crossing Airlines (OTCQB: JETMF), described as the Nation's fastest growing charter airline, has scheduled its Second Quarter 2025 earnings conference call for Thursday, August 14, 2025, at 5:00 p.m. ET.
The company will release its financial results for the quarter ended June 30, 2025, via press release before the call. Management will host the conference call followed by a Q&A session. Investors can submit questions in advance via email to JET@elevate-ir.com.
The call will be accessible through toll-free and international dial-in numbers, with a replay available on the company's investor relations website.
Global Crossing Airlines (OTCQB: JETMF) has announced its first aircraft acquisition and the addition of four leased aircraft to support business growth. The company acquired an Airbus A320 (MSN 3101) from Falcon 2019-1 Aerospace Limited, with financing from Volofin Capital Management Ltd.
Additionally, GlobalX signed lease agreements with AE Industrial Partners for four Airbus A319 aircraft, representing a 20% increase to their current fleet. The first A319 delivery is scheduled for August 31, 2025, with subsequent deliveries through November 2025. Upon completion and regulatory approvals, GlobalX will operate a fleet of 22 Airbus A320 family aircraft.
Global Crossing Airlines (JETMF) has scheduled its First Quarter 2025 earnings conference call for May 8, 2025, at 8:30 a.m. ET. The company, described as the Nation's fastest growing charter airline, will release its financial results for the quarter ended March 31, 2025, prior to the call.
Management will host the conference call followed by a Q&A session. Investors can participate through:
- Toll-free: (800) 717-1738
- International: (646) 307-1865
- Conference ID: 10283
Questions can be submitted in advance via email to JET@elevate-ir.com. A replay will be available on the company's investor relations website.
Global Crossing Airlines (JETMF) reported strong Q4 and full-year 2024 results, with annual revenue climbing 40% to $223.8 million. Q4 revenue increased 11% to $59.9 million, driven by higher block hours and fleet expansion.
Q4 highlights include improved EBITDAR of $19.3 million, up 69% year-over-year, and reduced net loss to $(0.6) million compared to $(2.6) million in Q4 2023. The company expanded its fleet to 19 aircraft and secured several key contracts, including a South American ACMI agreement for 1,800 block hours and a DHL cargo contract.
The company's strategic shift towards ACMI operations has proven successful, with ACMI revenue increasing more than 3x compared to 2023. Cargo operations showed significant growth, generating over 1,600 block hours in Q4 2024, a 4x increase year-over-year.
Global Crossing Airlines (JETMF) has announced its upcoming conference call to discuss fourth quarter and full year 2024 financial results, scheduled for March 6, 2025, at 8:30 a.m. ET. The company, recognized as the Nation's fastest growing charter airline, will release its financial results via press release before the call.
Management will host the conference call followed by a Q&A session. Investors can participate through multiple channels:
- Toll-free dial-in: (877) 704-4453
- International dial-in: (201) 389-0920
- Conference ID: 13751840
Stakeholders can submit questions in advance via email to JET@elevate-ir.com. A replay of the conference call will be available on the company's investor relations website at www.globalairlinesgroup.com. Technical support is available through Elevate IR at (720) 330-2829.
Global Crossing Airlines (JETMF) expects to report Q4 and full-year 2024 results at the high end of its previous guidance, with anticipated FY2024 revenue of $218M-$224M (34-40% YoY growth) and EBITDAR of $60M-$63M (195-215% YoY growth). The company achieved record performance in December 2024.
Key highlights include:
- Fleet expansion of nearly 30% in 2024
- Strategic shift from charter to higher-margin ACMI operations
- Record revenue per block hour in Q4
- Cash position of $14M as of December 31, 2024
- One-time $1.3M charge related to Canada Jetlines lease guaranty
- Addition of one A321 passenger aircraft, bringing total fleet to 19 aircraft
Global Crossing Airlines (JETMF) has announced a digital interline agreement with United Airlines through Airblox's electronic Block Space Agreement (eBSA) for cargo transportation between San Juan (SJU) and Chicago (ORD). GlobalX operates thrice-weekly round-trip cargo flights using Airbus A321F freighters, offering 25 tons of cargo capacity in each direction.
United Airlines has secured the entire GlobalX A321F cargo space for the San Juan to Chicago route through the Airblox platform. The A321F freighter boasts a 19% reduction in fuel consumption compared to competitive aircraft. The service operates on Mondays, Wednesdays, and Fridays, utilizing Airblox's platform for streamlined operations and competitive pricing.
Global Crossing Airlines (JETMF) has announced a joint venture with ATB Aviation Australia to establish a new charter airline headquartered in Melbourne. The venture will serve the Asia-Pacific region, offering both passenger and cargo charter services along with ACMI operations using Airbus A320 family aircraft.
The new airline aims to capitalize on the APAC charter flight market, projected to reach $6.8 billion annually. Operations are targeted to begin in late 2025, with plans to expand to 10 aircraft within five years. The joint venture will operate similarly to GlobalX's successful North American model, where it currently operates 18 Airbus A321 aircraft serving US, Caribbean, and Latin American markets.