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 (JETMF) delivers innovative air cargo solutions through advanced Airbus A321F freighter operations. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and operational milestones.
Access official press releases covering earnings announcements, strategic partnerships, fleet expansions, and regulatory filings. Our curated news collection enables efficient tracking of JETMF's position in the competitive air freight sector, with particular emphasis on technological advancements and logistics optimization.
Key updates include cargo capacity enhancements, international route developments, and maintenance of strict aviation safety standards. Bookmark this page for direct access to primary source materials and analysis-free reporting on JETMF's evolving role in global supply chain solutions.
Global Crossing Airlines Group Inc. (GlobalX) has appointed Laurie Villa as Chief People Officer, effective immediately. Reporting to GlobalX President and CFO, Ryan Goepel, Mrs. Villa will lead the company's Human Capital Management functions, strengthen its culture, and drive engagement across the airline. She joins GlobalX during a critical growth phase to manage talent, implement compensation plans, support team relations, and lead a values-based culture.
Mrs. Villa previously served as Chief People Officer for JetBlue Airlines and Chief Human Resources Officer of Spirit Airlines. She brings over 30 years of global leadership experience in various industries. GlobalX has expanded its fleet to 18 aircraft and built a team of over 750 professionals in just three years. The company expects Mrs. Villa's expertise to be pivotal in propelling the organization to new heights of success.
Global Crossing Airlines Group Inc. (GlobalX) has announced a new partnership with Airblox, a digital platform for air freight capacity and financing. Starting October 10, 2024, GlobalX will operate round-trip cargo charter flights between Chicago (ORD) and San Juan (SJU) three times per week. The service will use the Airbus A321F freighter, offering 25 tons of capacity in each direction on Tuesdays, Thursdays, and Saturdays.
The A321F freighter provides 14% more containerized capacity than the B757-200 and a 19% reduction in fuel consumption, allowing GlobalX to offer competitive pricing and operational efficiency. This partnership aims to provide freight forwarders and businesses with reliable and cost-effective air cargo capacity between Chicago and San Juan, exclusively available through the Airblox platform.
Global Crossing Airlines Group Inc. (GlobalX) reported strong Q2 2024 financial results, achieving profitability with a GAAP Net Income of $0.3 million or $0.01 per share. The company's revenue increased by 83% to $57.5 million, driven by higher block hours flown and fleet expansion. GlobalX generated a record 6,591 block hours and an EBITDAR of $18.7 million. The company secured a five-year contract with U.S. Immigration and Customs Enforcement, expected to generate approximately $65 million in annualized revenue. GlobalX also completed its first flight for the Department of Defense and signed letters of intent to lease five additional aircraft. The company's cash and restricted cash position stood at $10.4 million as of June 30, 2024.
Global Crossing Airlines Group, Inc. (GlobalX), trading under symbols JET, JET.B, and JETMF, has announced its second quarter 2024 conference call scheduled for August 14, 2024, at 8:30 a.m. ET. The company, described as the Nation's fastest growing charter airline, will discuss its financial results for the quarter ended June 30, 2024. Management will host the call, followed by a Q&A session. Interested parties can submit questions in advance via email. The call will be accessible through toll-free and international dial-in numbers, with a webcast option available. A replay will be provided on the company's investor relations website.
Global Crossing Airlines Group, Inc. (Cboe CA: JETMF) reported impressive Q1 2024 financial results with a 67% revenue increase to $53.8M, achieving $9.3M EBITDAR. The company plans to expand its fleet by over 40% to 20 aircraft this summer. GlobalX continues to grow its government contracts, deepen key client relationships, and focus on profitable growth objectives.
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