Global Crossing Airlines Group, Inc. reported strong financial and operating results for the second quarter of 2025, with a notable increase in revenue and net income compared to the same period last year.
The company achieved a GAAP net income of $0.6 million or $0.01 per share, showing significant growth in profitability. EBITDAR stood at $19.8 million, reflecting sound operational performance.
Global Crossing Airlines demonstrated resilience and growth, setting a record with 8,065 block hours flown in Q2, showcasing the effectiveness of their business strategy.
Revenue Growth
Revenue increased by 7% to $61.4 million in Q2 2025 compared to $57.5 million in Q2 2024, driven by higher block hours flown and aircraft fleet expansion.
Profitability Surge
Net income doubled to $0.6 million in Q2 2025 from $0.3 million in Q2 2024, indicating improved profitability and operational efficiency.
Operational Strength
The company's ability to increase fleet size while maintaining strong utilization levels led to a $7.9 million year-over-year increase in cash flow from operating activities.
- The strong financial performance in Q2 2025 reflects Global Crossing Airlines' focused execution and strategic growth initiatives over the past 18 months.
- The company's shift to a hybrid ownership model and successful fleet expansion contributed to increased revenue, profitability, and cash flow from operations.
Global Crossing Airlines Group, Inc.'s Q2 2025 results highlight a period of growth, profitability, and strategic transformation. By focusing on sustainable profitability and operational excellence, the company is well-positioned for continued success in the air charter industry.