Global Crossing Airlines Group, Inc. (Cboe CA: JET, Cboe CA: JET.B, OTCQB: JETMF) announced its financial results for Q2 2025 with a GAAP net income of $0.6 million.
Record block hours of 8,065 were generated in Q2, reflecting the company's growth.
The company's financial highlights include revenue of $61.4 million and EBITDAR of $19.8 million for the quarter.
Financial Performance
Revenue increased by 7% to $61.4 million compared to Q2 2024, driven by higher block hours flown and aircraft fleet expansion.
Operating Efficiency
GlobalX increased its fleet while maintaining strong utilization levels, leading to improved profitability and disciplined cost management.
Strategic Growth
The company aims to become America's largest narrowbody charter airline by expanding its fleet, strengthening customer partnerships, and optimizing its asset base.
- The company's financial performance demonstrated a 100% increase in net income to $0.6 million compared to the previous year, reflecting growth initiatives.
- Cash flow from operations improved significantly to $8.8 million, driven by increased profitability and efficiency gains.
- GlobalX's transition to a hybrid ownership model and fleet expansion efforts are key operational updates driving sustainable growth.
Global Crossing Airlines Group, Inc. portrays strong financial growth and operational resilience in the second quarter of 2025, supported by strategic initiatives and disciplined execution. The company's focus on profitability and fleet expansion sets a positive trajectory for future growth.