Global Crossing Airlines Group, Inc. (GlobalX) announced its financial results for Q2 2025, reporting a GAAP Net Income of $0.6 million or $0.01 per share.
The company achieved record block hours of 8,065 in Q2, reflecting growth and operational strength.
Key financial metrics showed improvements, with revenue reaching $61.4 million and EBITDAR of $19.8 million in Q2.
Profitability Boost
Net income increased 100% from Q2 2024 to $0.6 million, driven by higher revenue and fleet expansion.
Operational Efficiency
Record block hours flown and improved cash flow from operations signify the company's focus on efficiency and profitability.
Fleet Expansion
GlobalX's fleet growth continued with increased pilot headcount by 7% and the acquisition of an Airbus A320.
- The financial highlights for Q2 2025 reveal a positive trend in revenue, net income, and EBITDAR, reflecting the company's strategic growth initiatives.
- GlobalX's transition to a hybrid ownership model and maintenance events during Q2 demonstrate operational stability and expansion plans.
Global Crossing Airlines Group's financial performance in Q2 2025 demonstrates consistent growth, operational resilience, and a strategic focus on profitability and expansion. With record block hours flown and increased revenue, the company is positioned for continued success in the airline industry.