Global Crossing Airlines Group, Inc. announced its financial and operating results for the second quarter of 2025.
The company reported GAAP Net Income of $0.6 million or $0.01 per share and EBITDAR of $19.8 million.
They generated a record of 8,065 block hours in Q2, showing significant growth and operational strength.
Revenue Increase
Revenue increased by 7% to $61.4 million compared to the same quarter last year.
Profitability Surge
Net income doubled to $0.6 million, showcasing improved financial performance.
Fleet Expansion
Global Crossing Airlines expanded its fleet and increased aircraft utilization, driving growth.
Cash Flow Boost
Cash flow from operations improved significantly to $8.8 million, supporting future investments and growth.
- The company's strategic focus on scaling the business with discipline has led to improved profitability and cash flow.
- Record block hours flown during a seasonally softer period demonstrate the strength and versatility of the charter model.
- Continued fleet growth and strategic partnerships position Global Crossing Airlines to become America's largest narrowbody charter airline in the long term.
Global Crossing Airlines' second quarter results reflect consistent execution, a focus on profitability, and strong operational performance. The company's strategy of disciplined growth and fleet expansion has resulted in improved financial metrics and increased cash flow for future investments.