Global Crossing Airlines Group, Inc. reported their financial and operating results for the second quarter of 2025, showcasing significant growth and achievements.
The company's GAAP Net Income was $0.6 million or $0.01 per share, with EBITDAR of $19.8 million.
They generated a record of 8,065 block hours in Q2, reflecting operational strength and efficiency.
Revenue Growth
Revenue increased by 7% to $61.4 million compared to the previous year, driven by higher block hours flown and fleet expansion.
Profitability Surge
Net income doubled to $0.6 million compared to the same period last year, highlighting improved profitability and revenue per block hour.
Strategic Fleet Expansion
Global Crossing Airlines pursued strategic fleet growth, increasing the fleet while maintaining strong utilization levels for sustainable profitability.
- The company's performance in Q2 signals a consistent execution and a focus on building a more capable and profitable airline.
- Record block hours flown and increased cash flow from operating activities demonstrate the success of the company's operational platform and strategic decisions.
Global Crossing Airlines Group is positioned for continued growth and success in the second half of 2025, with a focus on fleet expansion, strategic partnerships, and profitable growth strategies.