Global Crossing Airlines Group, Inc. announced its financial results for the second quarter of 2025, showcasing robust growth and profitability.
The company reported a GAAP Net Income of $0.6 million or $0.01 per share, with EBITDAR of $19.8 million and record block hours flown.
Global Crossing Airlines highlighted its strategic focus on scaling the business, increasing profitability, and strengthening its operating platform.
The positive financial performance in Q2 underscores the effectiveness of the company's charter model and its commitment to sustainable profitability.
Revenue Growth
Q2 2025 revenue increased by 7% to $61.4 million compared to Q2 2024, driven by higher block hours flown and fleet expansion.
Profitability Boost
Net income doubled to $0.6 million in Q2 2025 from $0.3 million in Q2 2024, reflecting improved operational efficiency.
Fleet Expansion
Global Crossing Airlines continued to grow its fleet, increasing its total block hours and maintaining strong utilization levels.
- The company's net income and EBITDAR growth demonstrate the success of its strategic initiatives.
- Increased cash flow from operating activities and record block hours flown in Q2 underscore the company's resilience and profitability.
- Global Crossing Airlines' shift to a hybrid ownership model and maintenance events reflect its commitment to enhancing operational capabilities.
Global Crossing Airlines' strong financial performance in Q2 2025, marked by revenue growth, profitability, and fleet expansion, positions the company for continued success in the aviation industry.