Global Crossing Airlines Group, Inc. (GlobalX) reported its financial results for Q2 2025, showing a significant increase in revenue and profitability compared to Q2 2024.
The company achieved a GAAP net income of $0.6 million or $0.01 per share, with EBITDAR of $19.8 million in the second quarter.
GlobalX recorded a record block hours of 8,065 in Q2, demonstrating operational growth and efficiency.
Financial Growth
Revenue increased by 7% to $61.4 million in Q2 2025 compared to $57.5 million in Q2 2024.
Profitability Boost
Net income doubled to $0.6 million in Q2 2025 from $0.3 million in Q2 2024.
Strategic Fleet Expansion
GlobalX continued to grow its fleet and saw improvements in cash flow from operating activities.
- Global Crossing Airlines showed a strong operational performance in Q2 2025, with revenue and net income growth highlighting the success of its strategic initiatives.
- The company's focus on disciplined growth and operational resilience has led to improved profitability and increased cash flow, demonstrating a positive outlook for future growth.
The second quarter results reflect Global Crossing Airlines' commitment to sustainable profitability and strategic expansion. With a growing fleet, strong customer partnerships, and a focus on profitable growth, GlobalX is well-positioned for continued success in the aviation industry.