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Global Crossing Airlines ( (TSE:JET) ) has provided an update.
On July 14, 2025, Global Crossing Airlines announced the completion of its first aircraft acquisition and lease agreements for four additional Airbus aircraft, marking a significant step in its business expansion. The acquisition of an Airbus A320 and the leasing of four Airbus A319s will increase the company’s fleet by over 20%, supporting the growing demand in its charter and passenger services. This transition to a hybrid ownership model is expected to enhance GlobalX’s ability to manage costs, plan maintenance, and build asset value, positioning the company for long-term success.
Spark’s Take on TSE:JET Stock
According to Spark, TipRanks’ AI Analyst, TSE:JET is a Neutral.
Global Crossing Airlines shows strong revenue growth and improved profitability as highlighted in the earnings call. However, significant financial challenges persist, including a highly leveraged balance sheet and poor overall financial performance. Technical indicators offer no clear trend, and the valuation remains unattractive due to negative profitability metrics.
To see Spark’s full report on TSE:JET stock, click here.
More about Global Crossing Airlines
Global Crossing Airlines Group, Inc. (GlobalX) is a US 121 domestic flag and supplemental airline operating the Airbus A320 family of aircraft. The company provides domestic and international ACMI and charter flights for passengers and cargo across the US, Caribbean, Europe, and Latin America. GlobalX is IOSA certified by IATA and holds TCOs for Europe and the UK.
Average Trading Volume: 10,010
Technical Sentiment Signal: Sell
Current Market Cap: C$69.11M
Learn more about JET stock on TipRanks’ Stock Analysis page.