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Global Crossing Airlines Faces Cybersecurity Incident

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Global Crossing Airlines Faces Cybersecurity Incident

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Global Crossing Airlines ( (TSE:JET) ) has issued an update.

On May 5, 2025, Global Crossing Airlines discovered unauthorized activity within its computer networks, indicating a cybersecurity incident. The company quickly activated response protocols, engaged cybersecurity experts, and notified law enforcement, while investigations continue. Despite the incident, the company believes its operations remain unaffected and does not anticipate a material impact on its financial condition or operations.

Spark’s Take on TSE:JET Stock

According to Spark, TipRanks’ AI Analyst, TSE:JET is a Neutral.

Global Crossing Airlines shows robust revenue growth and improvements in key financial metrics, primarily driven by its ACMI business. However, the company faces significant operational and financial challenges, such as profitability issues and high leverage. The technical analysis indicates a stagnant stock price, and the valuation is unattractive due to negative earnings. The strategic shift towards high-margin contracts is promising, but challenges in the cargo market and reduced charter revenue pose risks. Overall, the stock’s performance is underwhelming, with substantial room for improvement.

To see Spark’s full report on TSE:JET stock, click here.

More about Global Crossing Airlines

Global Crossing Airlines Group Inc. operates in the airline industry, providing air transportation services. The company focuses on offering charter and scheduled flights, serving various market needs within the aviation sector.

Average Trading Volume: 10,010

Technical Sentiment Signal: Sell

Current Market Cap: C$69.11M

Find detailed analytics on JET stock on TipRanks’ Stock Analysis page.

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