Global Crossing Airlines Inc ( (JETMF) ) has released its Q2 earnings. Here is a breakdown of the information Global Crossing Airlines Inc presented to its investors.
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Global Crossing Airlines Inc., also known as GlobalX, operates in the aviation sector, providing passenger and cargo aircraft services through ACMI and charter agreements across various international markets. In its latest earnings report for the quarter ending June 30, 2025, GlobalX reported a revenue increase to $61.4 million, up from $57.5 million in the same quarter of the previous year, reflecting a positive trend in its financial performance. The company also achieved a net income of $617,000, a significant improvement from the previous year’s net income of $285,000 for the same period. Key financial highlights include a notable increase in operating income, which rose to $3.3 million from $2.5 million, driven by higher revenues and controlled operating expenses. The company also managed to reduce its retained deficit to $69.8 million, indicating progress in its financial stability. Looking ahead, Global Crossing Airlines remains focused on enhancing its operational efficiency and exploring financing options to support its growth strategy, despite facing challenges related to its working capital deficit.