Global Crossing Airlines Reports Q2 2025 Financial Results

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

On August 13, 2025, Global Crossing Airlines reported its financial results for the second quarter ending June 30, 2025, highlighting a GAAP net income of $0.6 million and record block hours of 8,065. The company saw a 7% increase in revenue to $61.4 million, driven by higher block hours and fleet expansion. The transition to a hybrid ownership model with the acquisition of an Airbus A320 and increased pilot headcount reflects strategic growth efforts. The company’s focus on scaling operations and disciplined cost management has led to improved profitability and cash flow, positioning GlobalX for continued growth in the second half of 2025.

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., known as 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

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