Global Crossing Airlines Reports Strong Q1 2026 Earnings Growth

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

Global Crossing Airlines reported that for the first quarter ended March 31, 2026, revenue rose 15% year over year to $76.6 million on higher block hours, improved aircraft utilization and stronger charter yields, while GAAP net income jumped to $2.7 million from $0.2 million and EBITDA roughly doubled to $10.8 million. Despite operating with fewer net aircraft, the carrier expanded its Airbus fleet, boosted pilot and cabin crew headcount, initiated Venezuela flying for Red Air and maintained roughly flat liquidity at about $20 million in cash and restricted cash, underscoring operating leverage in its ACMI and charter model and supporting management’s push toward financial sustainability.

Spark’s Take on JET Stock

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

The score is mainly supported by strong and improving cash generation and an attractive low P/E valuation, but it is held back by significant balance-sheet risk (negative equity/high leverage) and weak technical conditions (extremely overbought RSI with little confirmed trend strength).

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

More about Global Crossing Airlines

Global Crossing Airlines Group, Inc., which operates as GlobalX, is a U.S. Part 121 domestic flag and supplemental carrier flying the Airbus A320 family. The airline focuses on ACMI and charter services for passenger and cargo clients across the U.S., Caribbean, Europe and Latin America, with core markets in professional and collegiate sports, media, entertainment and ad‑hoc charter work, and holds IOSA certification and TCOs for Europe, the U.K. and Australia.

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.