Global Crossing Airlines Inc ( (JETMF) ) has released its Q3 earnings. Here is a breakdown of the information Global Crossing Airlines Inc presented to its investors.
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Global Crossing Airlines Group, Inc., known as GlobalX, is a US-based charter airline operating within the aviation sector, specializing in ACMI and charter flights using the Airbus A320 family of aircraft across the US, Caribbean, Europe, and Latin America. The company is recognized for its rapid growth and commitment to providing reliable charter services.
In its third-quarter 2025 earnings report, GlobalX announced a notable 11% increase in revenue year-over-year, reaching $58.0 million. The company also reported significant improvements in key financial metrics, including a 22% rise in EBITDAR and a substantial improvement in EBITDA, which increased by nearly $5 million compared to the same quarter last year.
The company’s operational performance was highlighted by a record utilization of 9,901 block hours, a 23% increase from the previous year, driven by strong demand from charter and ACMI customers. Despite these gains, GlobalX faced challenges with maintenance and logistics, resulting in a net loss of $2.0 million. Management has taken steps to address these issues, including leadership changes and process improvements, to enhance operational efficiency and reliability.
Looking ahead, GlobalX’s management remains optimistic, with expectations of improved performance in the final quarter of the year. The company plans to capitalize on its strengthened operational foundation and rising demand, focusing on profitable expansion and deploying additional aircraft to meet market needs. With strategic initiatives underway, GlobalX aims to continue its growth trajectory into 2026.