Global Crossing Airlines (JET) AI Stock Analysis

• Market Cap: $69.11M
• Dividend Yield: N/A
• Average Volume (3M): 10.01K
• Price to Earnings (P/E): ―
• Beta (1Y): N/A
• Revenue Growth: 16.18%
• EPS Growth: 87.47%
• Country: CA
• Employees: 678
• Sector: Industrials
• Sector Strength: 72
• Industry: Airlines, Airports & Air Services
• EPS (TTM): -0.04
• Shares Outstanding: 49,173,717
• 10 Day Avg. Volume: 10,010
• 30 Day Avg. Volume: 10,010
• PEG Ratio: 0.05
• Price to Book (P/B): -0.92
• Price to Sales (P/S): 0.12
• P/FCF Ratio: 31.96
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: C$1.50 ▲(10.29% Upside)

Global Crossing Airlines' overall stock score is primarily impacted by its financial performance, which is constrained by high leverage and negative equity. Technical analysis shows a neutral trend, but the valuation is weak due to a negative P/E ratio. The earnings call provided some positive insights, but these are not factored into the score due to the methodology.

Global Crossing Airlines Business Overview & Revenue Model

Company Description

Global Crossing Airlines Group Inc. operates in the airline business. The company operates a US Part 121 flag and charter airline using the Airbus A320 family of aircraft that provides passenger and cargo air transportation services. It also rents office spaces. It focuses to fly as an aircraft, crew, maintenance, and insurance and wet lease charter airline serving the United States, the Caribbean, and Latin American markets. The company is based in Miami, Florida.

How the Company Makes Money

Global Crossing Airlines generates revenue primarily through ticket sales for its scheduled flights, charter services, and cargo transport operations. The company offers competitive pricing to attract customers in niche markets, alongside premium services that cater to business travelers. Additional revenue streams include ancillary services such as baggage fees, in-flight sales, and partnerships with travel agencies and corporations for group travel solutions. Strategic collaborations with other airlines and travel service providers also enhance its distribution channels, allowing for greater market reach and customer acquisition. Furthermore, the company may benefit from government contracts or subsidies aimed at improving regional air service.

Global Crossing Airlines Financial Statement Overview

Summary

Global Crossing Airlines faces significant financial challenges, particularly with high leverage and negative equity, which pose risks to its financial stability. While there are improvements in revenue growth and cash flow generation, the company continues to struggle with profitability, as reflected in its negative net profit margins.

Income Statement

Global Crossing Airlines shows a mixed performance in its income statement. The TTM (Trailing-Twelve-Months) gross profit margin improved to 18.2% from 15.8% in the previous year, indicating better cost management. However, the net profit margin remains negative at -2.1%, reflecting ongoing profitability challenges. Revenue growth is positive at 1.6% TTM, but the company has struggled with consistent profitability, as evidenced by negative EBIT and net income in previous years.

Balance Sheet

The balance sheet reveals significant financial leverage with a negative stockholders' equity, leading to a concerning debt-to-equity ratio of -5.07. This high leverage poses a risk to financial stability. Return on equity is positive at 17.9% TTM, but this is due to negative equity, which distorts the metric. The equity ratio is negative, indicating that liabilities exceed assets, which is a critical concern for the company's financial health.

Cash Flow

Cash flow analysis shows improvement, with free cash flow growing significantly by 343.4% TTM. The operating cash flow to net income ratio is 0.12, suggesting some ability to generate cash from operations despite negative net income. However, the free cash flow to net income ratio is low at 0.11, indicating limited free cash flow relative to net losses. Overall, cash flow management shows positive trends but remains constrained by underlying profitability issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	240.35M	223.75M	160.12M	97.11M	14.29M	0.00
Gross Profit	43.47M	35.38M	11.55M	7.24M	-6.99M	-253.00K
EBITDA	29.73M	18.14M	-5.40M	-8.79M	-18.78M	-2.74M
Net Income	-4.62M	-11.47M	-21.01M	-15.82M	-25.06M	-2.60M
Balance Sheet
Total Assets	165.50M	166.74M	131.33M	51.16M	39.07M	7.17M
Cash, Cash Equivalents and Short-Term Investments	13.45M	12.35M	11.60M	1.88M	5.24M	526.17K
Total Debt	143.33M	149.95M	108.58M	39.15M	25.01M	4.12M
Total Liabilities	192.41M	196.21M	151.20M	58.42M	34.83M	6.87M
Stockholders Equity	-27.24M	-29.55M	-20.09M	-7.26M	4.25M	302.38K
Cash Flow
Free Cash Flow	9.21M	853.00K	-5.42M	-8.76M	-8.73M	-1.39M
Operating Cash Flow	18.25M	8.07M	-1.38M	-6.85M	-8.08M	-1.39M
Investing Cash Flow	-11.39M	-9.99M	-13.19M	-1.91M	-3.34M	-680.36K
Financing Cash Flow	-3.23M	-1.71M	26.78M	6.23M	18.86M	2.62M

Global Crossing Airlines Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EIF	70 Outperform	C$4.20B	28.91	9.88%	3.51%	15.47%	9.40%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BBD.B	63 Neutral	$19.74B	33.53	―	―	6.60%	-1.71%
AC	61 Neutral	$5.52B	―	-10.66%	―	-0.09%	-109.21%
CHR	59 Neutral	C$596.93M	-17.93	2.09%	0.34%	-12.42%	69.23%
TTNM	49 Neutral	C$59.19M	-2.34	-24.17%	6.30%	2.28%	-1613.54%
JET	45 Neutral	$69.11M	-12.57	―	―	16.18%	87.47%