secwatch.observer — SEC 8-K summary
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Issuer:     Global Crossing Airlines Group Inc. (JETMF)
CIK:        0001846084
Form:       8-K
Filed at:   2025-08-15T23:59:59+00:00
Accession:  0000950170-25-109392
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GlobalX reports Q2 GAAP net income $0.6M, revenue $61.4M (+7% YoY), record block hours 8,065
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- GAAP net income $0.6M ($0.01 EPS) vs $0.3M in Q2 2024; net income doubled.
- Revenue $61.4M, up 7% YoY from $57.5M; EBITDAR $19.8M (+6%), EBITDA $5.9M (+48%).
- Record block hours 8,065 (+13% YoY); ACMI flights comprised 84% of block hours.
- Average aircraft available 17.1 vs 14.4 a year ago; utilization 471 hours per aircraft.
- Management cites improved profitability, cash flow, and consistent execution.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846084/000095017025109392/0000950170-25-109392-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846084/000095017025109392/jetmf-20250813.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-109392

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer