secwatch.observer — SEC 8-K summary
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Issuer:     Global Crossing Airlines Group Inc. (JETMF)
CIK:        0001846084
Form:       8-K
Filed at:   2022-04-01T23:59:59+00:00
Accession:  0001193125-22-093574
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Crossing Airlines reports first-year revenue $14.3M, net loss $19.8M; expects 2022 revenue >$90M
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- Full year revenue $14.3M from 5 months of operations; net loss $19.8M ($0.43/diluted), including $11.1M pre-revenue and $1.8M non-recurring.
- Q4 2021 revenue $11.2M (260% sequential increase from Q3); operating loss $4.5M.
- Obtained FAA Air Carrier Certificate and DOT authority; entered revenue service Aug 7, 2021; ended year with six A320s.
- Signed agreements for 9 A321 freighter conversions; leased 2 additional A321Fs; total contracted backlog $161M.
- 2022 outlook: Q1 revenue to exceed total 2021 revenue; full year revenue expected >$90M; profitability targeted by Q3 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846084/000119312522093574/0001193125-22-093574-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846084/000119312522093574/d281657d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-093574

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