other material
confidence high
sentiment positive
materiality 0.75
GlobalX Q2 block hours sold up 40% QoQ; signs multiple aircraft leases and regulatory approvals
Global Crossing Airlines Group Inc.
- Q2 2022 block hours sold 2,418, up 40% from Q1 2022 (1,729 flown).
- Signed LOIs for two passenger aircraft (A319, A321) and firm leases for three A321 freighters; total A321F fleet target 15.
- Regulatory wins: FAA North Atlantic ops approval, Colombia/Ecuador operating permits, Ft. Lauderdale maintenance facility land lease.
- Signed TUI fly Netherlands contract for up to 1,600 block hours in Q3; new client in Dominican Republic.
- Q3 outlook: 2,997 block hours already sold; capacity expected to increase 45% over Q2, then another 45% in Q4.