GlobalX FY2022 revenue $97.1M beats $90M guidance; Q4 adj. EBITDAR $5.3M

Global Crossing Airlines Group Inc.

FY2022 revenue $97.1M (+742% YoY); Q4 revenue $32.5M (+191% YoY).
Full-year adjusted EBITDAR $9.0M; Q4 adjusted EBITDAR $5.3M, adj. EBITDA $846K.
2023 revenue guidance at least $140M (44% increase) based on 9 passenger + 2 cargo aircraft.
Cargo operations launched with first A321F in Feb 2023; second A321F expected in April.
Added 79 new customers in 2022; fleet grew from 3 aircraft (2021) to 8 by end of 2022.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Global Crossing Airlines Group Inc. reported financial results for the twelve months ended December 31, 2022.

Period: the twelve months ended December 31, 2022
Result: reported results

Exact text from the filing

On March 9, 2023, the Company issued a press release announcing its financial results for the twelve months ended December 31, 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Global Crossing Airlines Group Inc. reported 2023 results: revenue at least $140 Million. Guidance initiated.

Period: 2023
Revenue: at least $140 Million
Guidance: initiated
Result: guidance update

Exact text from the filing

We are providing guidance of expected full year revenue in 2023 of at least $140 Million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Global Crossing Airlines Group Inc. reported the 2022 year and Q4 2022 results: revenue $97.1 million and $32.5 million, EPS $(0.00). Guidance initiated.

Period: the 2022 year and Q4 2022
Revenue: $97.1 million and $32.5 million
EPS: $(0.00)
Guidance: initiated
Result: reported results

Exact text from the filing

Total operating revenues for the 2022 year and Q4 2022 were $97.1 million and $32.5 million

View on SEC.gov

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Global Crossing Airlines Group Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-069893

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