---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-209696"
form_type: "8-K"
ticker: "JETMF"
cik: "0001846084"
company_name: "Global Crossing Airlines Group Inc."
filed_at: "2023-08-11T23:59:59+00:00"
generated_at: "2026-06-11T15:22:49.211128+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Global Crossing Airlines Q2 revenue $31.5M, up 80.5% YoY; raises 2023 guidance to $150M

## Summary
- Revenue $31.5M (up 80.5% YoY); adjusted EBITDAR $5.3M; adjusted EBITDA ($1.5M); adjusted EPS ($0.05).
- Net loss $7.5M or ($0.13)/share; block hours 3,585 (+70% YoY); July flew 2,538 block hours.
- 2023 revenue forecast raised to $150M (+54% vs 2022); 75% contracted; 13,629 block hours contracted YTD.
- Secured $35M loan from Axar Capital (6-yr term, 15% interest, 10M warrants at $1); no near-term equity need.
- Q2 impacted by $4.2M accelerated pilot training, $2.4M freighter delivery delays, and MRO downtime on 26% of fleet.

## SEC filing metadata
- accession: 0001193125-23-209696
- form_type: 8-K
- ticker: JETMF
- cik: 0001846084
- company_name: Global Crossing Airlines Group Inc.
- filed_at: 2023-08-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1846084/000119312523209696/0001193125-23-209696-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1846084/000119312523209696/d413749d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-209696
- JSON: https://secwatch.observer/filing/0001193125-23-209696.json
- Plain text: https://secwatch.observer/filing/0001193125-23-209696.txt

## Key facts
- Earnings Releases
  Global Crossing Airlines Group Inc. reported 2023 results: revenue $150 million. Guidance raised.
  - Period: 2023
  - Revenue: $150 million
  - Guidance: raised
  - Result: guidance update
  source text: The Company expects to operate over 6,000 block hours in Q3 and is increasing its revenue guidance for 2023 to $150 million, a 54% increase over 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846084/000119312523209696/0001193125-23-209696-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.