Global Crossing Airlines reports record annual revenue $160.1M, net loss $21M, EBITDAR $20M

Global Crossing Airlines Group Inc.

Record annual revenue $160.1M (Q4 $53.5M); block hours doubled to 18,072.
EBITDAR $20M (fourfold increase); net loss $21M; EPS $(0.37).
Fleet grew to 14 aircraft; pilot count doubled; cash $17.7M (up 31% YoY).
GEM facility extended 12 months; $7M invested in pilot training for 2024 aircraft.
Management expects strong 2024 charter demand; sourcing aircraft next two quarters.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Global Crossing Airlines Group Inc. reported twelve months ended December 31, 2023 results: revenue $160.1 Million, net income ($21) million, EPS $(0.37).

Period: twelve months ended December 31, 2023
Revenue: $160.1 Million
Net income: ($21) million
EPS: $(0.37)
Result: reported results

Exact text from the filing

and $160M for the year. All figures are in United States dollars and prepared in accordance with U.S. GAAP. Annual 2023 Highlights and Financial Results • Annual Revenues of $160.1 Million • EBITDAR (1) of $20 Million, a fourfold increase over 2022 • Block Hours flown more than doubled • Aircraft Utilization jumps 26.3% • Pilot count more than doubles • Fleet size

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Source: SEC EDGAR

accession 0001193125-24-061065

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