---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-061065"
form_type: "8-K"
ticker: "JETMF"
cik: "0001846084"
company_name: "Global Crossing Airlines Group Inc."
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T01:54:48.807506+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-061065
- form_type: 8-K
- ticker: JETMF
- cik: 0001846084
- company_name: Global Crossing Airlines Group Inc.
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1846084/000119312524061065/0001193125-24-061065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1846084/000119312524061065/d794555d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-061065
- JSON: https://secwatch.observer/filing/0001193125-24-061065.json
- Plain text: https://secwatch.observer/filing/0001193125-24-061065.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846084/000119312524061065/0001193125-24-061065-index.htm

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