secwatch.observer — SEC 8-K summary
======================================

Issuer:     Global Crossing Airlines Group Inc. (JETMF)
CIK:        0001846084
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001193125-24-061065
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846084/000119312524061065/0001193125-24-061065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846084/000119312524061065/d794555d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-061065

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer