GlobalX Q3 revenue $58M (+11% YoY); net loss narrows to $2M; record block hours 9,901

Global Crossing Airlines Group Inc.

2025-Q3 EPS reported -$0.02 revenue$186,004,000

Revenue $58.0M, up 11% YoY; net loss $(2.0)M vs $(4.9)M prior year.
EBITDAR $18.9M (+22%); EBITDA $4.3M vs $(0.6)M prior year.
Record quarterly block hours 9,901 (+23%); utilization 618 hrs/aircraft (+26%).
Management cites own execution issues as reason for not achieving net profitability; calls results a disappointment.
Net aircraft available 15.9; ACMI block hours 96% of total.

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