secwatch.observer — SEC 8-K summary
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Issuer:     Global Crossing Airlines Group Inc. (JETMF)
CIK:        0001846084
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001193125-25-277145
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/0001193125-25-277145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-277145

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