GlobalX posts first annual positive operating income; FY EBITDA quadruples to $20.9M

Global Crossing Airlines Group Inc.

First annual positive operating income of $8.9M vs -$1.1M loss in 2024.
FY revenue up 10% to $246.3M; EBITDA $20.9M, up ~4x from $5.1M.
Q4 net loss $1.9M vs $0.6M; operating income fell 57% to $1.5M from $3.5M.
ACMI block hour mix rose to 85% in Q4; aircraft utilization up 17% to 554 hrs/mo.
Full-year net loss narrowed to $3.1M from $11.5M; record operating cash flow achieved.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

Global Crossing Airlines Group Inc. reported financial results for fourth quarter and full year ended December 31, 2025.

Period: fourth quarter and full year ended December 31, 2025
Result: reported results

Exact text from the filing

On March 4, 2026, Global Crossing Airlines Group Inc. (the “Company”) issued a press release (the “Press Release”) announcing its financial and operating results for the fourth quarter and full year ended December 31, 2025.

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Global Crossing Airlines Group Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-098353

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