secwatch.observer — SEC 8-K summary
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Issuer:     Global Crossing Airlines Group Inc. (JETMF)
CIK:        0001846084
Form:       8-K
Filed at:   2026-03-09T23:59:59+00:00
Accession:  0001193125-26-098353
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846084/000119312526098353/0001193125-26-098353-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846084/000119312526098353/jetmf-20260309.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-098353

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