secwatch.observer — SEC 8-K summary
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Issuer:     Global Crossing Airlines Group Inc. (JETMF)
CIK:        0001846084
Form:       8-K
Filed at:   2026-05-12T18:20:40+00:00
Accession:  0001193125-26-219032
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Crossing Airlines Q1 net income $2.7M (up 14x YoY); revenue $76.6M (+15%)
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- Revenue $76.6M (+15% YoY), net income $2.7M (14x increase), EBITDAR $24.2M (+17%).
- Average aircraft utilization 552 hours/aircraft (+25%); total block hours 8,315 (+10%).
- ACMI block hours 74% of total (vs 68% PY); net aircraft available 14.9 (down 11% YoY).
- Management targets financial sustainability by year-end; broad demand from sports, media, concerts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846084/000119312526219032/0001193125-26-219032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846084/000119312526219032/jetmf-20260512.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-219032

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