Highest-materiality recent filing
Global Crossing Airlines: Director McArtor resigns, Sandberg appointed to board
T. Allan McArtor resigned from Board effective Aug 14, 2026; remains Senior Advisor to Executive Chairman.
GlobalX Q2 2026: Revenue flat at $62M, net loss $1.3M, EBITDA up 17%
Revenue $62.0M vs $61.4M YoY (+1%); net loss $(1.3)M vs $0.6M profit.
Global Crossing Airlines Q1 net income $2.7M (up 14x YoY); revenue $76.6M (+15%)
Revenue $76.6M (+15% YoY), net income $2.7M (14x increase), EBITDAR $24.2M (+17%).
GlobalX posts first annual positive operating income; FY EBITDA quadruples to $20.9M
First annual positive operating income of $8.9M vs -$1.1M loss in 2024.
GlobalX stockholders elect six directors, reapprove equity plans, ratify auditor
All six director nominees elected with >94% votes for each.
GlobalX Q3 revenue $58M (+11% YoY); net loss narrows to $2M; record block hours 9,901
Revenue $58.0M, up 11% YoY; net loss $(2.0)M vs $(4.9)M prior year.
GlobalX reports Q2 GAAP net income $0.6M, revenue $61.4M (+7% YoY), record block hours 8,065
GAAP net income $0.6M ($0.01 EPS) vs $0.3M in Q2 2024; net income doubled.
Global Crossing completes first aircraft purchase, adds four A319 leases expanding fleet by >20%
Acquired one used A320 (MSN 3101) for net ~$14.28M; $14.65M loan at 8.84% matures by Mar 2031.
Global Crossing Airlines discloses cybersecurity incident found on May 5, 2025
Learned of unauthorized network activity on May 5, 2025; promptly activated incident response and third-party experts.
Global Crossing director Paul Martins resigns after shareholder vote fails to re-elect
At Nov 22, 2024 annual meeting, votes withheld for Paul Martins exceeded votes in favor.
GlobalX director Paul Martins fails to win majority vote; ESPP share pool tripled to 4M
Director Paul Martins received 36.76% For, 63.23% Withheld; his election is subject to Majority Voting Policy per Cboe Canada exchange rules.
Edward Wegel terminated as CEO and Chairman effective Feb 5, 2024; no severance paid.
Global Crossing Airlines reports record annual revenue $160.1M, net loss $21M, EBITDAR $20M
Record annual revenue $160.1M (Q4 $53.5M); block hours doubled to 18,072.
Ed Wegel resigns as CEO and Chairman effective Feb 5, 2024; remains director and senior advisor.
Global Crossing Airlines closes $5M additional notes; repurchases $4.3M existing notes
Issued $5M of additional 15% Senior Secured Notes due 2029; net proceeds repurchased $4.316M of Aug 2023 notes.
Global Crossing Airlines re-elects seven directors, ratifies auditor at 2023 Annual Meeting
Edward Wegel re-elected with 14,159,849 for, 9,973 withheld; 9,307,960 broker non-votes.
GlobalX Q3 revenue $42.6M (+38% YoY); reaffirms FY23 revenue guidance of $150M
Q3 revenue $42.6M (+38% YoY); EBITDAR $7.6M; GAAP operating loss $2.3M (improved $4.4M vs Q2).
GlobalX operates record 4,900 block hours in Jul-Aug; adds 10th passenger aircraft
July: ~2,500 block hours; August: ~2,400 block hours; Q3 total 4,900 up 55% YoY from 3,157.
Global Crossing Airlines Q2 revenue $31.5M, up 80.5% YoY; raises 2023 guidance to $150M
Revenue $31.5M (up 80.5% YoY); adjusted EBITDAR $5.3M; adjusted EBITDA ($1.5M); adjusted EPS ($0.05).
$35M senior secured notes due 2029 at 15% fixed interest, plus 1.75% upfront fee.
GlobalX Q1 revenue $32.2M (+96% YoY), adjusted EBITDAR $2.5M, reaffirms $140M+ 2023 revenue
Q1 revenue $32.2M, up 96% YoY; adjusted EBITDAR $2.5M, adjusted EBITDA ($2.9M), adjusted EPS ($0.07).
GlobalX FY2022 revenue $97.1M beats $90M guidance; Q4 adj. EBITDAR $5.3M
FY2022 revenue $97.1M (+742% YoY); Q4 revenue $32.5M (+191% YoY).
Global Crossing Airlines secures $5M loan at 20% interest to fund fleet expansion
Up to $5M promissory note from a third-party lender, unsecured, non-convertible, no warrants.
Stockholders elect all seven directors and approve equity plan amendments at 2022 Annual Meeting
All seven director nominees were elected (Edward Wegel, Ryan Goepel, Alan Bird, T. Allan McArtor, John Quelch, Deborah Robinson, Cordia Harrington).
GlobalX reports Q3 net income of $163,631; revenue $30.8M, up 886%
Net income of $163,631 ($0.002 diluted EPS); adjusted net income of $233,346 ($0.003).
Global Crossing Airlines Group furnished an investor presentation used at the MicroCap Club Conference on September 16, 2022.
GlobalX Q2 revenue $17.4M, net loss $6.8M; reaffirms FY22 revenue guidance of $90M+
Record quarterly revenue of $17.4M, up 7% from Q1 2022 with same aircraft count, driven by 2,132 block hours.
GlobalX Q2 block hours sold up 40% QoQ; signs multiple aircraft leases and regulatory approvals
Q2 2022 block hours sold 2,418, up 40% from Q1 2022 (1,729 flown).
GlobalX Q1 revenue $16.3M (+46% QoQ), net loss $4.8M; reaffirms $90M+ 2022 revenue guidance
Revenue $16.3M on 1,729 block hours, up 46% and 33% respectively from Q4 2021.
Director Joseph DaGrosa retires from Global Crossing Airlines board effective March 31, 2022
Joseph DaGrosa notified the board of his retirement for personal reasons effective March 31, 2022.
Global Crossing Airlines closes US$6.0M secured debenture financing at 15% interest, issues warrants
Gross proceeds of US$6.0M from non-convertible debentures maturing in 24 months, bearing 15% annual interest payable quarterly.
Full year revenue $14.3M from 5 months of operations; net loss $19.8M ($0.43/diluted), including $11.1M pre-revenue and $1.8M non-recurring.
Global Crossing Airlines raises up to $6M via debentures and warrants; funds aircraft expansion
Non-convertible debentures of up to $6M with 15% annual interest, payable quarterly; maturity 24 months.
Global Crossing Airlines graduates to NEO Exchange from TSX Venture effective March 16, 2022
Common shares and Class B shares to list on NEO Exchange from 9:30 am ET on March 16, 2022.
Global Crossing Airlines becomes fully reporting SEC issuer; S-1 effective
Form S-1 declared effective on Feb 3, 2022 for resale of shares by selling stockholders from prior private placements.
On August 14, 2026, T. Allan McArtor submitted to Global Crossing Airlines Group Inc. (the “Company”) his notice of resignation from the Board of Directors (the “Board”) of the Company, effective August 14, 2026.
On August 11, 2026, the Board of the Company appointed David Sandberg to serve as a director on the Board of the Company, effective immediately, with a term expiring at the Company’s next Annual Meeting of Stockholders.
Edward J. Wegel was terminated as the Company’s Chief Executive Officer and Chairman of the Board of Directors, effective of February 5, 2024.
Ryan Goepel has been appointed President of the Company, effective as of February 5, 2024.
Chris Jamroz has been appointed as Executive Chairman of the Company’s Board of Directors, effective as of February 5, 2024.
Chris Jamroz has been appointed as Executive Chairman of the Board, effective as of February 5, 2024.
Ryan Goepel has been appointed President of the Company, effective as of February 5, 2024.
Mr. Wegel has resigned his duties, rights, and obligations as an officer and Chairman and CEO of the Company, effective February 5, 2024.
Pursuant to the Subscription Agreement, the board of directors of the Issuer appointed Andrew Axelrod a director of the Issuer on August 3, 2024, effective immediately.
the board of directors of the Issuer appointed Andrew Axelrod a director of the Issuer on August 3, 2024, effective immediately.
On March 31, 2022, Joseph DaGrosa, a member of the Board of Directors of Global Crossing Airlines Group Inc. (the “Company”), notified the Company of his intention to retire from the Company’s Board of Directors for personal reasons, effective as of March 31, 2022.
Max materiality 0.80 · Median 0.65 · Most common event earnings