Highest-materiality recent filing
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).
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.
Max materiality 0.80 · Median 0.65 · Most common event earnings