Recent Updates — JETMF

Global Crossing Airlines Group reported second quarter 2026 results with revenue of $62.0 million, a 1% increase year-over-year, driven by higher aircraft utilization and charter rates despite an 11% decline in net available aircraft to 15.3 due to concentrated maintenance events. The company posted a net loss of $1.3 million compared to a $0.6 million profit in the prior year period, primarily due to increased depreciation and amortization expenses from new aircraft acquisitions. However, EBITDA grew 17% to $6.9 million, marking the second-highest quarterly result on record. Management highlighted that five younger Airbus A320 aircraft are entering service in the third quarter as part of a fleet modernization initiative targeting a 25-aircraft fleet by year-end. The company operates as a US domestic and supplemental charter airline providing ACMI services for passengers and cargo.