Global Crossing Airlines Group Inc.

Global Crossing Airlines Group Inc. reported revenue of $246.3 million for FY 2025, an increase from $223.8 million in FY 2024. The company achieved operating income of $8.9 million, a significant improvement from an operating loss of $1.1 million in the prior year. However, the company reported a net loss attributable to the company of $3.1 million, which was a substantial improvement from the $11.5 million net loss in FY 2024. The improvement was driven by revenue growth and cost management, though interest expense of $11.5 million and a $1.3 million loss from Canada Jetlines Operations Ltd. contributed to the bottom-line loss. The company generated $28.1 million in operating cash flow, ending the period with $20.5 million in cash and restricted cash. The auditor's report expressed substantial doubt about the company's ability to continue as a going concern due to limited operating history, recurring net losses, and a working capital deficit of $60.5 million as of December 31, 2025.

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