Global Crossing Airlines Group Inc. (V:JET)
Business Focus: Airlines (NEC)
| This company is also listed in the United States as JETMF on the OTC. Click here to get the live US quote and see if there are any SEC insider filings.. |
| Sector: Industrials | Industry: Airlines |
| Company Contact | |
| Address: | MIAMI FL 33166 |
| Tel: | N/A |
| Website: | https://www.globalairlinesgroup.com |
| IR: | See website |
| Key People | ||
| Chris Jamroz Executive Chairman of the Board | Ryan Goepel President, Chief Financial Officer | Indyara Andion Vice President, General Counsel |
| George M. Hambrick Chief Safety Officer | Sheila Paine Corporate Secretary | |
| Business Overview |
| Global Crossing Airlines Group Inc. operates a United States Part 121 domestic flag and supplemental airline using the Airbus A320 family of aircraft (A320). Its business model is to provide services on an Aircraft, Crew, Maintenance and Insurance (ACMI) using wet lease contracts to airlines and non-airlines, and on a Full Service (Charter) basis whereby it provides passenger aircraft charter services to customers by charging an all-in fee that includes fuel, insurance, landing fees, and navigation fees. The Company also operates an ACMI cargo service, flying the A321 freighter. The Company maintains additional crew bases at locations: San Antonio International Airport (SAT) in San Antonio, Texas, and Harry Reid International Airport (LAS) in Las Vegas, Nevada. Its passenger aircraft fleet is built on the Airbus A320-200 fleet family. Its cargo aircraft fleet is based on the Airbus A321 aircraft type. It operates within the United States, Europe, Canada, Central and South America. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Global Crossing Airlines Group Inc revenues increased 65% to $160.1M. Net loss increased 33% to $21M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Salaries, Wages, & Benefits increase of 76% to $54.1M (expense), Aircraft Rent increase from $15.6M to $33.6M (expense). |
| Employees: | 625 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $67.32M as of Dec 31, 2023 |
| Annual revenue (TTM): | $219.37M as of Dec 31, 2023 |
| EBITDA (TTM): | -$18.59M as of Dec 31, 2023 |
| Net annual income (TTM): | -$28.78M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$7.43M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $24.90M as of Dec 31, 2023 |
| Shares outstanding: | 53,732,307 as of Mar 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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