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Global Crossing Airlines Group (JETMF) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Global Crossing Airlines Group (JETMF) Q3 2026 earnings results →
Q3 2026 Revenue up 24% year over year to $71.8M · 0¢ of every $1 of revenue kept as net profit · operating margin 5.6%
Global Crossing Airlines Group made $71.8M in Q3 2026 (+24% Y/Y): ACMI $55.2M, Charter $13.5M, Other Product and Service $3.1M. Operating margin 5.6%, net earnings $226K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
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What changed this quarter
Revenue was $71.8M in Q3 2026, up 24% year over year and up 16% from the previous quarter. ACMI was the largest line at 77% of revenue. Charter added $11.2M year over year (up 483%), 81% of the total change.
Operating profit was $4.0M, a 5.6% margin (up 3.8 points year over year). Of the extra revenue versus Q3 2025, 22% reached operating profit, above the 2% margin then. Total costs grew 19% against revenue growth of 24%. Net earnings were $238K. The effective tax rate was 0.0%.
Operating cash flow was $9.0M (up 1413% year over year), 3996% of net income including minority interests. Non-cash charges added back $6.4M of depreciation and amortization and $39K of share-based compensation. Working capital and other items added $2.4M. Capital expenditures of $1.3M left free cash flow of $7.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $71.8M | +24% | 5.6% | $226K | $9.0M |
| Q2 2026 | 10-Q | Aug 13, 2026 | $62.0M | +1% | 2.2% | −$1.4M | −$1.6M |
| Q1 2026 | 10-Q | May 7, 2026 | $76.6M | +15% | 8.0% | $2.7M | $9.0M |
| Q4 2025 | 10-K | Mar 5, 2026 | $60.3M | +0.7% | 2.5% | −$1.8M | $18.6M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $58.0M | +11% | 1.8% | −$2.0M | $597K |
| Q2 2025 | 10-Q | Aug 14, 2025 | $61.4M | +7% | 5.3% | $608K | $8.8M |
| Q1 2025 | 10-Q | May 8, 2025 | $66.6M | +24% | 4.7% | $154K | $106K |
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About Global Crossing Airlines Group
Global Crossing Airlines Group Inc. (“GlobalX” or the “Company”) operates a US Part 121 domestic flag and supplemental airline using the Airbus A320 family of aircraft (“A320”). GlobalX’s business model is to (1) provide services on an Aircraft, Crew, Maintenance and Insurance (“ACMI”) basis using wet lease contracts to airlines whereby we provide aircraft, crew, maintenance and insurance to customers, and (2) on a Full Service (“Charter”) basis whereby we provide passenger aircraft charter services to customers by charging an “all-in” fee that includes fuel, insurance, landing fees, navigation fees and most other operational fees and costs. GlobalX operates within the United States, Europe, Canada, the Caribbean Islands, and Central and South America.
In its own words, from its 10-K, filed Mar 5, 2026.
Global Crossing Airlines Group against its Air Transportation, Scheduled peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +24% against the peers' median +21%. Operating margin: 5.6% against the peers' median 1.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| JETMF Global Crossing Airlines Group | Q3 2026 | $71.8M | +24% | 5.6% |
| DAL Delta Air Lines | Q3 2026 | $20.2B | +21% | 7.2% |
| United Airlines | Q3 2026 | $17.9B | +17% | 8.1% |
| AAL American Airlines Group | Q3 2026 | $16.3B | +19% | 0.7% |
| American Airlines | Q1 2025 | $12.6B | -0.2% | -2.2% |
| LUV Southwest Airlines | Q3 2026 | $8.4B | +21% | 4.5% |
| ALK Alaska Air Group | Q3 2026 | $4.3B | +14% | 1.9% |
| JBLU Jetblue Airways | Q3 2026 | $2.8B | +21% | -5.1% |
| ULCC Frontier Group Holdings | Q3 2026 | $1.4B | +53% | -8.0% |
Source: Global Crossing Airlines Group 10-Q on SEC EDGAR · CIK 1846084 · Air Transportation, Scheduled
Guidance and outlook
13F: who owns JETMF and who is buying
More on JETMF
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Global Crossing Airlines Group operating margin by quarter
- Global Crossing Airlines Group net income by quarter
- Global Crossing Airlines Group free cash flow by quarter
- Global Crossing Airlines Group capital expenditures by quarter
- Global Crossing Airlines Group ACMI revenue by quarter
- Global Crossing Airlines Group Charter revenue by quarter
- Global Crossing Airlines Group Other Product and Service revenue by quarter