Filing Flows › Global Crossing Airlines Group (JETMF) › Q1 2025
Global Crossing Airlines Group (JETMF) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Global Crossing Airlines Group (JETMF) reported revenue of $66.6M for the first quarter 2025 (Q1 2025), +24% from a year earlier and +11% from the quarter before. Operating margin was 4.7%, net earnings $154K (0.2% of revenue).
Global Crossing Airlines Group, Q1 2025: revenue $66.6M (+24% year over year), operating margin 4.7%, net earnings $154K, operating cash flow $106K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $66.6M | +11% | +24% |
| Operating profit | $3.1M | -10% | — |
| Net earnings | $154K | — | — |
| Operating cash flow | $106K | -99% | — |
What changed
Revenue was $66.6M in Q1 2025, up 24% year over year and up 11% from the previous quarter. ACMI was the largest line at 52% of revenue. ACMI added $15.7M year over year (up 84%), 123% of the total change. Charter declined 10%.
Operating profit was $3.1M, a 4.7% margin (up 13.2 points year over year). Total costs grew 9% against revenue growth of 24%. Net earnings were $154K. The effective tax rate was 0.0%.
Operating cash flow was $106K, 20% of net income including minority interests. Non-cash charges added back $2.2M of depreciation and $536K of share-based compensation. Working capital and other items used $3.2M. Capital expenditures of $2.7M exceeded it, leaving free cash flow of −$2.6M.
Questions
What was Global Crossing Airlines Group's revenue in the first quarter 2025?
Global Crossing Airlines Group (JETMF) reported revenue of $66.6M for the first quarter 2025 (Q1 2025), +24% from a year earlier and +11% from the quarter before.
Was Global Crossing Airlines Group profitable in the first quarter 2025?
Operating profit was $3.1M (4.7% of revenue) and net earnings $154K.