Filing Flows › Global Crossing Airlines Group (JETMF) › Q1 2026
Global Crossing Airlines Group (JETMF) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Global Crossing Airlines Group (JETMF) reported revenue of $76.6M for the first quarter 2026 (Q1 2026), +15% from a year earlier and +27% from the quarter before. Operating margin was 8.0%, net earnings $2.7M (3.5% of revenue).
Global Crossing Airlines Group, Q1 2026: revenue $76.6M (+15% year over year), operating margin 8.0%, net earnings $2.7M, operating cash flow $9.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $76.6M | +27% | +15% |
| Operating profit | $6.1M | +311% | +96% |
| Net earnings | $2.7M | — | 17× |
| Operating cash flow | $9.0M | -51% | 85× |
| Free cash flow | $5.3M | -69% | — |
What changed
Revenue was $76.6M in Q1 2026, up 15% year over year and up 27% from the previous quarter. ACMI was the largest line at 52% of revenue. ACMI added $5.3M year over year (up 16%), 54% of the total change.
Operating profit was $6.1M, a 8.0% margin (up 3.3 points year over year). Of the extra revenue versus Q1 2025, 30% reached operating profit, above the 5% margin then. Total costs grew 11% against revenue growth of 15%. Net earnings were $2.7M, up 1647% year over year. The effective tax rate was 0.0%.
Operating cash flow was $9.0M (up 8402% year over year), 320% of net income including minority interests. Non-cash charges added back $4.7M of depreciation and $497K of share-based compensation. Working capital and other items added $1.0M. Capital expenditures of $3.7M left free cash flow of $5.3M.
Questions
What was Global Crossing Airlines Group's revenue in the first quarter 2026?
Global Crossing Airlines Group (JETMF) reported revenue of $76.6M for the first quarter 2026 (Q1 2026), +15% from a year earlier and +27% from the quarter before.
Was Global Crossing Airlines Group profitable in the first quarter 2026?
Operating profit was $6.1M (8.0% of revenue) and net earnings $2.7M.