Filing Flows › Global Crossing Airlines Group (JETMF) › Q2 2025
Global Crossing Airlines Group (JETMF) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Global Crossing Airlines Group (JETMF) reported revenue of $61.4M for the second quarter 2025 (Q2 2025), +7% from a year earlier and -8% from the quarter before. Operating margin was 5.3%, net earnings $608K (1.0% of revenue).
Global Crossing Airlines Group, Q2 2025: revenue $61.4M (+7% year over year), operating margin 5.3%, net earnings $608K, operating cash flow $8.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $61.4M | -8% | +7% |
| Operating profit | $3.3M | +5% | +29% |
| Net earnings | $608K | +295% | +114% |
| Operating cash flow | $8.8M | 83× | +888% |
| Free cash flow | $6.1M | — | — |
What changed
Revenue was $61.4M in Q2 2025, up 7% year over year and down 8% from the previous quarter. ACMI was the largest line at 73% of revenue. ACMI added $12.6M year over year (up 40%), 329% of the total change. Charter declined 38%.
Operating profit was $3.3M, a 5.3% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 19% reached operating profit, above the 4% margin then. Total costs grew 6% against revenue growth of 7%. Net earnings were $608K, up 114% year over year. The effective tax rate was 0.0%.
Operating cash flow was $8.8M (up 888% year over year), 1432% of net earnings. Non-cash charges added back $2.6M of depreciation and $801K of share-based compensation. Working capital and other items added $4.8M. Capital expenditures of $2.7M left free cash flow of $6.1M.
Questions
What was Global Crossing Airlines Group's revenue in the second quarter 2025?
Global Crossing Airlines Group (JETMF) reported revenue of $61.4M for the second quarter 2025 (Q2 2025), +7% from a year earlier and -8% from the quarter before.
Was Global Crossing Airlines Group profitable in the second quarter 2025?
Operating profit was $3.3M (5.3% of revenue) and net earnings $608K.