Filing Flows › Global Crossing Airlines Group (JETMF) › Q2 2026
Global Crossing Airlines Group (JETMF) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
Global Crossing Airlines Group (JETMF) reported revenue of $62.0M for the second quarter 2026 (Q2 2026), +1% from a year earlier and -19% from the quarter before. Operating margin was 2.2%, net loss $1.4M (2.2% of revenue).
Global Crossing Airlines Group, Q2 2026: revenue $62.0M (+1% year over year), operating margin 2.2%, net loss $1.4M, operating cash flow −$1.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $62.0M | -19% | +1% |
| Operating profit | $1.4M | -78% | -58% |
| Net earnings | −$1.4M | -151% | -325% |
| Operating cash flow | −$1.6M | -118% | -118% |
What changed
Revenue was $62.0M in Q2 2026, up 1% year over year and down 19% from the previous quarter. ACMI was the largest line at 72% of revenue. Other Product and Service added $1.7M year over year (up 114%), 274% of the total change. Charter declined 8%.
Operating profit was $1.4M, a 2.2% margin (down 3.1 points year over year). Operating profit fell $1.9M even though revenue rose $636K versus Q2 2025, so costs grew faster than sales. Total costs grew 4% against revenue growth of 1%. The quarter ended with a net loss of $1.4M, after a profit of $2.8M the previous quarter. Net interest and other expense of $2.7M was the main reason.
Operating cash flow was −$1.6M. Non-cash charges added back $5.6M of depreciation and amortization and $637K of share-based compensation. Working capital and other items used $6.4M. Capital expenditures of $2.5M exceeded it, leaving free cash flow of −$4.1M.
Questions
What was Global Crossing Airlines Group's revenue in the second quarter 2026?
Global Crossing Airlines Group (JETMF) reported revenue of $62.0M for the second quarter 2026 (Q2 2026), +1% from a year earlier and -19% from the quarter before.
Was Global Crossing Airlines Group profitable in the second quarter 2026?
Operating profit was $1.4M (2.2% of revenue) and net loss $1.4M.