Global Crossing Airlines Group Inc. filings document formal disclosures for a Delaware airline issuer with common stock and Class B non-voting common stock registered under Section 12(g). Recent 8-K reports furnish quarterly and annual operating results, earnings-call transcripts, non-GAAP reconciliations and Regulation FD investor presentations tied to GlobalX's ACMI and charter airline business.
Proxy and annual meeting filings cover board elections, stockholder voting, auditor ratification and reapproval of the company's Incentive Stock Option Plan, Restricted Share Unit Plan and Performance Share Unit Plan. The filing record also describes capital-structure features, governance procedures and compensation-plan matters relevant to the company's public-company reporting.
Global Crossing Airlines Group reported strong first quarter 2026 results, showing higher growth and improved profitability despite operating with fewer aircraft. Revenue rose 15% to $76.6 million, driven by higher block hours, better utilization per aircraft, and stronger charter pricing. Total operating expenses increased 11% to $70.5 million, reflecting higher maintenance and personnel costs tied to fleet expansion and a shift of some in-house maintenance to third parties.
Net income improved sharply to $2.7 million from $0.2 million, with earnings of $0.04 per share. EBITDAR grew 17% to $24.2 million, while EBITDA roughly doubled to $10.8 million. Cash flow from operations increased to $9.0 million compared to $0.1 million a year earlier, and cash and restricted cash were about $20.0 million as of March 31, 2026. Operationally, GlobalX flew 8,315 block hours, up 10%, with average utilization per aircraft up 25% to 552 hours, even as net aircraft available fell 11% to 14.9.
ACMI flying made up 74% of block hours, up from 68%, supporting a model where fuel costs are generally passed through to customers. Charter revenue per block hour increased 32% to $17,881, highlighting stronger pricing and demand, particularly in collegiate and professional sports charters. Cargo operations remained weak due to soft freight markets and continued to weigh on earnings, with management estimating a cargo drag of roughly $10–$11 million for full-year 2026 if current conditions persist. Management emphasized disciplined fleet growth focused on Airbus A320 aircraft, targeted fleet expansion to more than 20 aircraft by the end of 2026, and a strategy of adding aircraft only against contracted or highly visible demand.
Global Crossing Airlines Group reported strong first quarter 2026 results, showing higher growth and improved profitability despite operating with fewer aircraft. Revenue rose 15% to $76.6 million, driven by higher block hours, better utilization per aircraft, and stronger charter pricing. Total operating expenses increased 11% to $70.5 million, reflecting higher maintenance and personnel costs tied to fleet expansion and a shift of some in-house maintenance to third parties.
Net income improved sharply to $2.7 million from $0.2 million, with earnings of $0.04 per share. EBITDAR grew 17% to $24.2 million, while EBITDA roughly doubled to $10.8 million. Cash flow from operations increased to $9.0 million compared to $0.1 million a year earlier, and cash and restricted cash were about $20.0 million as of March 31, 2026. Operationally, GlobalX flew 8,315 block hours, up 10%, with average utilization per aircraft up 25% to 552 hours, even as net aircraft available fell 11% to 14.9.
ACMI flying made up 74% of block hours, up from 68%, supporting a model where fuel costs are generally passed through to customers. Charter revenue per block hour increased 32% to $17,881, highlighting stronger pricing and demand, particularly in collegiate and professional sports charters. Cargo operations remained weak due to soft freight markets and continued to weigh on earnings, with management estimating a cargo drag of roughly $10–$11 million for full-year 2026 if current conditions persist. Management emphasized disciplined fleet growth focused on Airbus A320 aircraft, targeted fleet expansion to more than 20 aircraft by the end of 2026, and a strategy of adding aircraft only against contracted or highly visible demand.
Global Crossing Airlines Group Inc. reported stronger Q1 2026 results but highlighted serious liquidity risks. Revenue rose to $76.6 million from $66.6 million, driven by higher charter and ACMI activity and better utilization. Net income attributable to the company increased to $2.7 million, compared with $0.2 million a year earlier, and operating income nearly doubled as scale and pricing improved. Despite this progress, the company ended the quarter with a $63.6 million working capital deficit, a $70.9 million retained deficit and significant lease and debt obligations. Management states these conditions raise substantial doubt about its ability to continue as a going concern without additional financing.
Global Crossing Airlines Group Inc. reported stronger Q1 2026 results but highlighted serious liquidity risks. Revenue rose to $76.6 million from $66.6 million, driven by higher charter and ACMI activity and better utilization. Net income attributable to the company increased to $2.7 million, compared with $0.2 million a year earlier, and operating income nearly doubled as scale and pricing improved. Despite this progress, the company ended the quarter with a $63.6 million working capital deficit, a $70.9 million retained deficit and significant lease and debt obligations. Management states these conditions raise substantial doubt about its ability to continue as a going concern without additional financing.
Global Crossing Airlines Group Inc. director and officer Ryan Goepel reported multiple transactions in company stock. He exercised derivative awards to acquire 420,000 shares of common stock at an exercise price of $0.00 per share through vesting of restricted stock units. On the same general timeline, he sold 158,929 common shares, including 113,329 shares at $0.48 per share, 30,051 shares at $0.40 per share, and 15,549 shares at $0.44 per share, with at least part of the disposition described as a sale-to-cover for tax withholding on RSU vesting. After these transactions, he directly owned 1,810,795 common shares.
Global Crossing Airlines Group Inc. director and officer Ryan Goepel reported multiple transactions in company stock. He exercised derivative awards to acquire 420,000 shares of common stock at an exercise price of $0.00 per share through vesting of restricted stock units. On the same general timeline, he sold 158,929 common shares, including 113,329 shares at $0.48 per share, 30,051 shares at $0.40 per share, and 15,549 shares at $0.44 per share, with at least part of the disposition described as a sale-to-cover for tax withholding on RSU vesting. After these transactions, he directly owned 1,810,795 common shares.
Global Crossing Airlines Group Inc. director and officer Ryan Goepel reported multiple open-market sales of the company’s common stock. From February 3 to March 23, 2026, he sold a total of 578,929 shares at prices between $0.40 and $0.60 per share.
After an open-market sale on March 23, 2026 at $0.44 per share, his reported direct ownership was 1,810,795 common shares. He also holds Restricted Stock Units (RSUs) covering 573,334 shares that vest in thirds on February 3, 2026, 2027 and 2028, plus 50,000 RSUs vesting in equal annual installments on March 20, 2026 and 2027, each RSU representing a contingent right to one common share.
Global Crossing Airlines Group Inc. director and officer Ryan Goepel reported multiple open-market sales of the company’s common stock. From February 3 to March 23, 2026, he sold a total of 578,929 shares at prices between $0.40 and $0.60 per share.
After an open-market sale on March 23, 2026 at $0.44 per share, his reported direct ownership was 1,810,795 common shares. He also holds Restricted Stock Units (RSUs) covering 573,334 shares that vest in thirds on February 3, 2026, 2027 and 2028, plus 50,000 RSUs vesting in equal annual installments on March 20, 2026 and 2027, each RSU representing a contingent right to one common share.
Ryan Goepel filed a Form 144 to sell Common Stock of Global Crossing Airlines.
The filing lists proposed securities related to recent RSU vesting: 83,334 shares vested on 03/16/2026 and 50,000 shares vested on 03/20/2026. The disclosure also reports a prior sale of 113,329 shares on 02/20/2026.
Ryan Goepel filed a Form 144 to sell Common Stock of Global Crossing Airlines.
The filing lists proposed securities related to recent RSU vesting: 83,334 shares vested on 03/16/2026 and 50,000 shares vested on 03/20/2026. The disclosure also reports a prior sale of 113,329 shares on 02/20/2026.
Global Crossing Airlines Group Inc. reported strong fourth quarter and full-year 2025 results, highlighted by its first-ever annual positive operating income and record operating cash flow. Full-year revenue rose to $246.3 million from $223 million, while EBITDA jumped to $20.9 million from $5 million.
EBITDAR increased to $78.3 million from $62 million, and net loss narrowed to $3 million from $11 million, reflecting better aircraft utilization and cost controls. In Q4 2025, revenue edged up to $60.3 million, EBITDA was $5.3 million, and operating cash flow reached $18.6 million. Year-end cash and restricted cash totaled $20.5 million, up from $14.0 million.
Global Crossing Airlines Group Inc. reported strong fourth quarter and full-year 2025 results, highlighted by its first-ever annual positive operating income and record operating cash flow. Full-year revenue rose to $246.3 million from $223 million, while EBITDA jumped to $20.9 million from $5 million.
EBITDAR increased to $78.3 million from $62 million, and net loss narrowed to $3 million from $11 million, reflecting better aircraft utilization and cost controls. In Q4 2025, revenue edged up to $60.3 million, EBITDA was $5.3 million, and operating cash flow reached $18.6 million. Year-end cash and restricted cash totaled $20.5 million, up from $14.0 million.
Global Crossing Airlines Group Inc. operates a U.S. Part 121 ACMI and charter airline using the Airbus A320 family, serving the U.S., Europe, Canada, the Caribbean, and Central and South America. The company had an aggregate market value of $27,173,759 of non‑affiliate equity as of June 30, 2025.
Shares outstanding totaled 66,351,785 as of March 2, 2026, including common and Class A and B non‑voting stock. The fleet grew to 16 passenger and 4 cargo aircraft at December 31, 2025, with plans to expand passenger aircraft to twenty‑one over the next 12 months.
GlobalX highlights a limited operating history, ongoing net losses, negative operating cash flow, and significant aircraft‑related fixed obligations as key risks, along with heavy regulation, fuel price volatility, seasonality and dependence on the A320 family. A May 2025 cybersecurity incident was contained without operational disruption or material financial impact, and a small legal matter with a former executive was settled for approximately $4,000.
Global Crossing Airlines Group Inc. operates a U.S. Part 121 ACMI and charter airline using the Airbus A320 family, serving the U.S., Europe, Canada, the Caribbean, and Central and South America. The company had an aggregate market value of $27,173,759 of non‑affiliate equity as of June 30, 2025.
Shares outstanding totaled 66,351,785 as of March 2, 2026, including common and Class A and B non‑voting stock. The fleet grew to 16 passenger and 4 cargo aircraft at December 31, 2025, with plans to expand passenger aircraft to twenty‑one over the next 12 months.
GlobalX highlights a limited operating history, ongoing net losses, negative operating cash flow, and significant aircraft‑related fixed obligations as key risks, along with heavy regulation, fuel price volatility, seasonality and dependence on the A320 family. A May 2025 cybersecurity incident was contained without operational disruption or material financial impact, and a small legal matter with a former executive was settled for approximately $4,000.
Global Crossing Airlines Group Inc. Executive Chairman Krzysztof W. Jamroz filed a Schedule 13D reporting beneficial ownership of 2,060,520 shares of common stock, representing 5.06% of the outstanding class, held through his wholly owned entity LyonIX Aviation I, LLC.
On November 7, 2025, Lyon acquired 398,020 common shares, warrants to purchase 1,500,000 common shares, and 1,101,980 shares of Class A Non-Voting Common Stock for an aggregate purchase price of $1,100,728.93, funded with Mr. Jamroz’s personal funds. The warrants and Class A Non-Voting shares cannot be exercised or converted if doing so would push his beneficial ownership above 4.99%. Lyon has also been issued 1,499,000 restricted stock units that vest on August 3, 2026.
Global Crossing Airlines Group Inc. Executive Chairman Krzysztof W. Jamroz filed a Schedule 13D reporting beneficial ownership of 2,060,520 shares of common stock, representing 5.06% of the outstanding class, held through his wholly owned entity LyonIX Aviation I, LLC.
On November 7, 2025, Lyon acquired 398,020 common shares, warrants to purchase 1,500,000 common shares, and 1,101,980 shares of Class A Non-Voting Common Stock for an aggregate purchase price of $1,100,728.93, funded with Mr. Jamroz’s personal funds. The warrants and Class A Non-Voting shares cannot be exercised or converted if doing so would push his beneficial ownership above 4.99%. Lyon has also been issued 1,499,000 restricted stock units that vest on August 3, 2026.
Galloway Capital Partners, Galloway Capital, LP and Bruce Galloway have disclosed a significant ownership position in Global Crossing Airlines Group Inc. common stock. As of December 9, 2025, they beneficially owned 4,082,000 shares, representing about 6.24% of the company’s outstanding common shares, based on 65,387,229 shares outstanding as of November 5, 2025.
The group acquired its position through open market purchases from August 2024 through December 2025 at an aggregate purchase price of approximately $0.69 per share, using investment capital from the reporting entities and Bruce Galloway. They state the investment is for investment purposes, but also indicate they may buy more or sell shares and intend to engage the board and management on performance, operations, governance, capital allocation and strategy, believing the company’s share price is undervalued and trading at a significant discount.
Galloway Capital Partners, Galloway Capital, LP and Bruce Galloway have disclosed a significant ownership position in Global Crossing Airlines Group Inc. common stock. As of December 9, 2025, they beneficially owned 4,082,000 shares, representing about 6.24% of the company’s outstanding common shares, based on 65,387,229 shares outstanding as of November 5, 2025.
The group acquired its position through open market purchases from August 2024 through December 2025 at an aggregate purchase price of approximately $0.69 per share, using investment capital from the reporting entities and Bruce Galloway. They state the investment is for investment purposes, but also indicate they may buy more or sell shares and intend to engage the board and management on performance, operations, governance, capital allocation and strategy, believing the company’s share price is undervalued and trading at a significant discount.