Global Crossing Airlines Group Inc (OTC: JETMF) is a charter and ACMI airline that operates Airbus A320 and A321 aircraft for cargo and passenger customers. Revenue comes from two primary service models: ACMI contracts, where the company provides aircraft, crew, maintenance, and insurance while customers bear fuel and demand risk, and charter services, where the company charges a fixed fee covering fuel, insurance, and operational costs. The company began flight operations in August 2021 and is headquartered in the United States. As of December 31, 2025, GlobalX operated an average of 13.8 aircraft on operating leases, down from 14.2 in FY2024. The company carries a working capital deficit of $60.5 million and a retained deficit of $73.6 million as of December 31, 2025, with auditors noting substantial doubt about its ability to continue as a going concern. Aircraft rent alone totaled $57.4 million in FY2025. Unrestricted cash stood at $16.7 million as of December 31, 2025.

Revenue model

Two service models: ACMI (aircraft, crew, maintenance, insurance provided; customers pay fuel and other operational costs) and charter (fixed fee inclusive of fuel, insurance, and most operational costs). Revenue is transactional, billed by block hour or charter contract.

Products and services

ACMI outsourced aircraft operating solutions for cargo and passenger customers; charter flights for cargo and passengers; Airbus A320 and A321 narrowbody aircraft operations.

Customers and end markets

Cargo and passenger charter customers who require outsourced aircraft capacity. ACMI customers assume fuel and demand risk; charter customers pay fixed fees. Specific customer names are not disclosed in the excerpts.

Value-chain role

Aircraft operator providing outsourced lift capacity to cargo and passenger customers. Aircraft are sourced through operating leases and finance leases from third-party lessors. Heavy maintenance is outsourced to FAA-approved service providers.

Geographic exposure

U.S.-based operator. The A320 fleet has range covering North America, South America, the Caribbean, and major European destinations, per management description in the FY2025 10-K.

Source: SEC 10-K, filed 2026-03-05

Industry: Air Transportation, Scheduled Peers: Wheels Up Experience Inc Strata Critical Medical Inc HARBOR DIVERSIFIED, INC. Republic Airways Holdings Inc Southwest Airlines Co