Global Crossing Airlines Group (JETBF) reported second-quarter 2026 revenue of $62.0 million, up 1% from $61.4 million a year earlier. The company recorded a net loss attributable to the company of $1.3 million, compared with net income of $0.6 million in the prior-year quarter.
Loss per basic and diluted share was $0.02, compared with earnings of $0.01 per basic and diluted share in Q2 2025. EBITDA rose 17% to $6.9 million, while EBITDAR was $19.3 million.
- Operating income was $1.4 million, down from $3.3 million in Q2 2025.
- Operating expenses increased 4% to $60.6 million.
- Net aircraft available declined to 15.3 from 17.1, while average utilization per available aircraft rose 11% to 523 hours.
- Cash and restricted cash totaled approximately $11.9 million as of June 30, 2026, compared with $20.5 million at December 31, 2025.
- The company received authority to expand its fleet to 25 aircraft and expects five A320 aircraft additions and one aircraft return in the second half of 2026.
