<span item_type="fundamental" item_id="939d4fc1f2b5e5bb81937edf1e5d6c07" counter_id="ST/US/JETBF" env="prod"></span><span item_type="announcement" item_id="582051037064267137" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 58 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD -0.03.</p><p></p><h3>Financial and Operational Metrics</h3><h4>Revenue</h4><ul><li>Total revenue for Q3 2025 was $58.0 million, an increase of 11% compared to $52.4 million in Q3 2024, primarily driven by growth in ACMI operations.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_1.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_2.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="3" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_3.htm"></span></li><li>ACMI revenue increased by 44% to $53.2 million, compared to $36.8 million in the prior year quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_2.htm"></span></li><li>Charter revenue decreased to $2.3 million, from $15 million in Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_2.htm"></span></li></ul><h4>Net Income</h4><ul><li>Net loss improved to $2.0 million from $4.9 million in the previous year, with loss per share improving to - $0.03 compared to - $0.08 per share.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_1.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_2.htm"></span></li></ul><h4>EBITDAR and EBITDA</h4><ul><li>EBITDAR increased by 22% to $18.9 million from $15.4 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_1.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_2.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="3" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_3.htm"></span></li><li>EBITDA improved significantly to $4.3 million from a loss of - $0.6 million in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_1.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_2.htm"></span></li></ul><h4>Cash Flow</h4><ul><li>Cash flow from operations improved to $0.6 million, compared to cash used by operations of $1.0 million in Q3 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_1.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_2.htm"></span></li><li>The company ended Q3 2025 with approximately $7.2 million in cash and restricted cash, compared to $14 million at December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_2.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="3" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_3.htm"></span></li></ul><h4>Operational Metrics</h4><ul><li>Total block hours increased by 23% to 9,901 hours, with 96% of block hours attributed to ACMI operations.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_1.htm"></span></li><li>Average utilization hours per aircraft increased by 26% to 618 hours.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_1.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="3" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_3.htm"></span></li></ul><h4>Unique Metrics</h4><ul><li>The company had 15.9 net aircraft available, a 5% increase from 15.2 in the previous year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_1.htm"></span></li><li>ACMI block hours increased by 45% year-over-year to 9,527 hours.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_2.htm"></span></li><li>Charter block hours decreased to 178 hours, from 1,254 hours in the prior year quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_2.htm"></span></li><li>Average revenue per block hour for ACMI was $5,586, consistent with the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_2.htm"></span></li><li>Average revenue per block hour for Charter was $12,978, compared to $11,951 in the prior year quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_2.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>GlobalX plans to build on its momentum through disciplined growth, focusing on profitable expansion and deploying additional aircraft to meet rising demand across core charter markets in 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_1.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_2.htm"></span></li><li>The company expects all aircraft to be fully operational heading into December, traditionally its busiest and most profitable month.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_1.htm"></span></li><li>Management is committed to profitability improvements, with EBITDAR up approximately 3x YoY to $62.8 million in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="3" url="https://www.sec.gov/Archives/edgar/data/1846084/000119312525277145/jetmf-ex99_3.htm"></span></li></ul>

Global Crossing Airlines Group Inc. | 8-K: FY2025 Q3 Revenue: USD 58 M