JETMF on OTC

Global Crossing Airlines Group Inc.

American air transportation company based in Miami, incorporated in Delaware. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

$246.3MRevenue, fiscal 20252
-$3.1MNet income, fiscal 20252

Compare with Republic Airways Holdings, Allegiant Air or Hawaiian Airlines, or pick any stock.

  • TickerJETMF on OTC1
  • IndustryAir Transportation, Scheduled1
  • HeadquartersMiami, Florida1
  • Incorporated inDE3
  • Business address4200 Nw 36Th Street, Building 5A, Miami Int'L Airport, 4Th Floor, Miami, Fl 331663
  • Filer category, Emerging growth company3
  • Legal formCorporation

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Global Crossing Airlines Group Inc. (“GlobalX” or the “Company”) operates a US Part 121 domestic flag and supplemental airline using the Airbus A320 family of aircraft (“A320”). GlobalX’s business model is to (1) provide services on an Aircraft, Crew, Maintenance and Insurance (“ACMI”) basis using wet lease contracts to airlines whereby we provide aircraft, crew, maintenance and insurance to customers, and (2) on a Full Service (“Charter”) basis whereby we provide passenger aircraft charter services to customers by charging an “all-in” fee that includes fuel, insurance, landing fees, navigation fees and most other operational fees and costs. GlobalX operates within the United States, Europe, Canada, the Caribbean Islands, and Central and South America.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

3.6%Operating margin2
-1.2%Net margin2
10.1%Revenue growth, 20252
$16.5MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

ACMI brought in 69% of the revenue Global Crossing Airlines Group Inc. broke down this way in fiscal 2025.

  1. ACMI$175.8M269%up 43% from 2024
  2. Charter$62.3M224%down 35% from 2024
  3. Other Product and Service$8.3M23%up 59% from 2024
  4. Other Services$8.3M23%up 59% from 2024
Products and services by year
Products and services20242025
ACMI$123.1M$175.8M
Charter$95.5M$62.3M
Other Product and Service$5.2M$8.3M
Other Services$5.2M$8.3M

Regions

United States brought in 96% of the revenue Global Crossing Airlines Group Inc. broke down this way in fiscal 2025.

  1. United States$237.0M296%
  2. Outside the United States$9.3M24%
Regions by year
Regions2025
United States$237.0M
Outside the United States$9.3M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$246.3M
  • Income tax0¢$18.0K

Out of $246.3M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending41¢$11.6M
  • Dividends paid2¢$468.0K
  • Kept or used elsewhere57¢$16.0M

Out of $28.1M of cash from operations.2

Financial statements

Revenue5672$246.3M in 2025+1624% since 2021
0$100.0M$200.0M$300.0M2021: $14.3M$14.3M20212022: $97.1M$97.1M2022+579%2023: $160.1M$160.1M2023+65%2024: $223.8M$223.8M2024+40%2025: $246.3M$246.3M2025+10%
Operating income5672$8.9M in 2025
-$20.0M-$10.0M0$10.0M2021: -$17.2M-$17.2M20212022: -$11.2M-$11.2M2022−35%2023: -$15.9M-$15.9M2023+41%2024: -$1.1M-$1.1M2024−93%2025: $8.9M$8.9M2025
Net income5672-$3.1M in 2025−85% since 2021
-$30.0M-$20.0M-$10.0M02021: -$19.8M-$19.8M20212022: -$15.8M-$15.8M2022−20%2023: -$21.0M-$21.0M2023+33%2024: -$11.5M-$11.5M2024−45%2025: -$3.1M-$3.1M2025−73%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2025-12-312024-12-31
Revenue$246.3M$223.8M
Salaries, Wages, & Benefits$80.5M$67.8M
Aircraft Fuel$15.3M$23.8M
Maintenance, materials and repairs$19.1M$13.2M
Depreciation and amortization$12.0M$6.3M
Contracted ground and aviation services$18.2M$19.6M
Travel$9.5M$11.2M
Insurance$5.2M$6.2M
Aircraft Rent$57.4M$57.7M
Other$20.2M$19.1M
Total Operating Expenses$237.4M$224.9M
Operating Income (Loss)$8.9M-$1.1M
Interest Expense$11.5M$9.0M
Loss in Canada Jetlines Operations Ltd.$1.3M
Total Non-Operating Expenses$11.5M$10.3M
Loss before income taxes-$2.6M-$11.4M
Income tax expense$18.0K$2.0K
Net Loss-$2.6M-$11.4M
Net Income attributable to Noncontrolling Interest$433.0K$87.0K
Net Loss attributable to the Company-$3.1M-$11.5M
Basic-$0.05-$0.19
Diluted-$0.05-$0.19
Weighted average number of shares outstanding64.1M shares60.4M shares
Fully diluted shares outstanding64.1M shares60.4M shares

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Leadership

Who has led Global Crossing Airlines Group Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Edward J. Wegel2022–2023

Chief financial officer

  1. Ryan Goepel2022–2023
2025
Board members and other officers (14)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorDeborah Allan Robinson named Apr 12, 202226
  • DirectorT. Allan McArtor named Apr 12, 202226

Timeline

  1. Feb 25, 2022New chief executive Edward J. Wegel becomes CEO12

Filings

194 filings to the SEC since October 2021: 7 annual reports, 14 quarterly reports, 35 major events, 74 insider forms, 17 large holders, 1 private raises, 46 other. The latest 20:

  1. Sep 9, 20264 EDGAR
  2. Sep 8, 20264 PRIMARY DOCUMENT EDGAR
  3. Sep 8, 20263/A PRIMARY DOCUMENT EDGAR
  4. Aug 17, 20268-K EDGAR
  5. Aug 14, 20268-K EDGAR
  6. Aug 13, 202610-Q EDGAR
  7. Aug 7, 2026SEC STAFF ACTION EDGAR
  8. Aug 7, 20264 EDGAR
  9. Jun 10, 202610-K/A EDGAR
  10. May 12, 20268-K EDGAR
  11. May 7, 202610-Q EDGAR
  12. Apr 14, 20264/A EDGAR
  13. Apr 10, 2026SCHEDULE 13D/A EDGAR
  14. Mar 30, 20264/A EDGAR
  15. Mar 27, 20264 EDGAR
  16. Mar 16, 2026144 EDGAR
  17. Mar 9, 20268-K EDGAR
  18. Mar 5, 202610-K EDGAR
  19. Feb 20, 2026144 EDGAR
  20. Jan 8, 2026SCHEDULE 13D EDGAR

The 194 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

82 open-market trades by officers, directors and large owners since October 2021: 10 buys and 72 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 23, 2026Goepel RyanSee RemarksSale15,549$0.44$6.8KForm 4
Mar 23, 2026Goepel RyanSee RemarksSale65,549$0.43$28.3KForm 4
Mar 23, 2026Goepel RyanSee RemarksSale15,549$0.44$6.8KForm 4
Mar 16, 2026Goepel RyanSee RemarksSale30,051$0.40$12.0KForm 4
Mar 16, 2026Goepel RyanSee RemarksSale113,385$0.44$49.5KForm 4
Mar 16, 2026Goepel RyanSee RemarksSale30,051$0.40$12.0KForm 4
Feb 20, 2026Goepel RyanSee RemarksSale113,329$0.48$54.4KForm 4
Feb 20, 2026Goepel RyanSee RemarksSale113,329$0.48$54.4KForm 4
Feb 20, 2026Goepel RyanSee RemarksSale113,329$0.48$54.4KForm 4
Feb 3, 2026Goepel RyanSee RemarksSale286,666$0.60$172.0KForm 4
Nov 7, 2025Red Oak Partners, LLC10% ownerSale398,020$0.71$282.6KForm 4
Aug 29, 2025Goepel RyanSee RemarksSale45,000$0.66$29.7KForm 4
Jun 16, 2025Goepel RyanSee RemarksSale118,500$0.60$71.1KForm 4
May 30, 2025Goepel RyanSee RemarksSale20,000$0.60$12.0KForm 4
May 27, 2025Goepel RyanSee RemarksSale12,045$0.64$7.7KForm 4
Feb 20, 2025Red Oak Partners, LLC10% ownerBuy800,000$0.73$584.0KForm 4
Dec 19, 2024Red Oak Partners, LLC10% ownerSale1,162,500$0.46$534.8KForm 4
Dec 19, 2024Jamroz Krzysztof W.DirectorBuy1,162,500$0.46$534.8KForm 4
Oct 18, 2024Red Oak Partners, LLC10% ownerBuy436,630$0.60$262.0KForm 4
Sep 2, 2024Red Oak Partners, LLC10% ownerBuy2,325,000$0.46$1.1MForm 4

All 82 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Mar 28, 2022Raised $5.8 million in a private offering of debt Form D: 5 investors so far Form D

Sources

The numbers on this page point here. Each one links to the record it came from.

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