Added to YB: 2025-05-14
Pitch date: 2025-05-13
JETMF [neutral]
Global Crossing Airlines Group Inc.
-1.7%
current return
Author Info
No bio for this author
Company Info
Global Crossing Airlines Group Inc. provides air transport services in the United States, Europe, Canada, and Central and South America.
Market Cap
CAD 40.6M
Pitch Price
CAD 0.59
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.27
P/E
-8.13
EV/Sales
0.71
Sector
Passenger Airlines
Category
N/A
Global Crossing Airlines ($JETMF) - America's fastest growing and profitable charter airline.
JETMF (too hard): North America's fastest charter airline, profitable via ACMI model where customers pay by flight hour. $223M 2024 revenue, Q1'25 EBIT +$3.1M vs -$4.6M Q1'24. Risks: 43% revenue from 2 customers (36% likely ICE deportation flights). Trades 1.7x EV/EBITDAR vs peer 4-6x. Put in 'too hard' pile for now.
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