Global Crossing Airlines Group

JET.NE

Airlines, Airports & Air Services · Industrials

Price

C$0.75

+0.01 (+1.35%)

Market Cap

C$50.1M

Exchange

CBOE CA

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Weak

Stability

Weak

Valuation

Data not available

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Share count rising — dilution

+38.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 46.2M (2021) → 64.1M (2025)

Winston Score History

The full picture

Global Crossing Airlines Group (GlobalX) is a US-based charter airline that flies passengers and cargo on behalf of other companies rather than selling tickets directly to the public. Its main customers include tour operators, sports teams, government agencies, and the US military. The company operates a fleet of Airbus A320-family and A321 aircraft out of its Miami base.

GlobalX makes money by charging clients a fee to operate flights under contract, which is called an ACMI (aircraft, crew, maintenance, and insurance) or charter model. This means revenue depends on keeping planes busy with contracted customers rather than filling seats on scheduled routes. The company operates primarily in North America, Latin America, and the Caribbean, and remains a small carrier with a market cap around $100 million. Its main risk is customer concentration — losing a few large contracts could significantly hurt revenue, and rising fuel or labor costs can quickly squeeze its thin operating margins.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-1.6% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-295.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

32.6%ownership

Insiders own a meaningful stake in the company

Cash Runway

~9 months

$12M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Cash watch

Global Crossing Airlines Group has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

36.4%

Modest — 36.4% gross margin

Profit after running costs

Operating Margin

2.2%

Thin — 2.2% operating margin

Return on the money invested

ROCE

3.1%

Weak — 3.1% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth

Sales YoY

+6.1%

Slow sales growth (+6.1% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

5.6%

Thin free cash flow (5.6%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

—

Data not available

Covers its interest

Interest Cover

0.75x

Dangerous — barely covers interest (0.7x)

Interest coverage below 1. Their profits don't cover the interest bill.

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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