Global Crossing Airlines Group (GlobalX), a U.S.-based charter and ACMI operator, has completed the acquisition of one Airbus A320, bearing manufacturer serial number 3101, marking its first direct aircraft purchase. In addition, GlobalX has signed definitive lease agreements for four Airbus A319s with serials 2477, 2481, 2492, and 2503, with scheduled deliveries spanning from August to November 2025.
Global Crossing Airlines Group, a U.S.-based charter and ACMI service provider, has reported first-quarter 2025 revenue of $66.6 million, marking a 24% year-over-year increase. Despite this significant revenue growth, the airline posted a modest net loss of $200,000, illustrating a near break-even performance.
Global Crossing Airlines has released its preliminary financial projections for the fourth quarter and fiscal year ending December 31, 2024. The company anticipates Q4 2024 revenue to be between $55 million and $61 million, with an EBITDA ranging from $2 million to $5 million.
Global Crossing Airlines Group (US), also known as GlobalX, has announced a digital interline agreement with United Airlines (US). This partnership enables streamlined cargo transport between San Juan, Puerto Rico, and Chicago, Illinois, as part of a Block Space Agreement. This agreement signifies a major step in improving cargo connectivity and efficiency, particularly for routes requiring smooth interline transitions. By leveraging digital processes,…
Global Crossing Airlines Group (US) has announced a key leadership change with the resignation of Paul Martinsfrom his role as a Director of the Company. This development signifies a shift in the airline’s governance and comes as the company continues to navigate its growth and strategic initiatives in the competitive aviation sector.
Global Crossing Airlines (GlobalX), based in the United States, is shifting its focus toward passenger aircraft to meet rising demand, delaying a previously planned cargo aircraft delivery from the fourth quarter of this year to late 2025. This strategic decision allows GlobalX to allocate resources more efficiently toward expanding its passenger services, aligning with current market demand….
Global Crossing Airlines (USA) achieved a notable 23% increase in revenue for the third quarter of 2024, totaling $52.4 million. Despite this revenue growth, the airline’s net loss remained flat at $4.9 million, and it held $7.8 million in cash and restricted cash, underscoring its commitment to operational expansion and financial stability.
Crestone Air Partners, a U.S.-based aviation investment firm, has expanded its fleet with the acquisition of four Airbus A321 aircraft.
