Global Crossing Airlines Reports First Quarterly Revenues of US$3.1 Million and Provides Details of Management Webinar to Discuss Q3 Results and Outlook

Provided By Globe Newswire

Last update: Nov 22, 2021

Significant highlights and milestones for the quarter include:

MIAMI, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. (JET: TSX-V; JET.B: TSX-V; JETMF: OTCQB) (the “Company” or “GlobalX”) today reported financial results for its first quarter of revenue operations which occurred in the third quarter ended September 30, 2021, including revenue of $3.1M and net operating loss of $5.26M or ($.10) per diluted share. Included in GlobalX’s operating results are an estimated $2.1 million in expense related to pre-revenue operations during the quarter, as well as approximately $750 thousand in non-recurring expenses. All dollar amounts in this press release are in United States dollars.