Global Crossing Airlines Group

JET.NE

Airlines, Airports & Air Services · Industrials

Price

C$0.91

+0.03 (+3.41%)

Market Cap

C$60.8M

Exchange

CBOE CA

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 9, 2026 · filings through Mar 31, 2026

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)

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.

Winston Score History

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

+13.1% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

>+1,000% YoY

YoY Growth Rate

EPS growth accelerating

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 Position

Cash flow positive

$20M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Global Crossing Airlines Group is a rare growth stock that's already generating positive cash flow while growing at 13%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

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

Gross Margin

38.0%

Modest — 38.0% gross margin

Operating Margin

8.0%

Modest — 8.0% operating margin

ROCE

36.5%

Exceptional — 36.5% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales YoY

+8.2%

Steady sales growth (+8.2% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

7/8 quarters

Every recent quarter grew earnings vs last year

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

9.6%

Modest free cash flow (9.6%)

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

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Stability

Debt / Equity

N/A

—

Data not available

Interest Cover

0.97x

Dangerous — barely covers interest (1.0x)

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

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

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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