Canada Jetlines files first annual financial report after start of flying

Canada Jetlines has announced that its revenue for 2022 came to $3.3 million, with 72% derived from charter and wet-lease operations after the carrier’s first flights in September. The company reported almost $16 million in operating expenses for the 2022 fiscal year, up more than £12 million on 2021 due to it starting flying and adding aircraft in the meantime. Assets stood at $27.3 million at the end of 2022, a $22 million year-on-year increase. Liabilities climbed from $1 million to almost $29 million over the period. “Current liabilities increased from $821K in 2021 to $8.2 million, mainly due to