Global Crossing Airlines Group reports solid second quarter

Global Crossing Airlines Group reported total operating revenue of $31.5 million, rise of $14 million or 80.5% as compared to Q2 2022. The group reported its second quarter 2023 financial results. GlobalX operated 3,585 revenue block hours in Q2, 2023 representing an 70% increase over the number of block hours operated in Q2 2022. This also compares favorably to 3,134 block hours operated in Q1 2023, an increase of 14%. In addition, Q2 2023 results on an Adjusted EBITDAR basis were $5.3 million. On a year over year basis the company saw revenue increase by 80%, while costs only increased