Global Crossing Airlines reports quarterly results

Global Crossing Airlines Group has reported financial results for its first quarter of revenue operations which occurred in the third quarter ended September 30, 2021. GlobalX posted revenue of $3.1 million and net operating loss of $5.26 million or ($.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. During the quarter, GlobalX obtained its US FAA Aircraft Operating Certificate as a US 121 Flag and Supplemental Carrier, as well as its Certificate of Public Convenience and Necessity