Global X reports third quarter revenues and EBITDAR

Global Crossing Airlines Group (GlobalX) reported third quarter 2023 revenue of $42.6 million with EBITDAR of $7.6 million.    “GlobalX had another record quarter and achieved a new high in block hours operated and reported revenue during the busy summer season,” said Ed Wegel, Chair and Chief Executive Office of GlobalX. “Total revenue was up 38% versus the third quarter of 2022 with a GAAP operating loss of $2.3M, which is $4.4M reduction compared to the second quarter of 2023. GlobalX has made great progress towards the goal of sustained profitability through the growth of our fleet and scaling of our