GlobalX first quarter revenue climbs after fleet expansion

US charter Global Crossing Airlines’ first quarter revenue climbed to $53.8 million, compared to $32.2 million in the first quarter of 2023. The increase was attributed to the US Department of Transport authorising the company to expand its fleet to 20 aircraft along with increasing its chartered block hours from 3,134 in the first quarter of 2023 to 5,200 block hours in the quarter past. It added that the “continued strong demand for passenger ACMI and charter flights” helped propel its revenue. “Since our inception in 2019, GlobalX has demonstrated a consistent ability to swiftly integrate new aircraft into revenue-generating