Global Crossing Airlines Group (OTCMKTS:JETMF) Announces Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Global Crossing Airlines Group (OTCMKTS:JETMF) released its quarterly earnings data on Wednesday. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.06, Zacks reports.

Global Crossing Airlines Group Trading Down 1.2%

OTCMKTS JETMF traded down $0.01 during trading on Thursday, hitting $0.68. 14,000 shares of the company’s stock were exchanged, compared to its average volume of 68,593. Global Crossing Airlines Group has a fifty-two week low of $0.38 and a fifty-two week high of $0.87. The company has a market cap of $45.25 million, a PE ratio of -13.64 and a beta of 0.94. The stock’s 50 day moving average price is $0.54 and its two-hundred day moving average price is $0.60.

Global Crossing Airlines Group Company Profile

Global Crossing Airlines Group (OTCMKTS: JETMF) is an aviation holding company whose principal subsidiary, GlobalX Airlines, provides passenger charter, scheduled and ACMI (aircraft, crew, maintenance and insurance) services. The company operates a fleet of narrow-body aircraft, primarily Airbus A320‐family jets, configured to support leisure and charter markets, air-bridge operations and ad hoc charters.

The company’s main business activities include on-demand charter flights for tour operators, cruise lines and corporate clients, as well as scheduled service linking key U.S.