Zacks Research Upgrades Global Crossing Airlines Group (OTCMKTS:JETMF) to “Hold”

Global Crossing Airlines Group (OTCMKTS:JETMF) was upgraded by investment analysts at Zacks Research to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Separately, Litchfield Hills Research initiated coverage on shares of Global Crossing Airlines Group in a research note on Monday. They set a “buy” rating for the company. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Global Crossing Airlines Group Stock Down 11.0%

Shares of JETMF opened at $0.58 on Thursday. The stock’s 50-day moving average price is $0.73 and its 200 day moving average price is $0.61. The firm has a market capitalization of $38.48 million, a price-to-earnings ratio of -58.00 and a beta of 1.00. Global Crossing Airlines Group has a 12-month low of $0.38 and a 12-month high of $0.87.

Global Crossing Airlines Group (OTCMKTS:JETMF) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06. The firm had revenue of $76.57 million for the quarter, compared to the consensus estimate of $60.53 million. Equities research analysts expect that Global Crossing Airlines Group will post 0.29 EPS for the current year.

Key Stories Impacting Global Crossing Airlines Group

Here are the key news stories impacting Global Crossing Airlines Group this week:

• Positive Sentiment: Litchfield Hills Research maintained a Buy rating and issued multiple earnings forecasts that imply expected profitability across 2026 and 2027, which can improve investor confidence in Global Crossing Airlines Group’s outlook.
• Neutral Sentiment: Zacks Research upgraded Global Crossing Airlines Group Inc. (JETMF) to Hold, a modestly better view than a lower rating but not a strong bullish catalyst. Zacks.com
• Neutral Sentiment: Analysts highlighted projected EPS of $0.29 for FY2026 and $0.34 for FY2027, along with quarterly estimates that suggest continued earnings improvement, but these are forecasts rather than reported results.

About Global Crossing Airlines Group

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.