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

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

Global Crossing Airlines Group Price Performance

Global Crossing Airlines Group stock traded up $0.02 during midday trading on Wednesday, hitting $0.69. 172,570 shares of the company were exchanged, compared to its average volume of 94,065. The company’s fifty day moving average price is $0.54 and its 200-day moving average price is $0.60. The company has a market cap of $45.78 million, a PE ratio of -13.80 and a beta of 0.94. Global Crossing Airlines Group has a fifty-two week low of $0.38 and a fifty-two week high of $0.87.

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.