Global Crossing Airlines Group (JET) investor relations material

Company overview and business model

• Fastest growing charter airline in North America, focused on on-time performance and reliability since 2020.

• Achieved certification in 2021 at a fraction of typical costs due to market conditions during COVID-19.

• Operates as a Part 121 flag carrier with global certifications, currently managing 19 aircraft.

• Targets niche markets within a $10 billion U.S. passenger and cargo sector, acting as an ACMI operator rather than a scheduled carrier.

• Charter model passes costs to customers, minimizing risk and capital requirements, using older aircraft for economic efficiency.

Fleet growth and operational expansion

• Fleet expanded from one aircraft in 2021 to 20 under operation, with four more expected by mid-year 2026.

• Opened new bases in Miami, Alexandria, Mesa, and Harlingen to reduce repositioning costs and access more markets.

• Operated flights to over 67 countries and 460 cities since 2021, surpassing major scheduled carriers in reach.

• Eight aircraft are dedicated to government contracts as of April 2024, providing stable revenue.

• Expanded customer base to include professional sports franchises in the last quarter.

Financial performance and outlook

• Q1 2024 revenue reached $76.6 million, with net income of $2.7 million and EBITDAR of $24.2 million.

• Cash flow from operations was $9 million in Q1, with $20 million in cash and restricted cash at quarter end.

• EBITDAR run rate is $80 million, with expectations for further growth as fleet utilization increases.

• Revenue up 15% year-over-year; net income up 18x to $2.7 million; six consecutive quarters of positive EBITDA.

• Trailing 12-month EBITDAR up 17% year-over-year; EBITDA up 4x to $20 million in 2025.