Global Crossing Airlines Group (JET) Corporate presentation summary

Business model and market

• Focuses on narrowbody Airbus A319/A320/A321 passenger charter and ACMI for sports, government, entertainment, tour and airline customers.

• ACMI customers pay by block hour and assume fuel, demand and price risk; all-in charter uses a fixed fee covering fuel, insurance, landing and other operating expenses.

• 2026 market estimates: U.S. charter flights $52.6B, North American air charter $13.6B and global ACMI $11.8B.

Fleet and operations

• Fleet grew from 1 aircraft in 2021 to 20 in 2025 and 23 as of Nov. 5, 2026; target is 25 by year-end 2026.

• Revenue increased from $14.3M in 2021 to $246.3M in 2025; presentation cites a 77% 5-year revenue CAGR.

• Operating bases in Miami, Alexandria, Mesa and Harlingen support repositioning within 3 hours of many U.S. airports, faster response and lower ferry and crew-movement costs.

• Flights have served 67+ countries and 460+ cities since 2021.

• Pilot headcount rose 31% since Dec. 2025; three ex-Spirit airframes and related engines were leased, with fleet modernization and a hybrid ownership model planned.

Financial performance

• Q3 2026 revenue was $71.8M, operating income $4.0M, EBITDA $10.4M and EBITDAR $25.7M; operating cash flow was $9.0M.

• Q3 revenue grew 24% YoY and EBITDA increased 144%; eight consecutive quarters of positive EBITDA were reported.

• Q3 2026 GAAP operating margin was 5.6%, ranking fifth among 11 U.S. passenger airlines in the presentation's comparison.

• FY2025 EBITDAR was $78.3M, up 25% YoY, and EBITDA was $20.9M, nearly 4x YoY; Q3 2026 TTM EBITDAR was $88.3M.

• 9M 2026 revenue was $210.4M, compared with FY2025 revenue of $246.3M.