Global Crossing Airlines Group (OTCMKTS:JETMF) Announces Earnings Results

Global Crossing Airlines Group (OTCMKTS:JETMF) announced its earnings results on Wednesday. The company reported ($0.03) EPS for the quarter, Zacks reports. The business had revenue of $60.30 million for the quarter.

Global Crossing Airlines Group Stock Down 4.0%

Shares of Global Crossing Airlines Group stock traded down $0.02 during midday trading on Thursday, hitting $0.50. The company’s stock had a trading volume of 1,998 shares, compared to its average volume of 51,373. Global Crossing Airlines Group has a 1-year low of $0.47 and a 1-year high of $0.87. The firm has a market capitalization of $32.70 million, a P/E ratio of -16.67 and a beta of 0.67. The stock has a 50-day simple moving average of $0.58 and a 200-day simple moving average of $0.63.

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.