Global Crossing Airlines Group (OTCMKTS:JETMF) Announces Earnings Results, Beats Expectations By $0.06 EPS

Global Crossing Airlines Group (OTCMKTS:JETMF) announced its earnings results on Wednesday. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06, Zacks reports. The company had revenue of $76.57 million during the quarter, compared to analysts’ expectations of $60.53 million.

Global Crossing Airlines Group Stock Performance

JETMF traded up $0.01 on Friday, reaching $0.68. The company had a trading volume of 73,900 shares, compared to its average volume of 68,976. The business has a 50 day simple moving average of $0.54 and a 200 day simple moving average of $0.60. The company has a market cap of $45.32 million, a price-to-earnings ratio of -68.31 and a beta of 0.94. Global Crossing Airlines Group has a 52-week low of $0.38 and a 52-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.