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

Global Crossing Airlines Group (OTCMKTS:JETMF) issued its quarterly earnings results on Wednesday. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.05), reports.

Global Crossing Airlines Group Stock Up 4.2%

Global Crossing Airlines Group stock traded up $0.03 during midday trading on Wednesday, hitting $0.62. 902 shares of the stock were exchanged, compared to its average volume of 67,641. Global Crossing Airlines Group has a 52-week low of $0.38 and a 52-week high of $0.87. The stock has a market capitalization of $41.43 million, a price-to-earnings ratio of -62.00 and a beta of 1.00. The business’s 50-day moving average price is $0.65 and its 200-day moving average price is $0.62.

Analyst Ratings Changes

JETMF has been the topic of a number of research analyst reports. Zacks Research raised shares of Global Crossing Airlines Group to a “hold” rating in a research report on Thursday, June 25th. Litchfield Hills Research began coverage on Global Crossing Airlines Group in a research report on Monday, June 22nd. They set a “buy” rating on the stock. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Global Crossing Airlines Group currently has a consensus rating of “Moderate Buy”.

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.