GlobalX Q2 FY26 turns to net loss of USD 1.3 million; operating income drops 58% to USD 1.4 million

Reuters2026/08/12 20:08

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GlobalX posted Q2 2026 revenue of USD 62 million, up 1% year over year; operating income fell 58% to USD 1.4 million.
Net results swung to a loss attributable to the Company of USD 1.3 million from profit; loss per share was USD 0.02.
Non-GAAP EBITDA rose 17% to USD 6.9 million, while net aircraft available declined 11% to 15.3.
Average utilization climbed 11% to 523 hours per aircraft; block hours slipped 1% to 8,010, with ACMI share up 3 percentage points to 87%.
Fleet modernization advanced with authority to expand to 25 aircraft; five A320s slated for 2H entry, with only two scheduled 2-year checks left in Q3.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Global Crossing Airlines Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608121605PRIMZONEFULLFEED9808904) on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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GlobalX Q2 FY26 turns to net loss of USD 1.3 million; operating income drops 58% to USD 1.4 million

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