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The company operates a specialized ACMI and charter airline business with a growing fleet and multiple operational bases, supported by FAA certification and regulatory compliance. Its focus on the Airbus A320 family allows operational efficiencies. The business model provides diversified revenue streams through wet lease contracts and charters across multiple regions. The company has demonstrated modest profitability and maintains liquidity to support operations.

The company faces liquidity constraints with a current ratio of 0.27 and current liabilities significantly exceeding current assets as of September 30, 2026. The airline industry is heavily regulated, and compliance costs, including environmental regulations, may increase operational expenses. The company has not paid dividends and retains cash for operational needs, indicating limited cash flow flexibility. Expansion plans may be challenged by regulatory, operational, and financial risks inherent in the airline sector.

Global Crossing Airlines' moat is based on its FAA Part 121 certification, which requires rigorous compliance with safety and operational standards, creating barriers to entry. Its ACMI wet lease business model provides flexibility and recurring revenue streams by serving other airlines. The company's geographic operational bases and fleet composition tailored to the Airbus A320 family support operational efficiency. Regulatory compliance and certifications act as protective factors, while its established relationships with airports and customers contribute to competitive positioning.

• Liquidity Risk: The company has a current ratio of 0.27 as of September 30, 2026, indicating potential short-term liquidity challenges given current liabilities exceed current assets significantly.
• Regulatory Compliance Risk: Global Crossing Airlines operates in a heavily regulated industry with oversight from the FAA, DOT, TSA, and environmental agencies. Changes in regulations or failure to comply could impact operations and costs.
• Operational Risk: The airline business involves risks related to fleet management, maintenance, crew availability, and airport access. Limitations on gate availability or landing slots at Miami International Airport could affect operations.
• Environmental Regulation Risk: The company is subject to evolving greenhouse gas emissions standards and other environmental regulations which may increase compliance costs and operational constraints.

• Global Crossing Airlines Group Inc. operates as a US Part 121 domestic flag and supplemental airline using the Airbus A320 family of aircraft.
• The company provides services on an Aircraft, Crew, Maintenance and Insurance (ACMI) basis via wet lease contracts to other airlines, supplying aircraft, crew, maintenance, and insurance.
• It also operates on a Full Service (Charter) basis, providing passenger aircraft charter services charging an all-in fee covering fuel, insurance, landing fees, navigation fees, and most operational costs.
• Global Crossing Airlines operates primarily within the United States, Europe, Canada, the Caribbean Islands, and Central and South America.
• The passenger aircraft fleet is based on the Airbus A320-200 family, starting with one leased A320 in 2021 and growing to sixteen aircraft by December 31, 2025, with plans to increase to twenty-one within the next 12 months.
• The cargo aircraft fleet is based on the Airbus A321 aircraft type, starting with one leased A321F in January 2023 and growing to four aircraft by December 31, 2025, with plans to maintain four aircraft for the next 12 months.
• The main operational base is Miami International Airport (MIA), with additional crew and operations at San Antonio International Airport (Texas), Alexandria International Airport (Louisiana), Mesa Gateway Airport (Arizona), and Valley International Airport (Texas).
• As of December 31, 2025, the company had approximately 661 full-time employees.
• The company holds an FAA Part 121 Air Carrier Certification, which involves a rigorous certification process ensuring compliance with safety regulations and standards.
• The airline industry is heavily regulated by the U.S. Department of Transportation (DOT) and the Federal Aviation Administration (FAA), covering economic authority, safety, consumer protection, and security.
• Global Crossing Airlines is subject to environmental regulations including greenhouse gas emissions standards such as ICAO's CORSIA program and EPA rules on aircraft emissions.
• The company has not paid any cash dividends on its common stock and retains cash to satisfy operational and other cash needs.
• As of September 30, 2026, the company reported cash and cash equivalents of $13.344 million and current assets of $26.714 million, with current liabilities of $97.252 million, resulting in a current ratio of 0.27 and a cash ratio of 0.14.
• The company reported net income of $238,000 for the quarter ended September 30, 2026, with basic and diluted earnings per share of $0.00.
• The number of shares outstanding as of November 3, 2026 was 69,772,815 shares, including common stock and Class A and B non-voting common stock.
• The company has a history of multiple name changes and corporate restructurings, including a business combination with Global Crossing Airlines, Inc. in 2020 and a change of incorporation jurisdiction to Delaware in 2020.