Global Crossing Airlines Group (OTCMKTS:JETMF) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Global Crossing Airlines Group (OTCMKTS:JETMF) announced its quarterly earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02), Zacks reports. The company had revenue of $62.02 million during the quarter, compared to analysts’ expectations of $67.11 million.

Global Crossing Airlines Group Stock Performance

JETMF stock traded up $0.02 during trading on Thursday, reaching $0.61. The company had a trading volume of 163 shares, compared to its average volume of 67,641. Global Crossing Airlines Group has a twelve month low of $0.38 and a twelve month high of $0.87. The company has a market cap of $40.91 million, a price-to-earnings ratio of -61.23 and a beta of 1.00. The firm has a 50-day simple moving average of $0.64 and a 200-day simple moving average of $0.62.

Wall Street Analysts Forecast Growth

Several research firms have commented on JETMF. Litchfield Hills Research started coverage on Global Crossing Airlines Group in a report on Monday, June 22nd. They set a “buy” rating on the stock. Zacks Research raised Global Crossing Airlines Group to a “hold” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock 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.