Global Crossing Airlines Reports Record Block Hours and Confirms Earning Release Date

MIAMI, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (the “Company” or “GlobalX”) is pleased to provide an update on block hours flown and announce its earnings release date for Q2 results.

“GlobalX flew a record of 3,585 revenue block hours in Q2 2023 versus 2,108 in Q2 2022, a 70% increase with net available aircraft* of 7.8, up from 5.9 net available aircraft in Q2 2022. This represents a 27% increase in the number of hours flown per available aircraft in the quarter. Looking forward to Q3, in July alone, GlobalX flew over 2,500 block hours with 11 net available aircraft*” said Ed Wegel, Chairman and CEO.

The Company will discuss this and the rest of their results on Wednesday August 9^th. GlobalX intends to release Q2 2023 results before the market opens on Wednesday, August 9^th and will be hosting a Zoom webinar to provide a business update and discuss the Q2 2023 results the same day.

When: August 9th, 2023 1:00 PM Eastern Time (US and Canada)
Topic: Global Crossing Airlines – Q2 2023 Earnings Release & Management Update

Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_EyGijbQ9TcK0ycAng_UvKQ#/re ...

* Net available Aircraft – number of available aircraft for revenue flights per month (i.e. factoring in mid month deliveries, unscheduled and scheduled maintenance).

About Global Crossing Airlines
GlobalX is a US 121 domestic flag and supplemental airline flying the Airbus A320 family aircraft. GlobalX flies as a passenger ACMI and charter airline serving the US, Caribbean, European and Latin American markets. GlobalX is also now operating ACMI cargo service flying the A321 freighter. For more information, please visit www.globalxair.com. 

For more information, please contact:

Ryan Goepel, Chief Financial Officer
Email: [e-mail]
Tel: [phone]

Cautionary Note Regarding Forward-Looking Information

This news release contains certain “forward looking statements” and “forward-looking information”, as defined under applicable United States and Canadian securities laws, concerning anticipated developments and events that may occur in the future. Forward-looking statements contained in this news release include, but are not limited to, statements with respect to the Company’s aircraft fleet size, the destinations that the Company intends to service, the delivery and entry into service timelines for future aircraft, the Company’s growth plans, and timeline for release of financial results.