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Global Crossing Airlines Group Inc. ( GlobalX or the Company ) operates a US Part 121 domestic flag and supplemental airline using the Airbus A320 family of aircraft ( A320 ). GlobalX s business model is to (1) provide services on an Aircraft, Crew, Maintenance and Insurance ( ACMI ) basis using wet lease contracts to airlines whereby we provide aircraft, crew, maintenance and insurance to cust…
Operating margin is thin at 3.61%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue up 10.1% YoY with margins expanding 4.1pp.
Net debt of $111M represents 6.7x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$256M
▲ +10.1% YoY
Net Income (TTM)
-$886K
▲ +73.4% YoY
Op. Margin
4.64%
▲ +4.1pp YoY
ROIC
9.88%
▲ +8.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$24M
▲ +1833.4% YoY
Op. Cash Flow (TTM)
$37M
▲ +248.1% YoY
Net Debt
$111M
Cash & Equiv.
$17M
3Y CAGR: +36.4%
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