Global Crossing Airlines Group, Inc. · NEO:JET
Global Crossing Airlines — Q2 2025 Earnings Presentation
24 slides from Global Crossing Airlines's earnings presentation, Aug 15, 2025
Slide 1: The Nation's Fastest Growing Charter Airline
The Nation’s Fastest Growing Charter Airline August 2025 | OTCQB: JETMF, Cboe CA: JET, Cboe CA: JET.B TM
Slide 2: Disclaimer
Disclaimer This presentation was prepared by Global Crossing Airlines Group Inc. (the “Company” or “GlobalX”) as a general presentation aimed solely at providing information about the Company, its operations and financial results. You should not rely upon it or use it to form the definitive basis fo
Slide 3: GlobalX is The Nation's Fastest Growing Charter Airline
GlobalX is The Nation’s Fastest Growing Charter Airline™ – setting the industry standard for on-time performance and reliability. Since our inception, we have consistently proven the strength of our charter platform, the resilience of our business model, the ability to grow demand in the narrowbody
Slide 4: GlobalX Milestones
GlobalX Milestones OTCQB: JETMF, Cboe CA: JET, Cboe CA: JET.B 4 Company Overview
Slide 5: Industry Overview
Market Size/Data Fastest growing charter carrier in the nation, with long-term upside potential within a growing $10B Market *Source: IBISWorld **Source: www.gmiinsights.com Industry Overview 5
Slide 6: Our Place in the Industry
Our Place in the Industry Ticket Risk Loss incurred by vacant seats 1 passenger as profitable as 150 Fuel Costs Exposed to variable fuel prices Costs pass through to the passenger Crew Costs Exposed to ticket risk Costs pass through to the passenger Billing No compensation for delays Passenger pays
Slide 7: ACMI Business vs All-In Charter Business
ACMI (Aircraft, Crew, Maintenance, and Insurance) Business vs All - In Charter Business ACMI Business Charter Business GlobalX Provides Outsourced Cargo and Passenger Aircraft, Crew, Maintenance and Insurance. Customer assume Fuel, Demand and Price Risk and are typically responsible for Landing, Air
Slide 8: Rapid Growth of Air Fleet
22 Rapid Growth of Air Fleet 2021 2022 2023 2024 14 19 1 8 2025 $14.3M $97.3M $160.1M Revenue 124% 3-Year CAGR Growth & Value Creation 8 $223.8M Targeted Fleet Expansion By End of 2025
Slide 9: Geographically dispersed operating bases
Geographically dispersed operating bases, driven by anchor client contracts, allow us to operate a more cost effective, flexible, and reactive operation. The optimal distance for winning charter business is to quote aircraft repositioning within 3.0 hours from the starting and ending airport of each
Slide 10: Where We Fly
Where We Fly Since 2021, we have operated flights to 66 countries and 404 cities. Countries Visited Our Operations 10
Slide 11: Financials
Financials OTCQB: JETMF, Cboe CA: JET, Cboe CA: JET.B 1
Slide 12: Q2 2025 Results
Q2 2025 Results Q2 Revenue up 7% to $61.4M with EBITDAR* up 6% to 13.4M $61.4M Revenue (USD) $19.8M EBITDAR* (USD) 19 Aircraft Fleet Size $14.1M Cash & Restricted Cash 424 Aircraft Utilization (Block Hours per Aircraft) 8,065 2024 Block Hours *Earnings Before Interest, Taxes, Depreciation, Amortizat
Slide 13: Q1 2025 KPIs
Q1 2025 KPIs 13 Refer to “Non-GAAP Financial Measures” Slide for additional information. EBITDAR $ millions Block Hours Per Aircraft $ thousands Block hours per aircraft 363 404 439 410 384 424
Slide 14: Quarterly Block Hours & Revenue
Quarterly Block Hours & Revenue Appendix Block Hours* Revenue
Slide 15: Growth & Value Creation
Expanding fleet by ~ 20% by end of 2025 Driving improved utilization through emphasizing high margin ACMI business Currently have 8 aircraft operating on government related contracts since April 2024 — Provides consistent, predictable and reliable foundation of revenue Uniquely positioned for narrow
Slide 16: Investment Highlights
Investment Highlights The Nation’s Fastest Growing Charter AirlineTM Strong financial profile and balance sheet provides runway for growth and transition to cash flow positive Consistent Results - 4 of the last 5 quarters, since the change in management, have delivered positive EBITDA. The 6-month p
Slide 17: Capitalization Table
Capitalization Table Common 49,173,719 Class A 5,537,313 Class B 9,776,423 Total Outstanding Shares 64,487,455 STRIKE EXPIRY Warrants 7,537,313 $ 1.50 29-Apr-26 Warrants 10,195,451 $ 1.00 30-Jun-30 RSU's 7,852,429 - - Fully Diluted Outstanding Shares 89,314,360 Appendix 17 As of August 8, 2025
Slide 18: Thank you!
Thank you! Corporate Office Global Crossing Airlines Group 4200 NW 36th Street, Building 5A Miami International Airport Miami, FL (786) 751-85500 Investor Relations Contact Sean Mansouri, CFA | Aaron D’Souza jet@elevate-ir.com (720) 330-2829 18
Slide 19: Appendix
Appendix OTCQB: JETMF, Cboe CA: JET, Cboe CA: JET.B 19
Slide 20: Our Leadership Team
Chris Jamroz Executive Chairman Our Leadership Team Company Overview 20 OTCQB: JETMF, Cboe CA: JET, Cboe CA: JET.B The architect and operator behind some of the most successful transformations in logistics. With eight prior successful exits and nearly $10 billion in shareholder value created for fin
Slide 21: Leadership Team
Mr. Goepel is a seasoned finance and operations executive with over 25 years of experience, specializing in leadership roles across a variety of industries, including LCC (Low-Cost Carrier), ACMI (Aircraft, Crew, Maintenance, and Insurance), and narrowbody charter airline operations. His career incl
Slide 22: Leadership Team
Over 30 years of global leadership experience with a focus on people, talent, and succession strategies across consumer goods, education, technology, and airlines Chief People Officer for JetBlue Airlines Chief Human Resources Officer for Spirit Airlines Advisory Board Member for Primate Technologie
Slide 23: World Class Board of Directors
Former SVP - FedEx Former Administrator FAA Former Chairman, Airbus Group (North America) World Class Board of Directors Andrew Axelrod Alan Bird T.Allan McArtor Cordia Harrington Deb Robinson Board member – Via Rail Canada President/Founder – Bay Street HR, outsourced human resource services to sta
Slide 24: Balance Sheet
December 31, 2024 March 31, 2025 June 30, 2025 (Unaudited) (Unaudited) Current Assets Cash and cash equivalents $ 12,345 $ 7,289 $ 13,449 Restricted cash 1,698 2,934 634 Accounts receivable, net of allowance 6,678 8,893 6,560 Prepaid expenses and other current assets 2,142 2,284 3,526 Current assets
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