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Global Crossing Airlines Q2 Investor Update
Global Crossing Airlines Second Quarter Webinar Recording Now Available
With the financial tank full on the heels of a recent $35 million injection, a first half that saw revenues jump to $63.6 million compared to $33.8 million in 2022, GlobalX management is exuding confidence as it also bumped its base 2023 revenue forecast to $150 million. All amounts are USD.
The Miami headquartered charter and cargo airline already has 75% of its 2023 revenue forecast contracted according to CEO Ed Wegel and CFO Ryan Goepel.
The company is currently expecting its 10th passenger aircraft to be delivered this month followed by two more in Q4 plus one cargo freighter in Q3 and three more in Q4.
CFO Ryan Goepel also stated during the webinar that GlobalX is looking at a profitable Q3 (September 30).
The Howard Group (HG) is not a registered investment advisor and as such, individuals should consult a registered investment advisor prior to making any investment decisions. The information presented was obtained from sources believed to be reliable but is not guaranteed, is not all conclusive and should not be relied upon as the sole source of information/opinion for making an investment decision. The Howard Group receives remuneration for Capital Market Communication activities and HG or its employees may own securities in client companies.