Global Crossing Airlines Group (OTCMKTS:JETMF) Issues Earnings Results, Misses Expectations By $0.05 EPS

Global Crossing Airlines Group (OTCMKTS:JETMF) posted its quarterly earnings results on Wednesday. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.05), Zacks reports.

Global Crossing Airlines Group Price Performance

Shares of OTCMKTS JETMF traded up $0.03 during mid-day trading on Wednesday, reaching $0.62. 902 shares of the company’s stock traded hands, compared to its average volume of 67,641. The business has a 50-day simple moving average of $0.65 and a 200 day simple moving average of $0.62. The stock has a market cap of $41.43 million, a P/E ratio of -62.00 and a beta of 1.00. Global Crossing Airlines Group has a 1-year low of $0.38 and a 1-year high of $0.87.

Wall Street Analyst Weigh In

JETMF has been the subject of a number of research reports. Litchfield Hills Research assumed coverage on Global Crossing Airlines Group in a research note on Monday, June 22nd. They issued a “buy” rating for the company. 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 given a Hold rating to the stock. According to MarketBeat, the stock presently 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.