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5/7/2026
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Good morning, ladies and gentlemen. Thank you for standing by. Welcome to today's conference call to discuss Global Crossing Airlines financial results for the first quarter of 2026. At this time, all participants are in listen-only mode. As a reminder, this conference is being recorded. Joining us on the call today are the company's Executive Chairman, Chris Jamras, President and CFO, Ryan Gopal, SVP Corporate Controller, Wendy Shapiro, and Investor Relations Advisor, Aaron D'Souza. Please be advised this conference call will contain statements that are considered forward-looking statements under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain known and then known risks and uncertainties, as well as assumptions that could cause actual results to be firm materially, from those reflected in these forward-looking statements. These forward-looking statements are also subject to other risks and uncertainties that are described from time to time in the company's filings with the SEC. Do not place in due reliance in any forward-looking statements which are being made only as of the date of the call. Except as required by law, the company undertakes no obligation to publicly update or revise any forward-looking statements. For important risks and assumptions associated with such forward-looking statements, please refer to the company's earnings pressure release for the first quarter of 2026 and the company's annual report on Form 10-K for the year ended December 31st, 2025. The company's presentation also includes certain non-GAAP financial measures, including EBITDA and EBITDAR, as supplemental measures of performance of the business. All NAND drop measures have been reconciled to the most direct comparable gap measures in accordance with SEC rules. You will find reconciliation tables and other important information in the earnings press release for the first quarter of 2026, which is currently available on the company's investor relations section of its website. And now I will turn the call over to the executive chairman, Chris Jamras. Chris, please go ahead.
Thank you, operator, and good morning, everyone. Global X delivered a strong start to 2026 with meaningful year-over-year improvements across key financial metrics. We generated 15% revenue growth, materially increased net income, and expanded EBITDA by 17%, all while operating with fewer net aircraft than a year ago. That is an important point. These results were not driven by simply adding capacity, quite the opposite actually, but by significantly improving the productivity and efficiency of the platform. Our first quarter results demonstrated the operating leverage of this business. We increased utilization, expanded block hours, and continue to allocate aircraft to the highest return opportunities across our network. Combined with our ACMI model, where few on-demand risks are passed through, we solely focus on execution, reliability, and maximizing the profitability of each aircraft we operate. That operating model continues to differentiate Global X from traditional airlines and enables us to scale with greater predictability and lower risk. The platform we have built today is fundamentally different from what we were even a year ago. It is more disciplined, more scalable, and increasingly resilient. We have proven that we can drive growth to enhance utilization, stronger revenue quality, and more efficient deployment of capital, not simply through fleet expansion, as that is yet to come. That evolution is what is driving improved operating leverage across the business. At the same time, we are focused on disciplined and concerted growth strategy. We added aircraft and we have additional capacity coming online, but every decision we make is grounded in long-term profitability and return on capital. We are building a business designed to generate consistent earnings and long-term shareholder value. Looking ahead, Demand across our core passenger markets remains strong. Our customer relationships continue to deepen, and our team is executing with greater consistency across the organization. We continue to see strong forward bookings to sustain demand across our key customer segments. The momentum we are seeing today reinforces our conviction in the model, and we remain firmly on track toward our long-term objective of becoming the largest and most reliable narrow-body charter airline in North America. With that, I will hand the call over to our President CFO, Ryan Gopal, to discuss our first quarter operation highlights in greater detail. Ryan?
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