Global Crossing Airlines (JETMF) Operating Expenses (2021 - 2026)
Global Crossing Airlines' (JETMF) quarterly Operating Expenses came in at $60.6 million in Q2 2026, up 4.38% year-over-year from $58.1 million in Q2 2025, and down 13.93% quarter-over-quarter from $70.5 million in Q1 2026.
Analysis
Global Crossing Airlines (JETMF) Operating Expenses (2021 - 2026) Analysis & Trends
Global Crossing Airlines (JETMF) has reported Operating Expenses for 6 consecutive years, with $60.6 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 4.38% year-over-year to $60.6 million in Q2 2026; TTM through Jun 2026 was $247.0 million, a 5.98% increase from a year earlier, with the FY2025 full-year figure at $237.4 million, up 5.59% from the prior year.
- Operating Expenses was $60.6 million for Q2 2026 at Global Crossing Airlines, down from $70.5 million in the prior quarter.
- Over five years, Operating Expenses peaked at $70.5 million in Q1 2026 and troughed at $21.1 million in Q1 2022.
- A 5-year average of $48.8 million and a median of $55.1 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 625.91% in 2022 and increased 2.41% in 2024, its largest moves.
- Over 5 years, Operating Expenses stood at $33.2 million in 2022, then surged by 65.94% to $55.2 million in 2023, then advanced by 2.41% to $56.5 million in 2024, then grew by 4.21% to $58.9 million in 2025, then gained by 3.04% to $60.6 million in 2026.
- The last three Operating Expenses figures came in at $60.6 million (Q2 2026), $70.5 million (Q1 2026), and $58.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 51.79 Bn | 47.12 Bn | 19.07 Bn | 17.89 Bn |
| 2 | Ryanair Holdings | 28.72 Bn | 24.79 Bn | - | 4.43 Bn |
| 3 | Southwest Airlines | 19.00 Bn | 15.21 Bn | 7.33 Bn | 8.15 Bn |
| 4 | Copa Holdings | 5.37 Bn | 4.11 Bn | 1.03 Bn | 967.68 Mn |
| 5 | Alaska Air | 4.55 Bn | 1.88 Bn | 3.76 Bn | 4.23 Bn |
| 6 | Skywest | 3.76 Bn | 3.16 Bn | 1.01 Bn | 946.92 Mn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.27 Bn | 1.24 Bn | - | 1.41 Bn |
| 8 | Allegiant Travel | 1.74 Bn | 689.68 Mn | 902.77 Mn | 922.38 Mn |
| 9 | Jetblue Airways | 1.70 Bn | -322.81 Mn | 2.32 Bn | 2.84 Bn |
| 10 | Global Crossing Airlines | 40.13 Mn | 28.25 Mn | - | 60.65 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 60.65 Mn |
| Mar 31, 2026 | 70.46 Mn |
| Dec 31, 2025 | 58.86 Mn |
| Sep 30, 2025 | 56.99 Mn |
| Jun 30, 2025 | 58.10 Mn |
| Mar 31, 2025 | 63.49 Mn |
| Dec 31, 2024 | 56.48 Mn |
| Sep 30, 2024 | 54.94 Mn |
| Jun 30, 2024 | 55.00 Mn |
| Mar 31, 2024 | 58.45 Mn |
| Dec 31, 2023 | 55.15 Mn |
| Sep 30, 2023 | 44.91 Mn |
| Jun 30, 2023 | 38.25 Mn |
| Mar 31, 2023 | 37.68 Mn |
| Dec 31, 2022 | 33.24 Mn |
| Sep 30, 2022 | 29.99 Mn |
| Jun 30, 2022 | 23.97 Mn |
| Mar 31, 2022 | 21.14 Mn |
| Dec 31, 2021 | 15.40 Mn |
| Sep 30, 2021 | 8.38 Mn |