Global Crossing Airlines Group (Global Crossing Airlines Group) Operating Income : $-15.0 Mil (TTM As of Mar. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Global Crossing Airlines Group Operating Income?

Global Crossing Airlines Group's Operating Income for the three months ended in Mar. 2024 was $-4.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-15.0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Global Crossing Airlines Group's Operating Income for the three months ended in Mar. 2024 was $-4.6 Mil. Global Crossing Airlines Group's Revenue for the three months ended in Mar. 2024 was $53.8 Mil. Therefore, Global Crossing Airlines Group's Operating Margin % for the quarter that ended in Mar. 2024 was -8.58%.

Global Crossing Airlines Group's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Global Crossing Airlines Group's annualized ROC % for the quarter that ended in Mar. 2024 was -13.16%. Global Crossing Airlines Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -18.42%.

Global Crossing Airlines Group Operating Income Historical Data

The historical data trend for Global Crossing Airlines Group's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Global Crossing Airlines Group Operating Income Chart

Global Crossing Airlines Group Annual Data

Trend

Apr14

Apr15

Apr16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

Get a 7-Day Free Trial

-4.85

-2.65

-17.16

-11.24

-15.87

Global Crossing Airlines Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Operating Income	Get a 7-Day Free Trial															-5.53	-6.78	-2.33	-1.23	-4.62

Global Crossing Airlines Group Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-15.0 Mil.

Global Crossing Airlines Group (OTCPK:JETMF) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Global Crossing Airlines Group's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-18.476 * ( 1 - 0% )	/	( (128.817	+	152.018)	/ 2 )
=	-18.476	/	140.4175
=	-13.16 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	131.328	-	24.946	-	( 11.596	-	max(0, 53.027	-	30.592	+	11.596	))
=	128.817

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	150.463	-	29.647	-	( 8.3	-	max(0, 52.198	-	20.996	+	8.3	))
=	152.018

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Global Crossing Airlines Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-18.476	/	( ( (86.514 + max(-19.782, 0))	+	(114.083 + max(-25.031, 0)) )	/	2 )
=	-18.476	/	( ( 86.514	+	114.083 )	/	2 )
=	-18.476	/	100.2985
=	-18.42 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(10.181	+	0	+	8.815)	-	(24.946	+	13.831	+	0.0010000000000048)
=	-19.782

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5.574	+	0	+	7.122)	-	(29.647	+	8.08	+	7.105427357601E-15)
=	-25.031

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Global Crossing Airlines Group's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	-4.619	/	53.835
	=	-8.58 %

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Global Crossing Airlines Group Operating Income Related Terms

Thank you for viewing the detailed overview of Global Crossing Airlines Group's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Global Crossing Airlines Group (Global Crossing Airlines Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Global Crossing Airlines Group Inc (OTCPK:JETMF) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

JETBF:USA JET.B:Canada JET:Canada

Address

4200 NW 36th Street, Building 5A, Miami International Airport, Miami, FL, USA, 33166

Website

https://www.globalairlinesgroup.com

Global Crossing Airlines Group Inc is an airline operator for both narrow and widebody aircraft around the world, utilizing the efficiencies of an Airbus A320/321 fleet. The company operates wet lease and ACMI flights for airlines and charter operations for tour operators, professional and college teams, and other groups.

Executives

Deborah Wallis Robinson	director	4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166
Ryan Goepel	director, officer: Chief Financial Officer	2333 PONCE DE LEON BLVD., SUITE 630, CORAL GABLES FL 33134
Axar Capital Management L.p.	director, 10 percent owner	402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014
Axar Gp, Llc	director, 10 percent owner	C/O AXAR CAPITAL MANAGEMENT, LP, 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014
Andrew Axelrod	director, 10 percent owner	C/O AXAR CAPITAL MANAGEMENT, LP, 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014
Joseph Jr. Dagrosa	director, 10 percent owner	311 SOUTH WACKER DRIVE, SUITE 6400, CHICAGO IL 60606
John Quelch	director	C/O INVERNESS MEDICAL INNOVATIONS INC, 51 SAWYER RD, WALTHAM MA 02453
Edward J Wegel	director, 10 percent owner, officer: Chief Executive Officer	1 GORHAM ISLAND, WESTPORT CT 06880
Mcartor Trusten Allan	director	200 FALCON RIDGE ROAD, GREAT FALLS VA 22066
Harrington Cordia	director	2975 ARMORY DRIVE, NASHVILLE TN 37204
William Shuster	director	4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166
Ronald Bevans	10 percent owner	4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166
Alan Geoffrey Bird	director	4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166
Juan Pablo Nunez	officer: Chief Operating Officer	4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166
David Griffith Ross	director	4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166