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Global Crossing Airlines Group (Global Crossing Airlines Group) Operating Margin % : -2.28% (As of Dec. 2023)


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What is Global Crossing Airlines Group Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Global Crossing Airlines Group's Operating Income for the three months ended in Dec. 2023 was $-1.2 Mil. Global Crossing Airlines Group's Revenue for the three months ended in Dec. 2023 was $53.9 Mil. Therefore, Global Crossing Airlines Group's Operating Margin % for the quarter that ended in Dec. 2023 was -2.28%.

The historical rank and industry rank for Global Crossing Airlines Group's Operating Margin % or its related term are showing as below:

JETMF' s Operating Margin % Range Over the Past 10 Years
Min: -120.07   Med: -11.57   Max: -9.91
Current: -9.91


JETMF's Operating Margin % is ranked worse than
92.89% of 970 companies
in the Transportation industry
Industry Median: 7.535 vs JETMF: -9.91

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

Global Crossing Airlines Group's Operating Income for the three months ended in Dec. 2023 was $-1.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-15.9 Mil.

Warning Sign:

Global Crossing Airlines Group Inc had lost money in 92% of the time over the past 12quarters.


Global Crossing Airlines Group Operating Margin % Historical Data

The historical data trend for Global Crossing Airlines Group's Operating Margin % 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 Margin % Chart

Global Crossing Airlines Group Annual Data
Trend Apr14 Apr15 Apr16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - -120.07 -11.57 -9.91

Global Crossing Airlines Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.27 -17.20 -21.53 -5.47 -2.28

Competitive Comparison of Global Crossing Airlines Group's Operating Margin %

For the Airlines subindustry, Global Crossing Airlines Group's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Global Crossing Airlines Group's Operating Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Global Crossing Airlines Group's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Global Crossing Airlines Group's Operating Margin % falls into.



Global Crossing Airlines Group Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Global Crossing Airlines Group's Operating Margin % for the fiscal year that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=-15.867 / 160.122
=-9.91 %

Global Crossing Airlines Group's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=-1.231 / 53.919
=-2.28 %

* 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.


Global Crossing Airlines Group  (OTCPK:JETMF) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

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 (Diluted) 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 Margin % Related Terms

Thank you for viewing the detailed overview of Global Crossing Airlines Group's Operating Margin % 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

Traded in Other Exchanges
Address
4200 NW 36th Street, Building 5A, Miami International Airport, Miami, FL, USA, 33166
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

Global Crossing Airlines Group (Global Crossing Airlines Group) Headlines

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