GlobalX swings to profit in second quarter

Global Crossing Airlines (GlobalX) clinched a net income of $0.3 million in the second quarter of the year, swinging from its net loss in last year’s equivalent quarter of $7.5 million. The airline’s revenues increased 83% to $57.5 million, primarily driven by high block hours flown and its aircraft fleet expansion. In the first half of the year, the company took delivery of three additional aircraft consisting of two A320 passenger aircraft and one A321 freighter cargo aircraft. “In the second quarter, we delivered another period of double-digit revenue growth while further improving our operating efficiencies, enabling us to achieve