Glb Crossing Airlines Gr Stock (OTC: JETBF)

Latest news for Glb Crossing Airlines Gr (OTC:JETBF) Stock

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.

News

Penny Stocks

Global

Markets

Trading Ideas

JETBF

Unspecified problems with two used aircraft that recently were converted by Boeing to carry cargo have forced Alaska Airlines to open a new freighter service to Los Angeles with smaller Boeing 737-700s from its existing fleet. 

The service is designed to streamline Alaska&#39;s supply chain since many of the groceries, household goods and medicine shipped into the state come 

Boeing Quality Issue Delays Alaska Airlines&#39; Converted Freighters

Small Cap

ATSG

Global Crossing Airlines (OTC: JETBF), a hybrid passenger-cargo charter airline based in Miami, on Thursday was the first commercial airline to fly into Haiti since warring gangs closed the main airport in Port-au-Prince in early March. The Airbus A321 converted cargo jet carried U.S.

GlobalX Airlines Delivers Haiti Relief Supplies After Airport Reopens

GLOBAL CROSSING AIR B by Global Crossing Airlines Group Inc.

Global Crossing Airlines Group Inc

<p>A popular cryptocurrency analyst expressed concerns over <strong>Ethereum&#8217;s</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) underwhelming performance and assessed its future prospects on Monday.</p>
<p><strong>What Happened:</strong>&nbsp;In a series of X posts, <strong>Ali Martinez</strong>, known for identifying chart patterns and issuing price predictions, called Ethereum one of the &#8220;weakest&#8221; performers in the cryptocurrency market in recent days.</p>
<p>The concerns were not unfounded. The second-largest cryptocurrency has dropped about 2.5% in value since 2025 began, as opposed to the gains accumulated by other large-cap coins like <strong>Bitcoin </strong>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), <strong>Solana </strong>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), and <strong>XRP</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>).</p>
<p>Martinez noted that Ethereum&#8217;s network adoption has slowed down considerably, with the number of new ETH addresses declining by 9.32% over the past week. </p>
<p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><br />
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> has been one of the weakest performers lately, and even <a href="https://twitter.com/VitalikButerin?ref_src=twsrc%5Etfw">@VitalikButerin</a> has decided to shake things up by changing the <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> Foundation&#39;s leadership team.<br /><br />But is it time to give up on <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw">#ETH</a>? Let's take a closer look &#x1f447;&#x1f9f5;</p>
<p>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1881338324696330747?ref_src=twsrc%5Etfw">January 20, 2025</a></p></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<p></p></figure></p>
<p>The analyst also noted Ethereum&#8217;s historical tendency to perform well in the first quarter. On average, the second-largest cryptocurrency gains 82% in this period, <a href="https://www.coinglass.com/today">according </a>to data from Coinglass.</p>
<p>The historical success possibly justified large whale accumulations totaling over a billion in the last week, Martinez stated, citing on-chain data. Additionally, roughly $2 billion worth of ETH was withdrawn from cryptocurrency exchanges over the last month, suggesting significant buying demand.</p>
<p>For the sentiment to flip bullish, Martinez said that ETH must break crucial resistance levels, with the $3,360–$3,450 zone acting as a major barrier. </p>
<p>He also noted the formation of an inverse head and shoulders pattern, breaking from which could potentially send the coin to $7,000.</p>
<p>Note that the inverse head and shoulders pattern is a bullish reversal pattern, indicating exhaustion of a prolonged downturn.</p>
<p><strong>See Also</strong>:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/01/43087038/trump-names-uyeda-acting-sec-chair-as-crypto-regulations-get-set-for-a-makeover"><strong>Trump Names Uyeda Acting SEC Chair, Regulators Get Ready For Crypto Makeover</strong></a></p>
<p><strong>Why It Matters:</strong>&nbsp;Martinez&#8217;s observations coincided with&nbsp;<a href="https://www.benzinga.com/25/01/43088676/trump-backed-world-liberty-financial-bags-47-million-each-of-ethereum-wrapped-bitcoin-to-honor-the-new-president">World Liberty Financial&#8217;s acquisition</a>&nbsp;of $47 million worth of ETH. The President <strong>Donald Trump</strong>-backed cryptocurrency project now has total ETH holdings worth over $185 million, making it one of the largest holders of the cryptocurrency.</p>
<p>Meanwhile, Ethereum faltered amid a <a href="https://www.benzinga.com/25/01/43088034/bitcoin-ethereum-dogecoin-retrace-from-pre-inauguration-highs-as-trumps-address-disappoints-analyst-highlights-possibility-of-btc-consolidation-in-101k-106k-range">broader market slump</a> as President Trump made no mention of cryptocurrency in his inauguration address. </p>
<p>The snub might have come as unexpected for many cryptocurrency enthusiasts since various reports building up to the swearing-in anticipated <a href="https://www.benzinga.com/25/01/43047039/trump-planning-to-declare-cryptocurrency-as-national-priority-increase-engagement-with-industry-report">major cryptocurrency reforms</a> on Day 1 of Trump&#8217;s tenure.</p>
<p><strong>Price Action</strong>: At the time of writing, Ethereum was exchanging hands at $$3,251.53, down 4.56% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.</p>
<p><strong>Read Next:</strong><em>&nbsp;</em></p>
<ul>
<li><a href="https://www.benzinga.com/25/01/43086309/trumps-doge-committee-faces-lawsuit-over-alleged-federal-advisory-violations-and-lack-of-transparency"><strong>Trump&#8217;s DOGE Committee Faces Lawsuits Over Alleged Federal Advisory Violations, Lack Of Transparency</strong></a></li>
</ul>
<p><strong><em>Disclaimer:</em></strong><em>&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.</em><a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a></p>
<p><em>Image via Shutterstock</em></p>


Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$ETH

$SOL

$XRP

Ethereum's 'Weak' Momentum Disappoints Top Analyst, But He Doesn't Rule Out A Rally To $7,000: Here's Why

<ul>
<li>Streamlined organization and Provider Services segment to optimize resource allocation</li>
<li>Provider Services focus on Home Health/Hospice, Personal Care, Rehabilitation Services, and Care Management strategic priorities</li>
<li>Proceeds from the sale will be used to reduce debt resulting in accelerated deleveraging while also increasing capital availability</li>
<li>Divesture expected to increase Company Revenue and EBITDA Growth Rates and Cash Conversion, as well as Provider Services Revenue and EBITDA Growth Rates and Margin1</li>
</ul>


BTSG

Reported Monday, BrightSpring Sells Community Living Segment To Sevita, Initiates Streamlined Business Focus

<p>The Board of Directors has appointed Mr Robert Long, NOVONIX Chief Financial Officer, to serve as interim CEO, effective 24 January 2025, until a permanent CEO is appointed. Mr Long will work closely with the Board to ensure a smooth transition and maintain our momentum and focus on our key strategic goals.</p>


Nuveen California Dividend Advantage Municipal Fund 2

Reported Monday, NOVONIX's CEO Dr. Chris Burns To Step Down, CFO Robert Long Appointed Interim CEO

<p><figure class="table"><br />
<table>
<tbody>
<tr>
<td colspan="8" rowspan="1"><strong>Passenger Traffic, Cargo Volume and Aircraft Movements Highlights (2024 vs. 2023)</strong></td>
<td colspan="4" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"><strong>Statistics</strong></td>
<td colspan="1" rowspan="1"><strong>Dec'24</strong></td>
<td colspan="1" rowspan="1"><strong>Dec'23</strong></td>
<td colspan="1" rowspan="1"><strong>% Var.</strong></td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1"><strong>FY'24</strong></td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1"><strong>FY'23</strong></td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1"><strong>% Var.</strong></td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Domestic Passengers (thousands)</td>
<td colspan="1" rowspan="1">3,772</td>
<td colspan="1" rowspan="1">3,854</td>
<td colspan="1" rowspan="1">-2.1%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">40,996</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">45,679</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">-10.3%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">International Passengers (thousands)</td>
<td colspan="1" rowspan="1">2,554</td>
<td colspan="1" rowspan="1">2,293</td>
<td colspan="1" rowspan="1">11.4%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">30,758</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">28,362</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">8.4%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Transit Passengers (thousands)</td>
<td colspan="1" rowspan="1">639</td>
<td colspan="1" rowspan="1">600</td>
<td colspan="1" rowspan="1">6.4%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">7,227</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">7,106</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">1.7%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"><strong>Total Passengers (thousands)1</strong></td>
<td colspan="1" rowspan="1"><strong>6,965</strong></td>
<td colspan="1" rowspan="1"><strong>6,747</strong></td>
<td colspan="1" rowspan="1"><strong>3.2%</strong></td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1"><strong>78,981</strong></td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1"><strong>81,147</strong></td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1"><strong>-2.7%</strong></td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"><strong>Cargo Volume (thousand tons)</strong></td>
<td colspan="1" rowspan="1"><strong>39.5</strong></td>
<td colspan="1" rowspan="1"><strong>36.1</strong></td>
<td colspan="1" rowspan="1"><strong>9.3%</strong></td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1"><strong>398.0</strong></td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1"><strong>370.2</strong></td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1"><strong>7.5%</strong></td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"><strong>Total Aircraft Movements (thousands)</strong></td>
<td colspan="1" rowspan="1"><strong>73.3</strong></td>
<td colspan="1" rowspan="1"><strong>71.5</strong></td>
<td colspan="1" rowspan="1"><strong>2.5%</strong></td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1"><strong>823.7</strong></td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1"><strong>849.5</strong></td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1"><strong>-3.0%</strong></td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
</tbody>
</table>
<p></p></figure><figure class="table"><br />
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">1 Excluding Natal for comparison purposes, total passenger traffic was up 6.6% in December and down 0.4% for FY 2024.</td>
</tr>
</tbody>
</table>
<p></p></figure>
</p><p><strong>Passenger Traffic Overview</strong></p>
<p><strong>Total passenger traffic </strong>increased by 3.2% in December compared to the same month in 2023, or by 6.6% when adjusted for the discontinuation of operations at Natal Airport. Domestic passenger traffic decreased by 2.1% year-over-year but increased by 3.3% when excluding Natal. This growth was primarily driven by strong performance in Italy and a recovery in domestic traffic in Argentina. International traffic increased by 11.4%, mainly driven by growth in Argentina and Italy.</p>


CAAP

Reported Monday, Corporación América Airports S.A. Reported December 2024 Passenger Traffic: Total Passenger Traffic Down 3.2% YoY, Or Up 6.6% YoY Ex-Natal; International Passenger Traffic Up 11.4% YoY

<p>Headquartered in North Hollywood, California, Cryo-Mach is a specialized designer and manufacturer of mission-critical cryogenic centrifugal pumps, mechanical seals, and accessories. Cryo-Mach's products will expand Dover's participation in cryogenic applications, such as liquified oxygen, argon, and nitrogen, and allows further participation in the industrial gas and transportation markets. The acquisition also expands PSG's core portfolio with cryogenic centrifugal pump technology while further diversifying PSG within the cryogenic end market.</p>


Reported Monday, Dover Expands Cryogenic Capabilities With Acquisition Of Cryogenic Machinery Corp.

<p>The one-year VLA1553-321 data showed that a single-dose vaccination induced a high, sustained immune response in an immunogenicity subset of participants who were CHIKV negative at baseline, with a seroresponse rate of 98.3% (232 out of 236 participants) one year after vaccination (Day 360) compared to 99.1% (232 out of 234 participants) after six month3 (Day 180) and 98.8% (248 out of 251 participants) 28 days4,5 after vaccination. The results complement the long-term persistence data previously reported for adults6, confirming a strong and long-lasting antibody response to the vaccine.</p>


VALN

Reported Monday, Valneva Reports 98.3% Seroresponse One Year After Single Chikungunya Vaccine In Adolescents

CLRO

Reported Monday, ClearOne Launches Versa 120D For Hybrid Meeting Excellence With Dante And USB-C Integration

AAOI

Reported Monday, CIG USA Seeks Patent Review In Legal Battle With Applied Optoelectronic

VZLA

Reported Monday, Vizsla Silver Resumes Limited Operations At Panuco Silver-Gold Project

Reported Monday, Pyramid Consulting Teams Up With Dynatrace To Deliver Unified Observability And Automation Solutions

Reported Monday, Quantum-Si To Present Next-Generation Protein Sequencing At Festival Of Genomics UK

<p>Positive Reimbursement&nbsp;Recommendations&nbsp;by Canada's Drug Agency and Institut National d'excellence en Santé et Services Sociaux
</p><p>Positive Reimbursement&nbsp;Recommendations&nbsp;by Canada's Drug Agency and Institut National d'excellence en Santé et Services Sociaux</p>


Reported Monday, Takeda's FRUZAQLA (fruquintinib) Receives Health Canada Approval For Metastatic Colorectal Cancer

<h3>Companies Reporting Before The Bell</h3>
<p>• 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) is estimated to report quarterly earnings at $1.66 per share on revenue of $5.78 billion. </p>
<p>• United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $1.87 billion. </p>
<p>• Complete Solaria (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) is expected to report quarterly loss at $0.21 per share on revenue of $76.50 million. </p>
<p>• Old National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONB#NASDAQ">ONB</a>) is estimated to report quarterly earnings at $0.46 per share on revenue of $485.57 million. </p>
<p>• Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>) is projected to report quarterly earnings at $0.88 per share on revenue of $2.21 billion. </p>
<p>• FB Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBK#NYSE">FBK</a>) is estimated to report quarterly earnings at $0.83 per share on revenue of $131.14 million. </p>
<p>• KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) is projected to report quarterly earnings at $0.32 per share on revenue of $1.75 billion. </p>
<p>• Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) is projected to report quarterly earnings at $1.14 per share on revenue of $57.33 million. </p>
<p>• Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) is projected to report quarterly earnings at $1.38 per share on revenue of $1.94 billion. </p>
<p>• Guaranty Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNTY#NYSE">GNTY</a>) is expected to report quarterly earnings at $0.61 per share on revenue of $29.49 million. </p>
<p>• Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) is likely to report quarterly earnings at $0.89 per share on revenue of $5.13 billion. </p>
<p>• Peoples Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEBO#NASDAQ">PEBO</a>) is estimated to report quarterly earnings at $0.75 per share on revenue of $109.93 million. </p>
<p>• Forestar Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOR#NYSE">FOR</a>) is estimated to report quarterly earnings at $0.70 per share on revenue of $328.44 million. </p>
<p>• New Oriental Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) is expected to report quarterly earnings at $0.33 per share on revenue of $1.06 billion. </p>
<p>• Community Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBU#NYSE">CBU</a>) is projected to report quarterly earnings at $0.89 per share on revenue of $192.78 million. </p>
<p>• D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) is estimated to report quarterly earnings at $2.39 per share on revenue of $7.12 billion. </p>
<h3>Companies Reporting After The Bell</h3>
<p>• Zions Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) is estimated to report quarterly earnings at $1.26 per share on revenue of $787.50 million. </p>
<p>• United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) is expected to report quarterly earnings at $3.01 per share on revenue of $14.34 billion. </p>
<p>• SmartFinancial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMBK#NYSE">SMBK</a>) is projected to report quarterly earnings at $0.50 per share on revenue of $44.37 million. </p>
<p>• Simmons First Ntl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFNC#NASDAQ">SFNC</a>) is likely to report quarterly earnings at $0.35 per share on revenue of $208.67 million. </p>
<p>• Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) is likely to report quarterly earnings at $4.20 per share on revenue of $10.13 billion. </p>
<p>• Trustco Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRST#NASDAQ">TRST</a>) is likely to report earnings for its fourth quarter. </p>
<p>• Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) is likely to report quarterly earnings at $1.22 per share on revenue of $211.34 million. </p>
<p>• Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) is projected to report quarterly earnings at $1.82 per share on revenue of $1.37 billion. </p>
<p>• Hancock Whitney (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWC#NASDAQ">HWC</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $365.13 million. </p>
<p>• Pinnacle Finl Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) is expected to report quarterly earnings at $1.78 per share on revenue of $470.83 million. </p>
<p>• Agilysys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) is estimated to report quarterly earnings at $0.34 per share on revenue of $73.15 million. </p>
<p>• Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) is expected to report quarterly earnings at $1.87 per share on revenue of $2.32 billion. </p>
<p>• Pathward Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASH#NASDAQ">CASH</a>) is expected to report quarterly earnings at $1.24 per share on revenue of $171.35 million. </p>
<p>• Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) is projected to report quarterly earnings at $0.42 per share on revenue of $315.73 million. </p>
<p>• Great Southern Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSBC#NASDAQ">GSBC</a>) is expected to report quarterly earnings at $1.32 per share on revenue of $55.33 million. </p>
<p>• Wintrust Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTFC#NASDAQ">WTFC</a>) is projected to report quarterly earnings at $2.49 per share on revenue of $632.53 million. </p>
<p>• Capital One Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) is projected to report quarterly earnings at $2.71 per share on revenue of $10.21 billion. </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Earnings

AGYS

CASH

CSLR

New Oriental Education & Technology Group

FITB

FULT

GNTY

GSBC

IBKR

MBWM

NFLX

PEBO

PNFP

PRGS

SCHW

SFNC

SMBK

TRST

WTFC

ZION

Earnings Scheduled For January 21, 2025

UHAL

Reported Monday, U-Haul Adds Climate-Controlled Storage Units In Marietta With New Two-Story Facility

<p>Customers in the U.S. looking to purchase an electric vehicle can get a $7500 federal EV tax credit for several models including from <strong>Tesla Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), <strong>Ford Motor Co.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), and more. However, President <strong>Donald Trump</strong> on Monday said that his administration would consider ending tax credits, impacting the purchase price for eligible customers.</p>
<p><strong>Vehicles That Qualify:</strong> The various Tesla electric vehicles eligible for $7,500 include select trims of the Cybertruck, Model 3, Model X, and Model Y. Other brand vehicles that qualify include the Kia EV9 and selected trims of the F-150 Lightning truck.</p>
<p>The only Plug-in Hybrid that qualifies for the credit is the Chrysler Pacifica PHEV.</p>
<p>The list of vehicles that qualify for the tax credit right now is as follows:</p>
<ul>
<li>Acura ZDX</li>
<li>Cadillac Lyriq (Luxury and Sport Models)</li>
<li>Cadillac Optiq</li>
<li>Chevrolet Blazer EV (LT, RS, and SS Models)</li>
<li>Chevrolet Equinox EV (LT and RS Models)</li>
<li>Chevrolet Silverado EV (LT Model)</li>
<li>Ford F-150 Lightning (Flash, Lariat and XLT Trims)</li>
<li>Honda Prologue</li>
<li>Jeep Wagoneer S</li>
<li>Kia EV6</li>
<li>Kia EV9</li>
<li>Tesla Cybertruck (Single Motor and Dual Motor)</li>
<li>Tesla Model 3 (Long Range AWD, Long Range RWD, Performance variants)</li>
<li>Tesla Model X (AWD Variant)</li>
<li>Tesla Model Y (Long Range AWD, Long Range RWD, Performance variants)</li>
<li>Chrysler Pacifica PHEV</li>
</ul>
<p><strong>Trump&#8217;s Take On EV Tax Credits:</strong> In November, Reuters reported that <strong>Donald Trump</strong>‘s transition team plans to kill the $7,500 tax credit available on EV purchases. On Monday, after his inauguration, Trump himself said his administration would consider ending EV tax credits.</p>
<p>&#8220;The Republicans have a very small majority in the House, which could make it hard for the party to pass legislation of any kind,&#8221; The Future Fund Managing Partner <strong>Gary Black</strong> said about a possible repeal of the tax credit on Monday. &#8220;Another wild card is Elon Musk, with $TSLA accounting for nearly half of all EVs sold in the country. With Elon Musk close to the president, it is important to know how he will seek to shape changes to the tax credit. Other auto executives have also been lobbying Mr. Trump against a repeal of the credit. Among them is Ford's executive chairman, William C. Ford Jr., who recently spoke to the president-elect.&#8221;</p>
<p>However, Tesla CEO <strong>Elon Musk</strong>, a close Trump ally, has previously supported scrapping of the tax credit. </p>
<p>"In my view, we should end all government subsidies, including those for EVs, oil and gas," Musk said in November.</p>
<p>During Tesla&#8217;s second-quarter earnings in late July, Musk also said that the impact of the elimination of subsidies&nbsp;<a href="https://www.benzinga.com/news/24/07/39934750/trump-presidency-and-ira-cut-would-be-devastating-for-competitors-says-elon-musk-long-term-probably" target="_blank" rel="noreferrer noopener">would only be slight for Tesla</a>&nbsp;but devastating for its competitors. The elimination of EV subsidies would probably help Tesla in the long term, he added.</p>
<p>However, not all are in agreement. Tesla researcher <strong>Troy Teslike</strong> has previously said that the loss of tax credit will only make Tesla<a href="https://www.benzinga.com/24/12/42641207/researcher-says-cancelation-of-7500-ev-tax-credit-could-impact-teslas-deliveries-despite-ceo-elon-musk-claiming-otherwise" target="_blank" rel="noreferrer noopener">&nbsp;lose its market to gas cars</a>&nbsp;from luxury car brands.</p>
<p>Trump, on Monday also revoked a 2021 executive order signed by former President Joe Biden that sought to ensure that 50% of new vehicles sold in the U.S. by 2020 are electric.</p>
<p><em>Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a></em></p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/25/01/43080738/nhtsa-opens-probe-into-about-878000-gm-gas-vehicles-days-after-closing-investigation-into-its-cruise-avs" target="_blank" rel="noreferrer noopener">NHTSA Opens Probe Into Nearly 878,000 GM Vehicles Over Engine Failure Concerns Days After Closing Investigation Into Its Cruise AVs</a></strong></li>
</ul>
<p><em>Photo courtesy: Shutterstock</em></p>


Tech

TSLA

Here Are The EVs Which Could Lose $7,500 EV Tax Credit Under Trump Administration

<p>Amcon Distributing (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/DIT#AMEX">DIT</a>) reported quarterly earnings of $0.57 per share. This is a 67.98 percent decrease over earnings of $1.78 per share from the same period last year. The company reported $711.27 million in sales this quarter. This is a 10.28 percent increase over sales of $644.96 million the same period last year.</p>


Reported Monday, Amcon Distributing Q1 EPS $0.57 Down From $1.78 YoY, Sales $711.27M Up From $644.96M YoY

<ul>
<li>Significant portfolio expansion to include combat-proven autonomous airborne platforms in support of critical forward-looking national security mission needs</li>
<li>Expected to be immediately accretive to Revenue, Adjusted EBITDA and Free Cash Flow</li>
<li>Post-transaction, Redwire expects to have a strong balance sheet</li>
</ul>


Reported Sunday, Redwire To Acquire Edge Autonomy In $925M Deal, Transforming Into A Multi-Domain Space And Defense Leader

<p>Collaboration will bring bespoke content and never-before-seen show integrations</p>


Reported Sunday, BetMGM Secures Online Casino Rights For Fremantle's "Family Feud" And "The Price Is Right"

<p>Programming Already Restored for Two Million Viewers, Including NFL Playoff Games and Local News</p>


ATUS

NXST

Reported Saturday, Nexstar And Optimum Reach Agreement To Restore Programming For Two Million Customers

<p><a href="https://www.globenewswire.com/Tracker?data=ZJKetO8zE3erzqRGF_P7-sCgwYhySBueJMgNqynfM3aNltyVHIqgYbS_u8Uz3Nv7SKdETdCLI16Ppo7Wvc4v8A==">NANOBIOTIX</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBTX#NASDAQ">NBTX</a>), a late-clinical stage biotechnology company pioneering nanoparticle-based therapeutic approaches to expand treatment possibilities for patients with cancer and other major diseases, today announced that the first patient has been dosed in the CONVERGE study, a Phase 2 randomized controlled clinical trial evaluating potential first-in-class radioenhancer JNJ-1900 (NBTXR3) for the treatment of patients with Stage 3 unresectable non-small cell lung cancer receiving standard of care chemoradiation followed by consolidation durvalumab (<a href="https://www.globenewswire.com/Tracker?data=9AF1jPR-HWZ8jVuLKKF7MX10tUChZ_X2NGuXvAVUyFwhfw23CgjxX9aY63wN0Kdaec4QfEQsIuazNYZjxTvGX2JHp8IO-l0T8OXn7FrEKgkLxinTtGOoP8RlFCRY0HK-ieJqCKDibtD2Daq_RvrOBA==">NCT06667908</a>). CONVERGE is sponsored by Janssen Pharmaceutica NV, a Johnson &amp; Johnson Company, under a global license agreement.</p>


NBTX

Nanobiotix Begins Phase 2 Trial for Innovative Cancer Treatment in Stage 3 Lung Cancer

Global Crossing Airlines Group Inc. (JETMF) Q1 2024 Earnings Call Transcript

Global Crossing Airlines Group Inc. (JETMF) Q2 2024 Earnings Call Transcript

Global Crossing Airlines Group Inc. (JETMF) Q3 2024 Earnings Call Transcript

JETMF

Glb Crossing Airlines Gr

<div>Unspecified problems with two used aircraft that recently were converted by Boeing to carry cargo have forced Alaska Airlines to open a new freighter service to Los Angeles with smaller Boeing 737-700s from its existing fleet.&nbsp;</div>

<p>The service is designed to streamline Alaska&#39;s supply chain since many of the groceries, household goods and medicine shipped into the state come from Southern California. It is the first time Alaska Airlines&#39; freighters have flown beyond Alaska and Seattle.</p>

<p>Alaska Air Cargo officials in February said two Boeing 737-800 converted freighters leased from Babcock &amp; Brown Aircraft Management would be ready to enter service in mid-March, after painting and other remanufacturing details were completed. <strong>Boeing</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) partners KF Aerospace in British Columbia and Coopesa in Costa Rica used a Boeing design and materials to reconfigure the former passenger aircraft for cargo. Coopesa delivered its finished freighter to Alaska Airlines in November.</p>

<p>An SEC filing on Feb. 14 with 2023 results said Alaska Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) expects to add a second 737-800 freighter to its fleet in the first quarter.<br />
<script>
  window.googletag = window.googletag &#x7C;&#x7C; {cmd: []};
  googletag.cmd.push(function() {
    googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[300, 100], [320, 50], [728, 90], [468, 60]], 'div-gpt-ad-1709668545404-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads());
    googletag.pubads().enableSingleRequest();
    googletag.pubads().collapseEmptyDivs();
    googletag.enableServices();
  });
</script></p>

<div class="flex my-20 justify-center w-full overflow-hidden fw-ad-id-470282">
<p></p>

<div id="div-gpt-ad-1709668545404-0"><script>
    googletag.cmd.push(function() { googletag.display('div-gpt-ad-1709668545404-0'); });
  </script></div>
</div>

<p>Adam Drouhard, managing director for cargo, provided an update on March 28 in the company&#39;s online newsletter, in which he said the planes would enter service in the next few weeks. &quot;We are working closely with Boeing to ensure that our new 737-800 converted freighters will perform at the level required to serve our customers&quot; he wrote. </p>

<p>The timetable changed again on April 26. &quot;Both aircraft have required further conversion work before they can be put into service. We expect to have one in service in early May and the second early this summer&quot; a spokesperson said in a statement to FreightWaves. The representative declined to explain what caused the delay, but sending back a newly rebuilt plane is highly unusual.</p>

<p>Neither plane is operating. The new 737-800 freighters were supposed to inaugurate freighter operations beyond Seattle, Alaska Airlines&#39; home base, and Alaska. Instead, aircraft tracking site Flightradar24 shows Alaska Airlines began twice-weekly service between Seattle and Los Angeles International Airport last week with the 737-700 converted freighters it has operated for several years.&nbsp;</p>

<p>And Flightradar24 data further shows that the aircraft delivered in November actually flew for five days in early February to cities in Alaska and then to Seattle before ending up at the Southern California Logistics Airport in Victorville, where Boeing has a facility that performs specialized repairs, maintenance and modifications on Boeing aircraft. ComAv Technical Services, which performs heavy aircraft maintenance, inspections and modifications, is also an airport tenant.<script async src=""https://securepubads.g.doubleclick.net/tag/js/gpt.js""></script><br />
<script>
  window.googletag = window.googletag &#x7C;&#x7C; {cmd: []};
  googletag.cmd.push(function() {
    googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[468, 60], [728, 90], [300, 100], [320, 50]], 'div-gpt-ad-1665767472470-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads());
    googletag.pubads().enableSingleRequest();
    googletag.pubads().collapseEmptyDivs();
    googletag.enableServices();
  });
</script></p>

<div class="flex my-20 justify-center w-full overflow-hidden fw-ad-id-476434">
<p></p>

<div id="div-gpt-ad-1665767472470-0"><script>
    googletag.cmd.push(function() { googletag.display('div-gpt-ad-1665767472470-0'); });
  </script></div>
</div>

<p>The conversions were originally scheduled to be completed last year but were delayed by persistent supply chain problems and labor shortages plaguing the entire aftermarket freighter industry.</p>

<div class="wp-block-image"><img alt="" class="wp-image-508237" src="https://www.freightwaves.com/wp-content/uploads/2024/05/08/Alaska-Drouhard-1200x675.jpg" style="height:675px; width:1200px" />
<p><em>Adam Drouhard, managing director for cargo, at the AirCargo 2024 conference in Louisville, Ky., on Feb. 12, 2024. (Photo: Eric Kulisch/FreightWaves)</em></p>
</div>

<p>Boeing also declined to comment on the situation. KF Aerospace referred inquiries to Alaska Airlines.</p>

<p>Boeing has been under intense scrutiny for years because of production glitches and concerns over manufacturing quality with the 737 Max and 787 Dreamliner programs. The troubled planemaker has been working to rebuild public confidence since 346 people died when two Max 8 planes crashed in 2018 and 2019. The latest crisis occurred&nbsp; in January when a false door on a new 737 Max 9 operated by Alaska Airlines blew out in midflight. Investigators subsequently determined that contractor Spirit Aerosystems had used damaged rivets in the fuselage, requiring the door plug to be removed for repairs at Boeing&#39;s assembly plant in Renton, Washington. <strong>Spirit Aerosystems</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>) workers who conducted the repair failed to reinstall four bolts holding the door, according to the National Transportation Safety Board.</p>

<div class="flex my-20 justify-center w-full overflow-hidden fw-ad-id-470312">
<p><script>
  window.googletag = window.googletag &#x7C;&#x7C; {cmd: []};
  googletag.cmd.push(function() {
    googletag.defineSlot('/21776187881/fw-responsive-main_content-slot3', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767553440-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads());
    googletag.pubads().enableSingleRequest();
    googletag.pubads().collapseEmptyDivs();
    googletag.enableServices();
  });
</script></p>

<p></p>

<div id="div-gpt-ad-1665767553440-0"><script>
    googletag.cmd.push(function() { googletag.display('div-gpt-ad-1665767553440-0'); });
  </script></div>
</div>

<p><strong>Global Crossing Airlines</strong>&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/JETBF#OTC">JETBF</a>) recently disclosed that an Airbus A321 converted freighter it was operating had to be returned to the airframe overhaul firm that did the conversion to fix a cargo door that was not sealing properly.&nbsp;</p>

<h2 class="wp-block-heading" id="h-737-800-expands-cargo-opportunities"><strong>737-800 expands cargo opportunities</strong></h2>

<p>With their extended range and capacity, the newly retrofitted 737-800s will help Alaska Air Cargo improve delivery times, reliability and efficiency, while reducing the heavy workload of the 737-700s.&nbsp;</p>

<p>Each 737-800 freighter can carry 10,000 pounds more than a 737-700. The -800s have 40% more space than their predecessors because their configuration can hold more containers.&nbsp;</p>

<p>With five freighters in the fleet, Alaska Air Cargo will be better able to deliver medicine, household goods and fresh food to communities in Alaska, many of which have limited road access, while also moving seafood and other export commodities to cities across North America with passenger services that connect in Seattle and Los Angeles.&nbsp;</p>

<p>Drouhard said in a February interview that Alaska Airlines will have about 70% more capacity to serve the state of Alaska. A larger freighter fleet will enable Alaska Air Cargo to make more direct, dedicated flights to communities in Alaska. Bethel, Juneau and Sitka will be among the first communities to benefit from the bigger freighters and more frequent service, according to the company.<script async src="https://securepubads.g.doubleclick.net/tag/js/gpt.js"></script><br />
<script>
  window.googletag = window.googletag &#x7C;&#x7C; {cmd: []};
  googletag.cmd.push(function() {
    googletag.defineSlot('/21776187881/fw-responsive-main_content-slot4', [[300, 100], [320, 50], [728, 90], [468, 60]], 'div-gpt-ad-1709668086344-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads());
    googletag.pubads().enableSingleRequest();
    googletag.pubads().collapseEmptyDivs();
    googletag.enableServices();
  });
</script></p>

<div class="flex my-20 justify-center w-full overflow-hidden fw-ad-id-470314">
<p></p>

<div id="div-gpt-ad-1709668086344-0"><script>
    googletag.cmd.push(function() { googletag.display('div-gpt-ad-1709668086344-0'); });
  </script></div>
</div>

<p>Management previously said the new Los Angeles destination will initially be connected to Alaska through Seattle, with direct flights between Los Angeles International Airport and cities in Alaska starting in 2025. Alaska Airlines currently averages three daily departures from Seattle to Alaska.</p>

<p>Alaska Airlines has been moving more retail goods and perishable products from Southern California to Alaska during the past year, and the northbound freighters are timed to provide same-day or next-day service to stations across the state, it said in the latest edition of its &quot;Cargo Connections&quot; blog. Southbound flights from Alaska give shippers more options to move salmon from Bristol Bay, geoduck clams from Ketchikan and halibut from Yakutat to the Los Angeles metropolitan area.&nbsp;</p>

<p>Seattle and Los Angeles are both hubs for the aerospace, biotechnology and other industries. The ability of the 737-800s to carry larger, palletized parts and bulky machinery creates the opportunity for new overnight service between the cities with time-critical shipments. Alaska Air Cargo said it has expanded its LAX warehouse hours, now open around the clock, to expedite drop-offs and pickups for overnight shipments.</p>

<p>The new freighters must be certified for flying long distances over open water for new nonstop routes such as King Salmon, Alaska, to Seattle.&nbsp;</p>

<p>Cargo revenue at Alaska Airlines was $128 million in 2023, $5 million less than the prior year. A more detailed representation of the company&#39;s first-quarter earnings posted on Friday showed $28 million in cargo revenues, $1 million less than the same period last year.&nbsp;</p>

<p>Cargo represents 3% of total airline revenue at Alaska Airlines, down from 4% in 2021.</p>

<div class="flex my-20 justify-center w-full overflow-hidden fw-ad-id-470315">
<p><script>
  window.googletag = window.googletag &#x7C;&#x7C; {cmd: []};
  googletag.cmd.push(function() {
    googletag.defineSlot('/21776187881/fw-responsive-main_content-slot5', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767778941-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads());
    googletag.pubads().enableSingleRequest();
    googletag.pubads().collapseEmptyDivs();
    googletag.enableServices();
  });
</script></p>

<p></p>

<div id="div-gpt-ad-1665767778941-0"><script>
    googletag.cmd.push(function() { googletag.display('div-gpt-ad-1665767778941-0'); });
  </script></div>
</div>

<p>The post <a href="https://www.freightwaves.com/news/boeing-quality-issue-delays-alaska-airlines-converted-freighters" rel="nofollow">Boeing quality issue delays Alaska Airlines&#39; converted freighters</a> appeared first on <a href="https://www.freightwaves.com" rel="nofollow">FreightWaves</a>.</p>

Boeing Quality Issue Delays Alaska Airlines' Converted Freighters

<div><strong>Global Crossing Airlines</strong> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/JETBF#OTC">JETBF</a>), a hybrid passenger-cargo charter airline based in Miami, on Thursday was the first commercial airline to fly into Haiti since warring gangs closed the main airport in Port-au-Prince in early March. The Airbus A321 converted cargo jet carried U.S. State Department humanitarian aid for the ravaged country.&nbsp;</div>

<p>Coordinated gang attacks on institutions and residents have paralyzed the Caribbean nation since late February, worsening difficult living conditions and creating tens of thousands of refugees from the capital. Aid agencies are warning of potential famine. A new transitional governing council took office Thursday after Prime Minister Ariel Henry, who was out of the country when the attacks started, resigned.&nbsp;</p>

<p>The Global Crossing (GlobalX) flight, which carried material and equipment for the local police force, was operated on behalf of the State Department and coordinated by U.S. Southern Command, which also brought in a C-130 Air Force plane with 20 pallets of oral rehydration fluid, the Miami Herald reported.</p>

<p>The startup airline also completed more than 50 passenger evacuation flights out of Cape Haitian earlier in the crisis. It was one of the first carriers to deliver relief supplies to Israel last October in the wake of the Hamas terrorist attack.&nbsp;<script async src="https://securepubads.g.doubleclick.net/tag/js/gpt.js"></script><br />
<script>
  window.googletag = window.googletag &#x7C;&#x7C; {cmd: []};
  googletag.cmd.push(function() {
    googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[300, 100], [320, 50], [728, 90], [468, 60]], 'div-gpt-ad-1709668545404-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads());
    googletag.pubads().enableSingleRequest();
    googletag.pubads().collapseEmptyDivs();
    googletag.enableServices();
  });
</script></p>

<div class="flex my-20 justify-center w-full overflow-hidden fw-ad-id-470282">
<p></p>

<div id="div-gpt-ad-1709668545404-0"><script>
    googletag.cmd.push(function() { googletag.display('div-gpt-ad-1709668545404-0'); });
  </script></div>
</div>

<p>The charter operator launched commercial service in August 2021 and now has 11 A320-family narrowbody passenger jets and four A321 converted freighters in its fleet. Freighter operations began in early summer 2023.&nbsp;</p>

<p>Two of the cargo jets are temporarily inactive but should resume commercial service this week, President and CFO Ryan Goepel said via email.&nbsp;</p>

<p>In February, the company said it would focus investments on growing the passenger fleet because hot demand from sports teams, government agencies, tour operators and other groups offered a quicker path to profitability while cargo demand remained lukewarm following a lengthy market downturn.</p>

<p>Revenue last year increased by two-thirds from 2022 as GlobalX added more aircraft. The company lost $21 million, but earnings before interest, taxes, depreciation, amortization and rent increased fourfold to $20 million, a way to measure operational performance by removing variable lease costs for aircraft.<script async src=""https://securepubads.g.doubleclick.net/tag/js/gpt.js""></script><br />
<script>
  window.googletag = window.googletag &#x7C;&#x7C; {cmd: []};
  googletag.cmd.push(function() {
    googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[468, 60], [728, 90], [300, 100], [320, 50]], 'div-gpt-ad-1665767472470-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads());
    googletag.pubads().enableSingleRequest();
    googletag.pubads().collapseEmptyDivs();
    googletag.enableServices();
  });
</script></p>

<div class="flex my-20 justify-center w-full overflow-hidden fw-ad-id-476434">
<p></p>

<div id="div-gpt-ad-1665767472470-0"><script>
    googletag.cmd.push(function() { googletag.display('div-gpt-ad-1665767472470-0'); });
  </script></div>
</div>

<p>Management indicated during a March 6 earnings briefing that one of its freighters was parked for two months to have a door repaired.&nbsp;</p>

<p>Goepel told FreightWaves the cargo door was not sealing properly to allow it to stay pressurized. The used passenger jet was reconfigured for cargo service by 321 Precision Conversions, a Florida-based joint venture between engineering firm Precision Aircraft Solutions and vertically integrated <strong>Air Transport Services Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>).</p>

<p>The aircraft was fixed in March, but GlobalX took advantage of having the plane at a repair facility to also conduct a routine major aircraft maintenance inspection that typically takes several weeks to complete, he said. An agreement was negotiated with the lessor to compensate GlobalX for lost revenue while the aircraft was out of service.&nbsp;</p>

<div class="flex my-20 justify-center w-full overflow-hidden fw-ad-id-470312">
<p><script>
  window.googletag = window.googletag &#x7C;&#x7C; {cmd: []};
  googletag.cmd.push(function() {
    googletag.defineSlot('/21776187881/fw-responsive-main_content-slot3', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767553440-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads());
    googletag.pubads().enableSingleRequest();
    googletag.pubads().collapseEmptyDivs();
    googletag.enableServices();
  });
</script></p>

<p></p>

<div id="div-gpt-ad-1665767553440-0"><script>
    googletag.cmd.push(function() { googletag.display('div-gpt-ad-1665767553440-0'); });
  </script></div>
</div>

<p>The post <a href="https://www.freightwaves.com/news/globalx-airlines-delivers-haiti-relief-supplies-after-airport-reopens" rel="nofollow">GlobalX Airlines delivers Haiti relief supplies after airport reopens</a> appeared first on <a href="https://www.freightwaves.com" rel="nofollow">FreightWaves</a>.</p>

Comments

Glb Crossing Airlines Gr

News

Latest news for Glb Crossing Airlines Gr (OTC:JETBF) Stock

Thursday, May 09, 2024

Monday, April 29, 2024

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga