Contrary to what is happening throughout the airline sector, charter and freight focused GlobalX is firing on all cylinders as exceedingly strong quarter over quarter growth was the theme of the January 10th, management update.
While the airline did not discuss revenues, it was shared that there were 378 block hours operated in Q3/21, jumping to over 1,400 block hours sold in Q4. To put some perspective around what shareholders are obviously trying to calculate, Q3/21 revenues were $3.1 million USD.
Below is the key slide in management’s presentation and as is evident, it sees the trajectory continuing through 2022.
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