JETMF — what changed in the latest 10-Q
A section-by-section comparison of JETMF's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-05 vs the prior 10-Q · 2026-08-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +14 | −14 | ~41 | 35 |
| Market risk (Item 3) | Text added/removed | +1 | 0 | ~3 | 1 |
| Controls & procedures | Text added/removed | +1 | 0 | ~3 | 1 |
| Legal proceedings | Text added/removed | +1 | 0 | ~1 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-05
ACMI revenue for the period increased by $1.9 million or 3.6%, from $53.2 million in 2025 to $55.2 million in 2026. This increase was driven by an increase in the rate for ACMI flying of approximately 12% from $5,586 per Block Hour in 2025 to $6,254 per Block Hour in 2026 resulting in a $5.9 million…
Block Hours, from 9,527 Block Hours in 2025 to 8,819 Block Hours in 2026, resulting in a $4.0 million decrease in revenue. The rate increase resulted from a shift away from European seasonal ACMI contracts with higher minimum hours, and lower rate per hour.
Other revenue for the period increased by $0.6 million from $2.5 million in 2025 to $3.1 million in 2026, primarily driven by an increase in fueling and other administrative services provided to the Company's customers.
Aircraft fuel increased by $2.9 million or 213.7%, from $1.3 million in 2025 to $4.2 million in 2026. This was primarily attributable to a $2.8 million increase in fuel consumption resulting from higher Charter and Non-Revenue Block Hours, and, to a lesser extent, a $0.1 million increase resulting f…
Travel increased by $1.0 million or 56.4%, from $1.7 million in 2025 to $2.7 million in 2026. The increase was primarily attributable to higher Charter demand associated with the FIFA World Cup 2026™, which required additional crew travel away from crew bases. The increase also reflects the absence …
Text removed vs the prior filing · source: 10-Q · 2026-08-13
ACMI revenue for the period increased by $0.1 million or 0.2%, from $44.5 million in 2025 to $44.6 million in 2026. This increase was driven by a 2.6% increase in Block Hours, or 175 Block Hours, from 6,769 Block Hours in 2025 to 6,944 Block Hours in 2026, resulting in a $1.1 million increase in rev…
Other revenue for the period increased by $1.7 million from $1.5 million in 2025 to $3.3 million in 2026, primarily driven by an increase in fueling and other administrative services provided to the Company's customers.
Aircraft fuel increased by $1.0 million or 34.2% from $3.0 million to $4.0 million. The increase was primarily driven by a $1.5 million increase in the price of base jet fuel. The increase was partially offset by $0.5 million decrease in the amount of Charter and Non-Revenue Block Hours.
Travel for the period decreased $0.2 million or 8.9%, from $2.3 million to $2.1 million. This decrease was primarily driven by a conscious effort of management to focus on reducing travel expense through the creation of local bases tied to flight activity and contract rate negotiations.
Aircraft rent decreased $1.5 million or 11.0%, from $13.9 million in 2025 to $12.4 million in 2026, primarily driven by a decrease in base rent expenses of $1.1 million or 16.0% due to the decrease in the average number of aircraft on operating leases from 15.0 to 13.3 aircraft in the fleet. Adding …
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-11-05
During the three and nine months ended September 30, 2026, none of the Company’s directors or officers (as defined in Rule 16a-1(f) under the Securities Exchange Act of 1934, as amended) adopted, modified or terminated any “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” a…
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-11-05
During the three and nine months ended September 30, 2026, none of the Company’s directors or officers (as defined in Rule 16a-1(f) under the Securities Exchange Act of 1934, as amended) adopted, modified or terminated any “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” a…
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-11-05
During the three and nine months ended September 30, 2026, none of the Company’s directors or officers (as defined in Rule 16a-1(f) under the Securities Exchange Act of 1934, as amended) adopted, modified or terminated any “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” a…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice