Mesa Air Group reports Q1 net loss of $9.1M, revenue down 0.4% YoY to $147.2M

REPUBLIC AIRWAYS HOLDINGS INC.

2023-Q1 EPS reported -$0.25 vs consensus -$4.13 ▲ beat (+93.9%)

Net loss of $9.1M ($0.25 diluted loss) vs. $14.3M loss a year ago; adjusted net loss $4.3M ($0.12 diluted loss).
Total operating revenue $147.2M, down $0.6M (0.4%) from prior year; contract revenue down 6.2%.
Adjusted EBITDA $21.8M, up from $17.0M; controllable completion factor improved at American (99.4%) and United (99.9%).
Closed sale of 8 remaining CRJ-550s to United after quarter end; preparing CRJ-900 operation transition to United.
Pilot attrition significantly lower after enhanced payscales and Aviate expansion; pipeline strengthening.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

REPUBLIC AIRWAYS HOLDINGS INC. reported financial results for quarter ended December 31, 2022.

Period: quarter ended December 31, 2022
Result: reported results

Exact text from the filing

On February 9, 2023, the Company issued a press release announcing its financial and operating results for its quarter ended December 31, 2022.

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REPUBLIC AIRWAYS HOLDINGS INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-002366

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