Mesa Air Q2 net loss $35.1M ($0.88/sh); revenue down 1.1%; transitions CRJ-900 to United

REPUBLIC AIRWAYS HOLDINGS INC.

2023-Q2 EPS reported -$1.16 vs consensus -$4.97 ▲ beat (+76.7%)

Total operating revenues $121.8M, down 1.1% YoY; contract revenue down 7.3%.
GAAP net loss $35.1M ($0.88 diluted loss); adjusted net loss $21.3M ($0.53) vs $10.3M ($0.29) prior year.
Initiated CRJ-900 transition to United; last American Airlines flight operated April 3.
Reduced debt by ~$80M from asset sale proceeds; pilot attrition below pre-COVID levels.
Deferred revenue balance $24.5M to be recognized over remaining United contract terms.

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 1.0

REPUBLIC AIRWAYS HOLDINGS INC. reported fiscal quarter ended March 31, 2023 results: revenue $121.8 million, net income $35.1 million, EPS $(0.88) per diluted share.

Period: fiscal quarter ended March 31, 2023
Revenue: $121.8 million
Net income: $35.1 million
EPS: $(0.88) per diluted share
Result: reported results

Exact text from the filing

Fiscal Second Quarter Update: • Total operating revenues of $121.8 million • Pre-tax loss of $37.2 million, net loss of $35.1 million or $(0.88) per diluted share

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

REPUBLIC AIRWAYS HOLDINGS INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-019906

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