---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-019906"
form_type: "8-K"
ticker: "RJET"
cik: "0000810332"
company_name: "REPUBLIC AIRWAYS HOLDINGS INC."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T07:30:34.985453+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-019906
- form_type: 8-K
- ticker: RJET
- cik: 0000810332
- company_name: REPUBLIC AIRWAYS HOLDINGS INC.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/810332/000095017023019906/0000950170-23-019906-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/810332/000095017023019906/mesa-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-019906
- JSON: https://secwatch.observer/filing/0000950170-23-019906.json
- Plain text: https://secwatch.observer/filing/0000950170-23-019906.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/810332/000095017023019906/0000950170-23-019906-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.