secwatch.observer — SEC 8-K summary
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Issuer:     REPUBLIC AIRWAYS HOLDINGS INC. (RJET)
CIK:        0000810332
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0000950170-23-019906
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810332/000095017023019906/0000950170-23-019906-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810332/000095017023019906/mesa-20230509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-019906

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer