Mesa Air reports Q3 net loss $47.6M, adjusted loss $27.2M; revenue falls 14.7%

REPUBLIC AIRWAYS HOLDINGS INC.

2023-Q3 EPS reported -$2.35 revenue$383,699,000

Diluted EPS $(1.17) GAAP; adjusted EPS $(0.67); adjusted loss excludes $30.5M impairment on assets held for sale.
Total operating revenues $114.7M, down 14.7% YoY; contract revenue decreased $24.5M due to lower CRJ-900 block hours.
Entered agreements to sell 18 excess CRJ-900s; 4 closed, 14 expected by year-end; paid down $27M debt with engine sale proceeds.
Transition from American to United substantially complete; deferred revenue balance $22.7M to be recognized over United contract term.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

REPUBLIC AIRWAYS HOLDINGS INC. reported financial results for fiscal quarter ended June 30, 2023.

Period: fiscal quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 9, 2023, the Company issued a press release announcing its financial and operating results for its fiscal quarter ended June 30, 2023.

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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 0000950170-23-041999

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