secwatch.observer — SEC 8-K summary
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Issuer:     REPUBLIC AIRWAYS HOLDINGS INC. (RJET)
CIK:        0000810332
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0000950170-23-041999
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/810332/000095017023041999/0000950170-23-041999-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/810332/000095017023041999/mesa-20230809.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-041999

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