---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-062146"
form_type: "8-K"
ticker: "RJET"
cik: "0000810332"
company_name: "REPUBLIC AIRWAYS HOLDINGS INC."
filed_at: "2024-05-20T23:59:59+00:00"
generated_at: "2026-06-01T13:52:35.552412+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mesa Air Q1 FY2024 net loss $57.9M; revenues $118.8M down 19.3% YoY

## Summary
- Net loss of $57.9M ($1.41/diluted share) vs $9.1M loss in Q1 2023; adjusted net loss $21.8M ($0.53/share).
- Total operating revenues $118.8M, down 19.3% YoY from $147.2M, driven by reduced CRJ-900 block hours.
- Adjusted EBITDAR of $6.3M, compared to $25.9M in prior year quarter.
- Debt reduced by $39.2M during quarter; closed subsequent sale of 12 engines for $54.4M gross proceeds.
- Expects adjusted net profit in Q2 FY2024 (first in ten quarters) and breakeven cash flow for remainder of fiscal year.

## SEC filing metadata
- accession: 0000950170-24-062146
- form_type: 8-K
- ticker: RJET
- cik: 0000810332
- company_name: REPUBLIC AIRWAYS HOLDINGS INC.
- filed_at: 2024-05-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/810332/000095017024062146/0000950170-24-062146-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/810332/000095017024062146/mesa-20240520.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-062146
- JSON: https://secwatch.observer/filing/0000950170-24-062146.json
- Plain text: https://secwatch.observer/filing/0000950170-24-062146.txt

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